Core Areas Financial Incentives: Commercial Building Restoration, Renovation and Improvement Grant Program (CBRRIG)

By mmuise
Description:

This grant has the potential to leverage significant private sector investment in interior building renovations and improvements, and help address the costs involved with renovations.


Comments on Funding:

The program will be matching grants of up to 50% of eligible costs up to a maximum grant amount. If the building is a single commercial floor, the grant amount will be $50,000 per property. If the building is two or more floors of commercial use, the grant amount will be up to $100,000 per property.
The maximum grant may increase by $5,000 for the inclusion of enhanced accessibility elements. This will bring the total maximum funding amount to $105,000.

Deadline: Continuous Intake
Eligibility:

1. Applicants must be property owners looking to develop, preserve, beautify and enhance Cambridge's core areas (Galt City Centre, Preston Towne Centre, Hespeler Village);
2. This program is restricted to the conversion of vacant, residential, or underutilized space to use as

a restaurant, market or Place of Assembly related to arts, culture, and/or recreation or rehabilitation of existing, or conversion of space for commercial use.
Application Steps:

No specific application steps have been identified.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

For Information Contact: Economic Development at (519) 740-4685 or e-mail: Invest@cambridge.ca .

About the author
mmuise