Grants
The TDIA offers a variety of ongoing grants to help create a vibrant community.
Downtown Facade Grant
Terrace Downtown Area Improvement offers façade improvement grants to property and business owners in 2023.
We have $20,000 available to fund projects for our members and the amount of funding per project is matched at 50% to a maximum of 5,000, per grant application.
Not ready for a big renovation to your building? No problem! We support small projects such as building painting and sign renewal.
The 2023 application form is now available to download. Annual applications are typically reviewed in May, and if funds are unspent, are reviewed on a first-come, first-served basis after that.
Connect with us if you have questions: terracetdia@gmail.com.
Explore the $10.5 million Securing Small Business Rebate Program initiated by the Ministry of Jobs, Economic Development, and Innovation. Designed to assist small businesses in managing eligible expenses for commercial property crime and vandalism repairs, as well as implementing preventative measures, this program is a crucial support for our local businesses.
Administered by the BC Chamber of Commerce, the rebate program leverages a robust provincial network, comprising 100 chambers of commerce and boards of trade, along with diverse industry partners such as Business Improvement Areas. This collective effort ensures that businesses across all sectors and regions in the province are informed about the rebate and can easily apply for it.
Rebate Details:
Two types of rebates are available, both retroactive from January 1, 2023, through December 31, 2024.
Reparative Rebate:
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Relief for costs not covered by insurance or insurance deductibles.
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A one-time rebate of up to $2,000 for each of 2023 and 2024.
Preventative Rebate:
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Relief for costs incurred to prevent damage to commercial property.
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A one-time rebate of up to $1,000 for either 2023 or 2024.
Timeline:
The application portal is now open and will continue to accept submissions until January 31, 2025.
For more detailed information and to access the application portal, please visit the program webpage.
Any questions?
Contact the BC Chamber of Commerce at ssbr@bcchamber.org.
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Downtown Event Support Grant
Have an event in mind that will bring people together in our beautiful downtown core? Do you and other businesses want to work together to host a special event? TDIA has a grant fund of $5,000 to support downtown events.
Downtown Marketing Support Grant
The TDIA supports marketing of downtown initiatives that drive traffic to the downtown. Working together with downtown businesses, the TDIA will support marketing initiatives that are collaborative efforts between a minimum of three individual businesses working together with the view to attract visitors and shoppers to the downtown core. Download the grant application to learn more.