Smooth Rocks Falls, a progressive community of 1,300 in northern Ontario that generated nationwide attention in 2017 for offering bold financial incentives, including $500 serviced lots, to reverse its declining population is experiencing a resurgence. During the last four years, 60 new families have moved to the town and the average property value has increased 144 per cent.
Despite Smooth Rock Falls’ recent success, Town Council is not resting on its laurels; it continues to pursue new opportunities and explore ways to diversify its economy. Today, it opened The Near North Industrial Centre, a 9.57-hectare industrial park with 12 turn-key lots. The anchor tenant, a diesel maintenance and repair outfit, is already in place but the remaining lots are available with a range of incentives, including a potential rebate of up to 90 per cent of the purchase price, tax grants, and more.
This fall, Smooth Rock Falls will also be initiating a waterfront master study to explore ways to unlock 140 acres of waterfront land in town. “Being creative and taking risks has resulted in in increased commercial confidence in Smooth Rock Falls,” says Denault. “We’re planning to continue to come up with innovative ways to ensure Smooth Rock Falls continues to grow for years to come.”