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Support for businesses
Montréal’s businesses are dealing with tough times. Many sectors are feeling the effects of the pandemic. To support its economy, the city is launching a series of programs and measures for merchants, private companies/collectives and support organizations.
Programs and measures
Montréal and partner organizations are offering a number of specific measures to help merchants and support them financially during the crisis.
Social economy businesses
Social economy businesses, co-ops and non-profits can get financial support, free advisory services and training through city-funded organizations.
Businesses in all sectors of activity can count on support from Montréal and key players who are involved in economic development
- Open Innovation Subsidy Program for Startups
- Free support to help 450 small Montréal businesses recover
- Access to microcredit: $850,000 for small and new businesses
- Acting to enliven public spaces: Existing art works and installations
Non-profit organizations (NPO)
Montréal supports NPOs in its economic ecosystem. Through calls for projects, non-profit organizations can get funding to carry out innovative projects for businesses in various sectors.
For owners and companies, the 2021 municipal property tax instalments have been delayed. The first instalment is now due on June 1 and the second instalment is due on September 1. The annual tax accounts for the year 2021 will be sent out at the end of February.
For merchants near a commercial development corporation area, the 2021 SDC dues instalments have been delayed. The first instalment is now due on June 1 and the second instalment is due on September 1. The dues for the year 2021 will be sent out at the end of February.
Economic stimulus plans and measures
2021 plan: Acting now to prepare recovery
This plan provides for a $60 million investment and includes 10 support measures that are a continuation of the first recovery plan. It aims to support sectors that have been made more fragile by the crisis; to set the stage for a green, resilient and inclusive recovery; and to mobilize all partners around the city’s recovery.
Specific support measures for the downtown area
Montréal is partnering with the Québec government to invest $25 million in a series of tangible measures to revitalize this area, which has been hit hard by the crisis.
2020 plan: A Boost for the City: Acting Now
The economic recovery plan titled “A Boost for the City: Acting Now” earmarked a $22 million envelope and set out a series of tangible measures that are in force through December 31.