My Main Street Local Business Accelerator: Business Funding Support

By mmuise
Description:

As part of the My Main Street Local Business Accelerator, new and existing businesses located in participating communities can access business support from their Main Street ambassador, including the My Main Street non-repayable funding contribution of $10,000 to start or grow their business.


Comments on Funding:

Funding will take the form of a non-repayable contribution of $10,000.

Deadline: -
Eligibility:

Applicants must:

  • be physically located in a participating main street community at the time of funding;
  • be open to the public for walk-in and on-site purchase of goods or services; or be ready to open at time of funding (within COVID protocols);
  • be an independent local business with under 10 employees (25 if a restaurant);
  • pay commercial property tax (commercially assessed) either directly or through commercial rent;
  • be a sole proprietorship, partnership, corporation, co-operative, or social enterprise;
  • have a business bank account in the registered name of the business;
  • be owned by an Ontario resident, operating in Ontario;
  • be owned by a person 18 years of age or older at the time of application and be a Canadian resident or permanent resident;
  • be sales-ready at time of funding.
    A new business (Start-up) is:
  • a brand-new business starting in the participating main street;
  • a home-based business or business currently in shared space (co-working or commercial kitchen) locating to a retail location (commercial space) in a participating main street community; or
  • an existing business moving to a participating main street community.
    An existing business (Expansion and Recovery) is any business already operating in the participating main street community.
Application Steps:

Applicants must:

1. connect with their My Main Street Ambassadors (use the map found at https://mymainstreet.ca/community-map to identify their community, and click on the pin to view their Ambassador's name and email address);

2. apply to https://mymainstreet.ca/accelerator-program/market-research-support to receive a research report for their businesses.

Documentation Needed:

Applicants must submit:
1.one application per business (includes businesses with multiple locations or owners with multiple businesses);
2. the market research report.

Other Things to Note:

This program is no longer accessible. Applications for market research reports and non-repayable funding contributions are now closed.

About the author
mmuise