May 17, 2023
Montreal city hall says it plans to simplify access to financial relief for businesses affected by major municipal construction work by launching a $5,000 lump-sum grant.
“This unprecedented move is being made in order to help a larger number of businesses and to overcome the limitations of the old program,” the statement said. It did not say how much the program will cost.
The executive committee approved the program with a budget of $4.5 million at a special meeting on Friday. The new program is in addition to the city’s older aid program, which offers up to $40,000 per eligible financial year.
Businesses in areas affected by municipal construction work or construction carried out by the Société de transport de Montréal would be able to apply for the new and old programs.
Unlike the older program, the $5,000 grant will be available at the start of construction and will not be conditional on lost profits. Eligible businesses must be tenants or owners of their building and be located in an area where work blocks vehicle traffic for at least six months.
