Toronto – The Councillor Alejandra Bravo (Davenport), Chair of the Economic and Community Development Committee and Councillor Shelley Carroll (Don Valley North), Mayor’s Champion of Economic Development & Culture announced $3.3 million will soon be made available to Toronto’s small business community as part of the Main Street Recovery and Rebuild Initiative (MRRI).
The $3.3 million in funding is made up of:
- $1.9 million provided for non-profits and Business Improvement Areas (BIAs) through MRRI’s Main Street Innovation Fund (MIF) and the Transit Expansion Construction Mitigation Grant (CMGP).
- $1.4 million to support renovations to retail spaces used by small businesses in neighbourhoods across Toronto through the Commercial Space Rehabilitation Grant Program (CSRG).
These MRRI programs have supported more than 325 local projects and delivered over $9.4 million in funding and grants to local small businesses, not-for-profits and BIAs since 2021. To date, MRRI has committed funding to support 664 entrepreneurs, small businesses and 113 community and business organizations. Funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), MRRI is improving the well-being and vibrancy of Toronto’s main streets. Success stories are available on the City’s website.