Business Improvement Program (BIP)

By mmuise
Description:

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
Eligibility:

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.

About the author
mmuise