Applications are now being accepted for the Commercial Space Rehabilitation Grant until February 28, 2023. Subscribe to the BusinessTO newsletter to stay informed of business resources and supports.
The Commercial Space Rehabilitation Grant Program offers matching funding of 50 per cent to commercial business operators and owners of storefronts that are vacant (or, in certain limited circumstances, at risk of becoming vacant) to undertake interior improvements, assisting businesses to re-lease space impacted by COVID-19. This program is funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario.
Small retail businesses are essential to the vitality and success of Toronto’s main streets and neighbourhoods, and key drivers of economic prosperity for residents, families, communities and the city as a whole. The Commercial Space Rehabilitation Grant Program was developed in support of the recovery and long-term success of local small businesses.
The program offers matching funding equal to 50 per cent of the cost of interior improvements to vacant commercial properties at street level.
The Commercial Space Rehabilitation Grant Program is available to owners and tenants of vacant properties or the risk of being vacant properties at street level, or properties at risk of becoming vacant (that have received funding from the Canada Emergency Rent Subsidy program) within the city of Toronto, that are used for commercial purposes at street level, and that are locally owned and operated. A minimum of three eligible improvements must be made.
Tenants who apply for the program must have written permission from the property owner to make any improvements to the property and receive grants.
The following projects would be considered eligible for a Commercial Space Rehabilitation Grant:
Complete the Commercial Space Rehabilitation Grant below and submit to Michael.Saunders@toronto.ca by February 28, 2023.
For more information about the program please contact Michael Saunders at 416-392-1005 or Michael.Saunders@toronto.ca.