Commercial Development Grant
Your Business, Our Support: The Perfect Match for Growth
The Town of Riverview is open for business, and offers a competitive non-repayable development grant for commercial and mixed-use construction projects. Property owners that plan to develop, redevelop, infill, expand or engage in construction activity on underdeveloped or vacant commercial land are eligible to apply.
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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.
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
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.