Funding opportunities
Explore various funding options, including grants tailored for businesses in the downtown Terrace area.
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.
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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.
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Rebate Details:
Two types of rebates are available, both retroactive from January 1, 2023, through December 31, 2024.
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Small Business Rebate Program update (March 2024)
New changes to the program include:
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No need to provide insurance claims for the reparative stream—just insurer info.
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Self-installation is now accepted for equipment rebates.
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Vandalism requirement removed for preventative rebates.
Plus, the 2023 application deadline is gone! Apply anytime before 2025.
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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.
DOWNTOWN FACADE GRANT​
Terrace Downtown Area Improvement offers façade improvement grants to property and business owners in 2024.
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We have $35,000 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.
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Not ready for a big renovation to your building? No problem! We support small projects such as building painting and sign renewal.
The 2024 application form is now available to download. This grant is possible in part thanks to the Northern Development Initiative Trust.
Annual applications are typically reviewed in May, and if funds are unspent, are reviewed on a first-come, first-served basis after that.
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Connect with us if you have questions, or download the application package for more details.
Do you need a letter of consent from your property owner?
LANDSCAPING
GRANT
Businesses seeking to bolster the outside appearance of their premises through measures such as hanging baskets, pots and planters, line property pathways, window sill boxes and improved lighting are invited to apply to TDIA.
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Eligible applicants can receive a matching grant of up to $1000. This grant opportunity remains open and available until our budget of $5,000 is fully allocated. To get started, please download your application package and email it to us.
DOWNTOWN MARKETING SUPPORT GRANT
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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.