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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
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 recovery plans: Acting now
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.
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.
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