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Sarnia launches economic plan with incentives to boost industrial growth and attract investment.
Sarnia is developing a new economic development plan to boost industrial growth by offering incentives like tax breaks, rebates on development charges, and grants, following concerns that the city lacks competitive tools to attract investment.
A $63,000 project led by Monteith Brown Planning Consultants includes a community needs assessment recommending measures such as tax-increment grants and blanket funding to improve underutilized industrial land, particularly in business parks and near the airport.
Consultations with local stakeholders are underway, with a final report expected this spring.
The initiative aims to enhance infrastructure, attract investment, create jobs, and strengthen the region’s economic appeal.
Sarnia pone en marcha un plan económico con incentivos para impulsar el crecimiento industrial y atraer inversiones.