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Thursday February 7th, 2013

Posted at 10:00am

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Applied Systems Inc, a company which set up a Windsor office when it acquired Windsor-based Compu-Quote Inc, is being recommended for economic revitalization funding by City of Windsor administrators.

Under Windsor City Council’s Economic Revitalization Community Improvement Plan, Applied Systems has been recommended for the grant as the company is retrofitting a large office building on Rhodes Drive to suit its business needs.

The business must meet objectives and policies including acquisition of land or buildings, construction, repair, rehabilitation or improvement under the program. The City says they have received several inquiries from new and existing businesses and City Council has approved seven to date.

The City says Applied Systems meets the criteria for the grant due to the revitalization taking place at their Rhodes Drive building — at a construction value of $1.1 million — and a decision to keep 90 former Compu-Quote employees in Windsor.

Should Applied Systems be approved for the grant by City Council, approximately $28,000 will be shaved off of their municipal taxes over four years.

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