Businesses

Main Street Recovery and Rebuild Initiative (MRRI)

To assist small businesses to recover from the impacts of the COVID-19 pandemic, the City of Toronto has partnered with the Government of Canada, through the Federal Economic Development Agency of Southern Ontario (Fed Dev Ontario), to deliver a suite of supports to businesses, BIAs and not-for-profits under the banner of the Toronto Main Street and Rebuild Initiative (MRRI). The City is receiving $18 million in funding for MRRI programs from Fed Dev Ontario between July 2022 and March 2025.


On-going (non-MRRI) Supports for Small Businesses, Business Associations, and Incubators

The following are long-standing City-funded grant and incentive programs offered by EDC to support small businesses, business associations and incubators.


Business Improvement Areas

A Business Improvement Area (BIA) is made up of commercial and industrial property owners and their non-residential tenants who join together under a volunteer Board of Management (BIA Board) to carry out improvements and promote economic development within their designated area. The financing of BIA operating budgets is raised by a special property tax levy on the commercial and industrial properties within the BIA boundary.  

The City funds a portion of the capital projects undertaken by BIAs for streetscaping under the BIA Capital Cost-Sharing Program, an incentive program offered to the City’s BIAs that leverages investments from BIAs to improve, beautify, enhance and brand Toronto’s unique neighbourhoods.

To learn more about BIAs in Toronto, visit Business Improvement Areas – City of Toronto.


Partnering with City Divisions and Agencies to Support Small Businesses

EDC works closely with other City divisions and agencies to support the development and implementation of City policies, programs, services, partnerships and events that support small business success and vibrant main streets. Key recent initiatives include:


Other Funding Sources for Small Businesses

Scroll to Top