Prince Road (exclusive of the proposed office space) based upon the actual increase in assessment.

The subject property is 0.62 hectares (1.5 acre) in size and contains an existing 766 square metre (8,245 square foot) office building. The property is designated ‘Industrial’ in the City’s Official Plan and zoned Manufacturing District 1.1 (MD 1.1), which permits a range of light industrial and service commercial uses.

DISCUSSION:

Business Retention and Expansion Grant Program

The Business Retention and Expansion Grant Program is intended to stimulate investment in targeted economic sectors for the purpose of expanding and diversifying Windsor’s economy. Existing manufacturing businesses that retain or create a minimum of 50 jobs or non-manufacturing business within an eligible sector that retain a minimum of 35 jobs or create a minimum of 20 jobs are eligible to apply under the program.

Successful applicants are eligible to receive an annual grant for up to 100% of the municipal property tax increase created by an investment in development or redevelopment of a building or property—provided it conforms with the Economic Revitalization CIP. The annual grants may continue, at Council’s discretion, for up to 10 years or until up to 100% of the eligible investment costs are repaid.

Eligible Sector

The proposed development is eligible under the following sector and defined uses:

Management of Companies and Enterprises

Corporate Office—A facility or building that is the permanent working location of senior level management employees primarily engaged in administering, overseeing, and managing other establishments of the company or enterprise. These establishments normally undertake the strategic or organizational planning and decision making role of the company or enterprise.

Canadian Head Office - A facility or building that is the permanent working location of the company’s executives and senior level management that are primarily engaged in providing general management and/or administering, overseeing, and managing other establishments of the company or enterprise. A head office is only recognized as a production unit if it is located in a separate physical location than the rest of the company or enterprise.