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
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- Instrument
- Grant (non-repayable)
- Status
- Open, continuous intake no fixed deadline; approvals on the funder's cycle
- Who qualifies
- 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
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Application process
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
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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.
Apply
Apply on the funder’s site and confirm current terms there: