Before responding to the next question, we would like to update you on the possible incentives that Greater Madawaska could implement under a Community Improvement Plan (CIP).
A Community Improvement Plan (CIP) can include different types of incentives, depending on Council direction and available funding. The examples below are not final and are provided to help gather feedback on what types of tools may be most useful.
Common CIP incentives used by municipalities may include:
Grants or Rebates
Financial support to help offset a portion of eligible project costs, such as building improvements or upgrades.
Tax-Based Incentives
Programs that may provide relief or rebates related to increased property taxes resulting from eligible improvements.
Façade or Building Improvement Support
Incentives focused on improving the appearance, safety, or functionality of existing buildings.
Accessibility or Code Compliance Improvements
Support for upgrades that improve accessibility or help bring older buildings up to current standards.
Feasibility, Design, or Planning Support
Assistance with early-stage costs such as studies, designs, or professional fees that help move projects forward.
Final incentive programs, eligibility criteria, and funding levels would be determined by Council as part of the CIP approval process.