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Facade Appeal Comprehensive Enhancement (FACE) Commercial Grant Program

ByMaurice

Amount:$10.000  Type of Program:Grants Description:The Enhancement (FACE) Grant Program endeavors to enhance the physical appearance and economic vitality of commercial properties by providing funding and cash incentives to property owners/businesses for redesign, renovation or restoring the properties facade. Comments on Funding:Funding is $10,000 for one property (with a clear civic address). Cash incentives will be provided…

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Economic Diversification and Growth Enterprise (EDGE) Program

ByMaurice

Amount:No Fixed Amount Type of Program:Rebate Description:The Economic Diversification and Growth Enterprises (EDGE) Program provides incentives to encourage significant new business investment in the province to help diversify the economy and stimulate new private sector job creation, particularly in rural areas. The City of Corner Brook participates in the Provincial Economic Diversification and Growth Enterprise…

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Business Tax Incentive

ByMaurice

Amount:No Fixed Amount Type of Program:Tax Credit Description:The City of Corner Brook generous tax incentives to new businesses locating in the Lundrigan Business Park, Watson’s Pond, and Maple Valley Industrial Parks. Comments on Funding:Businesses that meet the requirements are entitled to the following incentives: 1100% exemption for the first year when that business would otherwise be…

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Business Improvement Program (BIP)

ByMaurice

Amount:$10.000  Type of Program:Tax Credit Description:The Business Improvement Program (BIP) encourages businesses to invest in storefront improvements and landscaping enhancements. The program provides credit to both property and business taxes, as applicable. Comments on Funding:Funding is a tax credit which covers 50% of approved expenses on improvements (net of HST) up to a limit of $10,000….