Economic Growth and Community Improvement: The Elgincentives Advantage
Elgin County is proud to support local businesses through innovative programs that drive economic development. Among these initiatives is the Elgincentives Community Improvement Plan, designed to fund private property improvements that boost the region’s economic vitality. In partnership with local municipalities, the Elgincentives program offers grants for projects that stimulate economic development and enhance the community’s appeal. Recently, three businesses in Elgin County successfully leveraged grants from the Elgincentives program to fuel their growth and transformation. Peter Letkeman Guenther Inc. received a Tax Increment Equivalent Grant (TIEG) through the Elgincentives program, marking a significant step in stimulating local investment. This TIEG grant will support the construction of a 38,000-square-foot facility on Hacienda Road in the Township of Malahide. This new development will convert vacant land into a vibrant business hub, housing six industrial and commercial units and creating over 100 jobs in the region. The grant will defer the increase in property taxes for five years, with an estimated deferral of $109,637.43 for the County and a similar impact on the Township of Malahide. With an estimated project cost of $1,800,000, the new business units aim to attract investments from industrial and commercial sectors and provide opportunities for local entrepreneurs. Brandywine Farms and Garden Market is another success story, having received $2,175.60 through the Elgincentives Façade, Signage, and Property Improvement Grant. This support enabled them to paint their façade and improve the deck at the
entrance to their storefront. The project involved painting the main building and replacing the deck boards surrounding the store. The building, which is over 200 years old, had a neglected façade with mismatched siding and degraded deck boards. The renovations made the storefront more visually appealing and safer for visitors, customers, and vendors. Thousands of guests will enjoy these updates during Brandywine’s summer farmers’ markets, farm tours, storefront sales, and other events. As an agri-tourism destination, Brandywine will draw visitors
From our family to yours
519-633-0527 turkeyshoppe.com It’s BBQ Season... Get Grilling!
Bacon-wrapped Turkey Medallions, Turkey Burgers and Turkey Sausage
Stop in for fresh and locally grown fruits, vegetables and other great local products!
10882 Sunset Rd. Just North of Talbotville Monday-Friday 9-5:30 • Saturday 9-4 Horton Farmers Market Open Saturdays 8-12
519-631-1333 • 6804 Sunset Drive Beside the Masonic Centre and Shaw's
(519) 631-1370 5680 Sunset Road (on the way to Port Stanley) Open 7 days a week. www.debackerefarmmarket.ca
London Location: 519-652-9920 Wonderland Rd S & Wharncliffe www.wonderlandministorage.com Moving Supplies, Climate, Non-Climate and Outdoor Storage www.stthomasselfstorage.com
Page 8 Real Living • Summer 2024
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