The City is considering refinements to the Greater Sudbury Employment Land Community Improvement Plan (ELCIP) that would enhance the existing Tax Increase Equivalent Grant (TIEG) structure. The proposed Employment Land CIP presents amendments related to the assessment of eligible projects.

To optimize the program, the following refinements are recommended:

• Refining Eligible Uses: Replace "Industrial Use" with "Eligible Use" and introduce clear definitions to attract investment across high-impact sectors aligned with provincial and federal priorities, such as such as life sciences, clean technology, agrifood production and technology, audio-visual and advanced manufacturing.
• Enhancing the Scoring Matrix: Adjust criteria to align grant terms with investment size, scope and job creation thresholds.
• Incentivizing Strategic Priorities: Introduce additional scoring measures to recognize projects aligned with strategic intensification areas, economic diversification, innovation, and sustainable design.
• Implementing a Sliding Scale for Tax Reinstatement: Introduce a structured approach for reintroducing municipal taxes over longer term grant periods, ensuring incremental financial benefits for the City.

These refinements will enhance the ELCIPs ability to attract high-quality investments, support job creation and strengthen Greater Sudbury's position in the global economy.

To learn more, visit the Over to You page HERE.