Economic Growth Grant Program (EGCIP)
Also known as: Economic Growth Community Improvement Plan
Sault Ste. Marie's Economic Growth Grant (EGCIP) targets export-oriented businesses that locate or expand in the city. Two tools: a project grant of up to $100,000 (more only by Council approval), and a tax-increment grant returning up to 100% of the municipal property-tax increase for up to three years. An EGCIP committee screens applications; City Council decides. Continuous intake, start with Invest Sault Ste. Marie.
Key facts
- Amount
- Up to $100,000 Grant Program 1: up to $100,000 per project (or as approved by City Council). Grant Program 2: up to 100% of the incremental increase in the municipal portion of property taxes for up to three years.
Against all tracked amounts, $1,000 to $500,000,000, logarithmic.
welcometossm.com · Last verified Oct 1, 2026 · Auto-checked against official source
Grant Program 1: up to $100,000 per project or as approved by City Council ... Grant Program 2: up to 100 percent of the incremental increases in the municipal portion of the property taxes for up to three years
- Instrument
- Grant (non-repayable)
- Status
- Open, continuous intake no fixed deadline; approvals on the funder's cycle
- Who qualifies
- Businesses
- business
- corporation
- New businesses locating in Sault Ste. Marie or existing businesses expanding
- Primarily export-oriented activities (selling goods/services outside the local economy)
- Job growth and economic diversification are the program's stated goals
welcometossm.com · Last verified Oct 1, 2026 · Auto-checked against official source
- Where
- Algoma DistrictThis program is limited to one district.
1 of 11 Northern Ontario districts are eligible for this program. A filled dot is eligible, an outline is not.
- Built for
- Small business, expansion
How do you apply?
Call first. This funder expects contact with a program officer before you apply.
- Contact Invest Sault Ste. Marie / Community Development for pre-screening
- Submit EGCIP application
- Review by the EGCIP Committee (Community Development, Finance, Planning representatives)
- City Council final decision
welcometossm.com · Last verified Oct 1, 2026 · Auto-checked against official source
Common questions
What does 'export-oriented' mean here?
Businesses that primarily sell goods or services outside the local economy, the program exists to diversify the economy and create net-new jobs, so purely local-serving retail/service businesses are generally not the target.
Can I get both grant programs?
The EGCIP provides two grant programs for approved applicants, the up-to-$100,000 project grant and the 3-year municipal tax-increment grant. Structure and combination are set through the committee review and Council approval.
Who decides on my application?
An EGCIP Committee with Community Development, Finance, and Planning representatives reviews applications; final approval rests with City Council.
Where else could this money come from?
Chosen by what these programs have in common with this one, not by hand. The reason is shown for each, so you can judge whether it holds.
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Sault Ste. Marie Housing CIP, Tax Increment Equivalent Grant
Open while funds last same funder (City of Sault Ste. Marie); both for small business, expansion; tieg, sault ste marie — Varies; see program
-
Sault Ste. Marie Housing CIP, Per Door Grant Program
Open while funds last same funder (City of Sault Ste. Marie); both for small business, expansion; sault ste marie — Up to $160,000
-
Sault Foundations Grant (Feasibility Study, Non-Profit Missing Middle)
Open while funds last same funder (City of Sault Ste. Marie); sault ste marie — Not published
-
GSCIP Tax Increment Equivalent Grant (TIEG) Programs
Open, continuous intake both for small business, expansion; tieg — Varies; see program
Notes on this record
welcometossm.com is the city's economic development portal (Invest SSM / FutureSSM). The city can also connect applicants to its Economic Development Fund and Downtown Financial Incentive Program.
Apply
Apply on the funder’s site and confirm current terms there: