Start-up and Office Tenant Attraction (SOTA) Program
The Start-up and Office Tenant Attraction (SOTA) Program is intended to provide
low-interest Loans or Forgivable Loans that will facilitate the undertaking of eligible leasehold
improvements to office space by property owners or authorized tenants in order to support the
creation of new office space and improve the marketability and attractiveness of existing office
space. This Program will serve as a tool to reduce office vacancy rates in Downtown Hamilton
and other eligible commercial areas and serve as a means of attracting new and expanding office
uses and businesses to Hamilton.
Offered by Invest in Hamilton
Amount
$450,000
Quick eligibility check
Who can apply
Applicants must be:
- the Owner registered on title ofthe property that is the subject ofthe Program application or an authorized commercial tenant of said property and who will be undertaking the improvement/development.
- within the Ancaster, Barton Village, Binbrook, Concession Street, Downtown Hamilton, Dundas, Locke Street, Ottawa Street, Stoney Creek, Waterdown and Westdale Commercial District CIPAs, the Mount Hope/Airport Gateway CIPA and the Barton
Street and Kenilworth Avenue North Strategic Commercial Corridor CIPAs as collectively defined through the Revitalizing Hamilton’s Commercial Districts Community Improvement Project Area (RHCD CIPA) By-law
About the funding
Amount: 0% interest Loans up to $450,000, a portion of which may be forgiven for Start-up Businesses and Start-up Incubators
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Commercial District Housing Opportunities Program | Loan | The lesser of $1,000,000 or 25% of the construction budget for the development (maximum loan) | Open |
| Downtown and Barton/Kenilworth Housing Opportunities Program | Loan | Low-interest loan | Open |
| ERASE Commercial District Remediation Loan (ECDRL) Program | Loan | Up to $400,000 | Open |
| Hamilton Heritage Revitalization Loan Program | Loan | Up to $100,000 | Open |
