This program is a fantastic opportunity for you to reduce costs when planning new construction or expanding your business. You can receive a grant of up to 60% of the increased municipal taxes from your project over a 10-year period. If your business is in targeted areas, this grant can increase to 70%, providing even more financial relief.

By collaborating with the City and participating in a points-based system, you're not just helping your business; you're also contributing to local employment and community development. This support can ease the financial burden of your next project, giving you the chance to invest without the weight of hefty expenses.

Applying for this program is straightforward. With no revenue or employee limits, it’s designed to accommodate all businesses like yours. Your growth is within reach, and it starts here.

The financing provided is a Grant aimed at reducing your municipal tax costs. Here’s what you need to know about it:

• Grant Amount: You can receive 60% of the increase in municipal taxes resulting from your new building construction or expansion over a 10-year period. If you're in one of the targeted areas, this grant can increase to 70%.

• Eligible Expenses: The funds can be used towards expenses related to new building construction or significant expansions. This includes costs such as construction materials, labor, and other direct expenses necessary for the development.

• Restrictions on Use: The grant funds cannot be used for operational costs, such as payroll or routine business expenses. They are specifically tied to your development project.

• Associated Fees: There are no application fees or hidden charges for receiving this grant. However, it’s important to maintain a collaboration with the City for local employment goals, which might involve additional commitments on your part.

This is a solid opportunity to reduce your tax burden while expanding your business!

• Location: Business must be located in Toronto.
• Sectors: Must belong to specific targeted sectors and areas.
• Employees: No minimum or maximum employee requirements.
• Revenue: No minimum or maximum revenue requirements.
• Legal Structure: All legal structures are acceptable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• No specific disqualifications mentioned in the context.

The program in Toronto is designed to reduce your costs when constructing new buildings or expanding current ones. If your business qualifies, you can receive a grant of up to 60% of the increased municipal taxes resulting from your development over a 10-year period. This amount can go up to 70% in targeted areas, making it an attractive opportunity for you to grow your business.

Additionally, this program encourages collaboration with the City to support local employment. You will participate in a points-based system, ensuring your project aligns with community goals. This helps not only your business but also uplifts the local economy.

With this program, you can confidently invest in your business's future while knowing you have financial support to ease the burden. It’s a great chance to make impactful changes without taking on heavy costs.