The new program gives investors a greater degree of certainty when looking for development opportunities in Ontario municipalities. It will help companies looking to locate or expand their businesses in Ontario make quick, informed decisions and get projects underway sooner.
Designed to appeal to global investors, the program will give municipalities a chance to showcase their communities, attract new investment and help create jobs. This new initiative is part of the government's strategy to foster a competitive business climate in communities across Ontario.
Ontario’s Investment Ready: Certified Site Program is Canada’s first province-wide certified site program.
The program will provide detailed information on locations within a community that are ready to be developed, including availability, utilities servicing, access and environmental concerns.
To be eligible for the program, sites will need to meet mandatory requirements in relation to site ownership, availability for sale/lease, minimum property size, public road access, municipal planning and zoning, and servicing and utilities.
Applications will need to be submitted jointly by either municipalities or economic development organizations and the owner(s) of the site.
Financial assistance will be available to help cover some of the costs incurred during the certification process. The application process is set to open later this year.
We are confident that our new site certification program will make it easier for businesses to grow and expand in communities across the province. We want to do everything we can to help create jobs and attract investment to build strong, vibrant communities and we look forward to working together with our municipal partners.”
The Investment Ready program will help communities across the province attract investment and create jobs. This is just one of the ways our government is strengthening local economies in partnership with municipal leaders.”
Minister of Economic Development, Trade and Employment
Site Certification is another important tool to help our members attract investment projects to the communities they serve. Competition for international investment is intense, and a certified site designation can help a development opportunity stand out from the crowd.”