Retail Accelerator Program
$10,000
Grant
Description:
Small retail businesses are the heart of Toronto’s main streets, employ thousands of residents, and are a key driver of the city’s prosperity.
This program provides access to retail training, advisory services and mentoring opportunities. In addition, it offers a micro grant valued at $10,000 to help retail businesses develop and expand.
Comments on Funding:
This program offers a $10,000 micro grant to help retail businesses develop and expand.
Applications are closed. Stay tuned for future intake announcements.
Eligibility:
Applicants must be:
1. owners of retail businesses within the City of Toronto
2. Sole proprietorship or corporation where the applicant is the majority shareholder; or
3. Partnership where the applicant holds the majority share; if shared 50/50 only one partner
4. 18 years of age or older
5. Operate an independent retail business in the City of Toronto
6. Be full time self-employed and be the majority owner in the business
7. Have a current lease agreement or ownership documentation for the retail location
8. Maintain a separate business bank account, following government rules and regulations for operating a business
9. Prepared to commit to the business training components of the program
10. Prepared to provide proof of expenses as requested by City of Toronto
11. Prepared to complete a survey at the end of the program
Application Steps:
Applicants must:
1. Subscribe to the Business TO newsletter (opens in new window) to stay informed of business resources and supports.
2. Contact Fariba Niroui at 416-392-1328 or Fariba.Niroui@toronto.ca.
Documentation Needed:
Applicants must submit:
1. a current lease agreement or ownership documentation for the retail location
2. a separate business bank account
3. proof of expenses as requested by City of Toronto
Other Things to Note:
About the author
Maurice
