Economic Empowerment Zone
An Economic Empowerment Zone (EEZ) is a geographical area that has been designated by law as such, and one that is targeted for social, economic, physical and spiritual development. Vehicles to achieve such development include financial support for eligible EEZ property and business owners and targeted real estate enhancement through defined development of the area.
North East Hamilton was defined as the first EEZ. The Somerset and St. George's EEZs were designated in 2011. The BEDC aims to create opportunities for area residents and property and business owners to access the resources that will rejuvenate and regenerate these areas, while not displacing the current area population.
Plan Underlying EEZ Land Use Strategy and Design Guidelines
Click on the new North East Hamilton EEZ Map & Directory below to learn how you can "Live, Work and Play" in the EEZ.
EEZ Loan and Grant ProgrammesTwo initiatives that will facilitate this revitalisation are the EEZ Small Business Loans of Working Capital and EEZ Small business Grants of Technical Assistance. These are available in amounts of up to a maximum of $10,000 each to finance business development of existing companies or business planning for start-ups.
Documents
- EEZ Incentives Brochure
- Customs Duty Deferment Brochure
- Grant Application
- Grant Brochure
- Loan Application
- Loan Brochure
- Business Reference Form
- Personal Reference Form
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