You have a unique opportunity to enhance your business with the support of the Commercial Space Rehabilitation Grant Program. This program offers matching funding of 50% for interior renovations, up to $20,000. If your storefront is currently vacant or at-risk, this funding will allow you to make essential upgrades such as structural improvements, HVAC work, electrical updates, and plumbing enhancements—all crucial for attracting more customers and improving their shopping experience.

There's no requirement to repay this grant, which means you can invest in your business without the stress of future financial burdens. This program is designed to support your recovery and long-term success, putting you in a stronger position to thrive in the competitive Toronto market. By applying, you not only improve your space but also invest in your future growth and sustainability. You deserve this support to help your business flourish.

Type of Financing

The funding is offered as a Grant, providing matching funding of 50%. This means for every dollar you spend on eligible renovations, you could receive a dollar back, up to a maximum base grant of $20,000. Additional funds may be available for accessibility upgrades and multi-unit properties.

Repayment and Interest Rates

There are no repayment terms or interest rates associated with this grant. This means the money you receive does not need to be paid back, making it a great opportunity for your business to access funds without the burden of debt.

Eligible Expenses

The funds can be used for various eligible expenses, including:

• Structural upgrades
• HVAC (heating, ventilation, and air conditioning) improvements
• Electrical work
• Plumbing

Ineligible Expenses

Funds cannot be used for expenses outside of these areas. Additionally, any purchases or renovations that do not directly contribute to the improvement of the commercial space are also ineligible.

Fees Associated with the Program

There are no specific fees associated with applying for or receiving the grant. This means you can put more money into your projects rather than worrying about additional costs.

• Location: Must be a small retail business located in Toronto.
• Business Type: Must be a commercial business operator or owner of a vacant or at-risk storefront property.
• Funding: Can receive matching funding of 50% for interior renovations.
• Maximum Grant: Eligible for up to $20,000 in funding for renovations.
• Employees: No minimum or maximum number of employees required.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: Open to all legal structures.
• Profit Structure: Open to all profit structures.

Disqualifications:

• No specific disqualifications mentioned in the context.

This program offers matching funding of 50% for your interior renovations, with a maximum grant of up to $20,000. If your business is in Toronto and operates from a vacant or at-risk storefront, you can use this funding to enhance your space. Eligible improvements include structural upgrades, HVAC enhancements, electrical work, and plumbing. There’s also extra funding available for accessibility improvements and for properties with multiple units.

The goal is to support the recovery and long-term success of small retail businesses like yours. By upgrading your store, you can attract more customers and create a better shopping experience. This funding can help you make those necessary changes without putting additional strain on your finances.

There's no requirement for repayment, making this an attractive option to improve your business without worrying about future costs. Investing in your storefront today can lead to greater success tomorrow. You deserve the support to grow and thrive in your local market.