City of Cambridge – Core Areas Financial Incentives: Commercial Building Restoration, Renovation and Improvement Grant Program

Description:

This grant has the potential to leverage significant private sector investment in interior building renovations and improvements, and help address the costs involved with renovations.

Comments on Funding:

The program will be matching grants of up to 50% of eligible costs up to a maximum grant amount. If the building is a single commercial floor, the grant amount will be $50,000 per property. If the building is two or more floors of commercial use, the grant amount will be up to $100,000 per property.
The maximum grant may increase by $5,000 for the inclusion of enhanced accessibility elements. This will bring the total maximum funding amount to $105,000.

Eligibility:

  • Applicants must be property owners looking to develop, preserve, beautify and enhance Cambridge’s core areas (Galt City Centre, Preston Towne Centre, Hespeler Village);
  • This program is restricted to the conversion of vacant, residential, or underutilized space to use as: a restaurant, market or Place of Assembly related to arts, culture, and/or recreation or rehabilitation of existing, or conversion of space for commercial use.

Other Things To Note:

For Information Contact: Economic Development at (519) 740-4685 or e-mail: Invest@cambridge.ca .

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