Kitchener City Council Approves Early Economic Support Plan
Extra 60 days to pay property tax and utility bills without penalty
Kitchener, Ontario – Tonight, Kitchener City Council approved the City’s Early Economic Support Plan, which includes financial and economic support measures to help reduce the financial strain on citizens and businesses during the current pandemic.
The City of Kitchener’s Early Economic Support Plan, complements recently announced Federal and Provincial financial aid programs and is part of a coordinated economic response to the pandemic with Waterloo Economic Development Corporation (WaterlooEDC), Communitech, the Greater Kitchener Waterloo Chamber of Commerce, area-municipalities and the Region of Waterloo.
It includes immediate supports over the next two months as well as longer-term work with various partners to develop a comprehensive plan focused on supporting the community in its recovery.
“While the physical safety and well-being of our residents and staff is always the City’s utmost priority, we also know that, during this time of uncertainty, financial and economic security is a growing source of concern for our residents and businesses,” said Mayor Berry Vrbanovic. "It’s still early days, but financial impacts are already being felt throughout our community, and across all economic sectors. We hear that and we see that. And, while the financial tools we can provide as a municipality are somewhat limited, we’ve now put a plan in place to do our part in helping ease the burden for our community.”
Some measures in the Early Economic Support Plan begin immediately while others will be introduced over the next two months. Actions in the plan include:
Immediate financial flexibility for residents and businesses, including:
Continued support for the local construction industry
Additional support for local businesses and employees
“Just as our community has come together to mitigate the spread of the virus so too will we unite during recovery. The City of Kitchener will continue to collaborate with government and business partners to ensure that area families and entrepreneurs can access all of the various supports on offer,” said Scott Davey, Chair of the Finance and Corporate Services Committee and mover of the motion. “These are extraordinary times, and we are in this together.”