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Waterloo Incentives

The following incentives are available in Waterloo and issued by the City of Waterloo unless otherwise noted. Visit the Incentives page to learn about other incentives, or the Uptown Waterloo, Northdale area of Waterloo or Waterloo Region pages to learn about incentives available in those areas.

Waterloo incentives mapJoint Tax Increment Grant

Issued by: Region of Waterloo and City of Waterloo.

Description: A grant to assist property owners with the remediation of brownfield sites throughout the City of Waterloo. Payments are made after the site has been remediated, redeveloped and reassessed.

Amount: Total amount is generally based on eligible remediation costs. Yearly payments are made to successful applicants (each application for a maximum of 10 years) based on post-development tax assessment increases.

End date: No set end date for Region of Waterloo, but the program maybe amended or cancelled at Council's discretion. City of Waterloo Brownfields Community Improvement Plan expires September 30, 2018.

Further information: Visit regionofwaterloo.ca/brownfields or contact John Hill, Principal Planner at 519-575-4500 x3646 or jhill@regionofwaterloo.ca or Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca.

 

No Cash-in-lieu of Parkland Fee for any Industrial Use

Description: Elimination of the cash-in-lieu of parkland fee(s) for industrial uses in Waterloo.

Amount: Any applicable cash-in-lieu of parkland fee(s).

End date: To be re-evaluated by December 2019.

Further information: Please see By-law 2015-44 or contact Nancy Gehl, Economic Development at 519-747-8706 or Nancy.Gehl@waterloo.ca.

 

Disclaimer: The purpose of these program summaries is to provide readers with a quick reference of financial incentives potentially available in each area. They do not constitute complete program descriptions. To determine eligibility, please review the detailed program descriptions or contact the appropriate staff person. It is at the issuers' discretion to cancel an incentive at any time. Information is subject to change and accuracy cannot be guaranteed.

 

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