Commercial Development Grant
Your Business, Our Support: The Perfect Match for Growth
The Town of Riverview offers a competitive non-repayable development grant for mixed-use, multi-residential projects that allocate at least 50% of the ground floor's real estate for commercial use. Property owners that plan to develop, redevelop, infill, expand, or engage in construction activity on underdeveloped or vacant commercial land are eligible to apply. Apply today by filling out and submitting the Application Form 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.
Submit Expression of Interest
Successful applicants will receive a percentage of the assessed economic value post-project. The grant will be administered on a declining scale over a number of years:
Projects valued less than $5,000,000 = grant over 5 years
Projects valued more than $5,000,000 = grant over 10 years
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 developing a retail store, restaurant, 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.
Eligibility
Non-residential and mixed-use development projects that are eligible include:
- A significant expansion project that increases the existing property value by a minimum of $500,000
- Development, redevelopment, infill or construction activity on vacant land, underutilized sites, or parking lots
Our economic development experts are on-hand to help you with all of your development needs. Contact us today to get started or download our program criteria and application for more information.