New commercial tax incentive

Could your business use a little facelift? Planning on some renovations?

Here’s some important data to consider if you don’t think your business needs a make-over:

Survey results found that 95% of consumers consider a store’s exterior appearance an important factor when deciding upon a place to shop, and more than half will avoid a store if the exterior appears to be poorly maintained. On the other hand, another poll found that 80% of customers would be willing to try a new store if the exterior was clean and inviting – making it clear that these first impressions have a significant impact on your bottom line.

There is a draft bylaw being considered by Town Council that may provide some municipal tax exemptions to free up room in your budget for your upgrades.

The exemption program shall be considered open from February 1, 2023 until December 31, 2032.

There are some criteria in place and more details are outlined in the draft bylaw provided here.

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