(ESSEX, ON) – Essex Town Council has officially reduced commercial development charges by 100% in areas that fall outside of the existing Community Improvement Plan boundaries. At their regular meeting on May 7, councilors amended the Development Charges By-law to reflect the decision.
“The Town already has a number of grant programs through our Community Improvement Plans which provide financial incentives for developers to build, but they are concentrated in our downtown cores,” said Nelson Silveira, the economic development officer for Essex. “By waiving commercial development charges in all areas of the municipality that fall outside of the existing Community Improvement Plan boundaries, developers now have incentive in other areas, including the important Highway 3 and Maidstone business corridor.”
Designed to stimulate development in all areas of the town, the change will be in effect until August 25, 2019, and follows the recent decision to waive industrial development charges.