he Town of Bracebridge is pleased to continue its ongoing commitment to supporting local businesses and development through the 2023 Community Improvement Plan (CIP). Through a CIP, the Town offers strategic and flexible programs to financially incentivize the revitalization of key commercial, industrial, business, mixed-use, and tourist areas of Bracebridge.
The Town of Bracebridge offers a series of financial programs through a combination of grants and loans designed to leverage private sector investment to stimulate development and redevelopment. CIP programs provide up to 25% of the total cost of eligible projects including building, property, signage and façade improvements, energy efficiency retrofits, housing, and more. Applications for the 2023 programs are now being accepted on an ongoing basis or until funding is exhausted.
In 2022, the Town of Bracebridge contributed over $97,000 in grants towards projects that helped revitalize 32 local businesses, successfully leveraging an estimated $1,000,000 in private sector investment from the grant recipients. Projects include external façade improvements to 10 Manitoba Street (Ah Naturel) and 12 Manitoba Street (Rene’s Barbershop), property improvements at 8 Taylor Road, and more. The Town’s annual investment helps revitalize local businesses and strengthen Bracebridge’s economic wellbeing.
CIPs are used by municipalities to help address the reuse and restoration of lands, buildings and infrastructure, to address growth management challenges, to plan for rehabilitation, development and land-use change, and more.
To learn more about eligibility for the 2023 Community Improvement Plan and how to apply, visit bracebridge.ca/CIP.
“The Town of Bracebridge is committed to encouraging long-term economic development and growth and is proud to offer annual investments in our businesses through the Community Improvement Plan programs. These investments help to revitalize, refresh and enhance businesses through a number of streams to help improve and empower our growing local economy.”
– Rick Maloney, Mayor, Town of Bracebridge