25 Feb How Businesses Are Saving Money by Upgrading Their Storefronts
When it comes to making your storefront inviting, modern, and aesthetically pleasing, there are a number of upgrades that you can make that are eligible under the Economic Development storefront and façade tax incentive. Eligible upgrades include projects like new signage, decals and canopies. Paving, architectural design and landscaping are also some of the other eligible upgrades.
When a qualifying business submits an application for the storefront/façade improvement incentive, it is reviewed by the Economic Development Board. If approved, the business will receive a property tax exemption equivalent to 75% of the cost of the improvement to a maximum of $10,000. The exemption will be applied in the next calendar year after the completion of the improvement and will be spread equally over three years.
“We developed these incentives with a couple goals in mind” explained Economic Development and Coal Transition Coordinator, Richard Sadick. “The program will not only help to improve the appearance of your building façade but will also improve the look of our streetscapes and provide a more welcoming environment to work, shop and live.”
So, here is your chance to take advantage of this opportunity to update your aging facility and make your store attractive, accessible and modern. Even small changes can have a great impact on how customers enjoy their shopping experience and your business. To learn more about this incentive and the other incentives that are currently available, visit www.estevaneconomicdevelopment.ca. Here you’ll find detailed information about the program and how to contact us if you have any questions or simply call Rick Sadick 306-634-1843 for help.
*Terms and conditions apply. All applications are subject to the approval of the Estevan Economic Development Board.