Retail business renovation subsidy
The PRAM-Commerce program is aimed at revitalizing commercial streets by helping business people who belong to business development corporations (SDCs) or associations to renovate commercial building facades or modernize their interior layout.
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Description
The PRAM-Commerce program, launched in the fall of 2015, has a budget of $14.5 million. The program is geared towards business people and commercial real-estate owners who wish to renovate facades and modernize commercial spaces.
Areas of action
- Renovation
Financial assistance can reach a maximum of:
- $50,000 for a building with a main facade measuring up to 10 metres.
- $125,000 for a building with a main facade measuring between 10 and 20 metres.
- $250,000 for a building with a main facade measuring 20 metres or more.
The subsidy can cover a third of the cost of eligible work.
- Design
Financial assistance can reach a maximum of:
- $4,000 per project for a building with a main facade measuring up to 10 metres.
- $10,000 for a building with a main facade measuring between 10 and 20 metres.
- $20,000 for a building with a main facade measuring 20 metres or more.
These sums can cover 50 per cent of professional fees (architecture, interior design, engineering).
Objectives
- Stimulate, revitalize or consolidate commercial streets in the agglomeration of Montréal.
- Provide financial assistance for the renovation of commercial buildings.
- Offer consumers an updated commercial environment and a more attractive built environment.
Areas of implementation and duration of the program
The subsidy program applies solely to commercial streets where business development corporations (SDCs) or merchant associations constituted as a non-profit organization are established. The commercial streets are designated by the city’s executive committee. No commercial streets are currently designated.
Eligibility
In order to receive the subsidy, the applicant must submit an application within the required time period and must be deemed eligible for the subsidy before the work is undertaken.
Eligible work:
- Transformation of facades (doors, windows, display windows, architectural elements, masonry, exterior walls)
- Construction of building access points or permanent terraces
- Installation and alteration of signs and awnings
- Exterior lighting
- Structural elements, such as the building foundation, framing, sloped roof
- Interior renovation or expansion of the retail space
Application for payment
In order to apply for payment of the subsidy following the completion of the work, you must send all the following documents to [email protected]:
Work completion notice form
Summary of expenses form
Copies of bills for the work
Proofs of payment for the work
Copy of work permits and proofs of payment thereof
Photos of the building facade and the renovated spaces
The subsidy will be paid by cheque, in one installment.
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