Commercial Development Grant
Your Business, Our Support: The Perfect Match for Growth
In order to support new commercial growth in our community, the Town of Riverview now offers a competitive, non-repayable development grant to support businesses of all sizes—from small and medium enterprises to large-scale operations.
Eligibility
The Commercial Development Grant is open to commercial/non-residential, mixed-use, and multi-residential projects, provided at least 50% of the ground floor is dedicated to commercial use. The grant can be combined with the Town of Riverview Housing Accelerator Fund (HAF) – Affordable and 3-Bedroom Unit Development Grant to boost the development of mixed-use projects.
Property owners interested in developing, redeveloping, infilling, expanding, repurposing, or undertaking other construction activities on underutilized, vacant, or parking lot sites zoned for commercial use within Town boundaries—such that the provincial assessment of the completed project increases by at least $200,000—are eligible to apply.
Bonus funding is available to support high demand and formally-studied sectors, such as:
- Projects that include healthcare facilities. These projects may receive $25,000 for each new primary care physician who establishes a practice within a clinic that is part of the development, up to a maximum of $125,000 (5 primary physicians).
- Projects that include short-term overnight accommodations. These projects may receive $15,000 for each hotel operation firm.
Successful applicants will receive a percentage of the assessed property value post-project completion. The grant will be administered on a declining scale over five (5) years.
Apply today by completing the Application Form and submitting it to economicdevelopment@townofriverview.ca.
If you are considering a project that is still in the ideation phase, we encourage you to submit an Expression of Interest.
BOOK A MEETING
Home to an educated workforce and the highest disposable income levels in the region, Riverview is brimming with opportunity for your business. Whether you’re a small, medium, or large-scale business that is developing a retail store, restaurant, health clinic, or tourist accommodation, we have you covered. Riverview is close to major business hubs and represents a unique tourism corridor to the nationally renowned Bay of Fundy. Choose us for your next project - we understand you need the right formula to succeed, and we have just the grant you need. To learn more about what makes Riverview a great place to develop, visit Invest in Riverview.