Business Improvement Area Grants: Interior Building Improvement Grant

By mmuise
Description:

The Business Improvement Area Grants provide funding for commercial buildings and businesses located or planning to locate in Business Improvement Areas (BIAs).
The Interior Building Improvement Grant is a matching reimbursement grant for interior renovations, up to 50% of project costs to a maximum of $20,000.


Comments on Funding:

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Deadline: No longer accepting applications.
Eligibility:

Applicants must:

  • be commercial tenants;
  • be property owners;
  • be based in the City of Edmonton;
  • have properties that meet the following requirements:
    a) Commercial unit is located on the main floor and facing the street;
    b) Commercial unit is located within a Business Improvement Area or other Council-approved area.
    c) Commercial unit has been vacant for at least 6 months prior to applying to the program, or has been underutilized over the last 3 years.
    d) Building is 20 years old or older.
    d) Construction work must not have begun on the project prior to applying and being approved for the program.
    e) By the end of construction and for the length of the maintenance period, windows and doors will not be covered by security bars or grills, rolling shutters or doors, posters, large window appliques, vinyl wraps, or otherwise obscured. It is important to clarify with your tenant that they can comply with this requirement.
    d) At the end of the project, the commercial unit will have a 2 year minimum lease with a commercial tenant.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise