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The City of Waterloo offers a range of incentives to attract business and growth.

The Brownfield Community Improvement Plan

Brownfields are properties that are undeveloped or previously developed, usually former industrial or commercial properties that are contaminated. A series of high-profile brownfield properties have been successfully redeveloped over the last 20 years, with a number of these properties assisting Waterloo in transitioning from an industrial to post-industrial economy.

  • the former Sunar Hauserman property, now Lutherwood retirement residence
  • the former Labatt's property, now the Terrace on the Square and Catalina Townhomes
  • the former Seagram's property, now the Seagram Lofts, CIGI, Balsillie School of International Affairs
  • The former La-Z Boy site, now the new Regional Police station and Columbia Corporate Centre
  • the former Canbar property, now being actively redeveloped as the Barrel Yards project

The Brownfield Community Improvement Plan (CIP) will attract potential investors and developers with its comprehensive tax incentives.

The Northdale Community Improvement Plan

This plan resulted in a land-use plan, community improvement plan and urban-design guidelines for this neighbourhood. Approved by Waterloo city council in June 2012, the plan resulted in a comprehensive planning and regulatory framework to guide change in Northdale.

The Stormwater Credit Program

The cities of Waterloo and Kitchener have developed a stormwater credit program that offers you financial incentives for reducing the amount of stormwater runoff and pollutants that enter the municipal stormwater-management system from your property.

The program offers incentives - including lower monthly stormwater management fees - to all ratepayers who demonstrate best practices in managing stormwater runoff.

 

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CIGI Balsillie Campus, Waterloo

Balsillie School of International Affairs,
Auditorium stage. (Photo by Maris Mezulis)


Take advantage of these programs and incentives today!

For further information, contact the UpTown Business Improvement Area at 519-885-1921 or the City of Waterloo economic development team.

The Region of Waterloo is another great resource for incentive programs that may apply to specific projects and investments, such as the Brownfields Incentive Program.

A broad range of other incentives that provide greater financial and resource support are provided by the Province of Ontario and the Federal Government of Canada.

We also facilitate investment through other funding programs and opportunities, such as the Canada's Technology For Food (CTFF) initiative

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