Photo: The Old East Village retail corridor
FOUR DOWNTON RETAIL districts ― Dundas Street downtown, Hamilton Road, Old East Village and Richmond Row ― have been announced as recipients of My Main Street funding — a $23.25 million investment by the Government of Canada and delivered in partnership by the Canadian Urban Institute and the Economic Development Council of Ontario to support the revitalization of 200 neighbourhoods across Southern Ontario.
Each district will receive $100,000, which will be further divided into grants of $10,000 given to new and existing businesses.
Story Continues Below
That process will be administered by the London Small Business Centre (SBC), which is in the process of hiring a “business ambassador” to manage and guide supports and resources offered by My Main Street, the London Small Business Centre and other community partners.
The SBC took the lead on applying for My Main Street funding, backed by a city investment of $57,500 to support the initiative, which was part of a $10-million fund earmarked for pandemic recovery efforts.
“We are delighted to bring this program to London and excited to be working with the Business Improvement Area organizations in these districts to complement their ongoing economic recovery efforts,” says SBC executive director, Steve Pellarin. “The revitalization of these streets will contribute to the overall economic development of our community.”
Story Continues Below
An additional 10 London organizations, including the London Arts Council and various city BIAs, will receive federal and provincial funding through a separate Main Street funding supporting individual projects or events.
With news media at a tipping point, an independent Spanish newspaper is managing to find new ways to grow
3-130 Windsor Crescent: $779,000 for a spacious and modern two-storey condo in Old South
A summary of recent commercial real estate activity in London
Surge of supply: London home inventory is now at its highest level since 2015, but buyers remain reluctant
Startup SaaS platform Appello aims to give smaller commercial subcontractors a leg up in field workforce management
Flim London manager Andrew Dodd chats about the art of attracting film production to London, building a hometown location library…