Business Improvement Program (BIP)

By mmuise

The Business Improvement Program (BIP) encourages businesses to invest in storefront improvements and landscaping enhancements. The program provides credit to both property and business taxes, as applicable.

Comments on Funding:

Funding is a tax credit which covers 50% of approved expenses on improvements (net of HST) up to a limit of $10,000.

Deadline: Continuous Intake

Applicants must be businesses that improve the exterior appearances and/or landscaping of their properties. Eligible properties must have a commercial use at street level in front of the building.

Application Steps:

Applicants must submit the application form to Business Division, City of Corner Brook 5 Park Street, PO Box: 1080, Corner Brook, NL A2H 6E1, Tel. 709-637-1551 Fax. 709-637-1627

Documentation Needed:

Applicants must submit: 1. 2 contractor estimates for each improvement;
2. photograph of the current façade and/or landscape;
3. sketch and/or architectural drawing of the proposed façade and/or landscaping.

Other Things to Note:

Application will be considered and approved on an ongoing basis, until the entire $50,000 tax credit has been committed.

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