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Business Retention and Expansion Final Report - City of Brantford

Business Retention and Expansion Final Report - City of Brantford

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6274% <strong>of</strong> businesses said that the downtown should build on the current mix <strong>and</strong> develop a cluster <strong>of</strong> stores/services<strong>of</strong>fering related products to a similar market segment.Parking:Fifty-six percent (56%) <strong>of</strong> respondents say their customers typically park on the street, 27% park in a customer parkinglot they own or rent, <strong>and</strong> 18% park in a municipal/public parking lot.Forty-eight percent (48%) <strong>of</strong> respondents say they <strong>and</strong> their employees park in a customer parking lot they own or rent,32% park in a municipal/public parking lot <strong>and</strong> 12% park on the street right in the closest available spot.Financial Assistance:When asked if the business owners knew if the community <strong>of</strong>fers any financial assistance programs to its businesses,49% said they didn’t know, 41% said yes, <strong>and</strong> 9% said their community did not.Incentives included <strong>and</strong> percentages <strong>of</strong> businesses that were aware <strong>of</strong>the incentives are:IncentivePercentDevelopment charges exception 15%Development application fee exemption 9%Sign permit exemption 8%Building permit fee exemption 8%Grants <strong>and</strong> loans - design assitance 14%Grants <strong>and</strong> loans - building façade program 17%Residential conversion 14%Building rehabilitation 17%Brownfield redevelopment assistance 15%Brownfield tax increment financing program 13%Of the types <strong>of</strong> incentives listed, most have not used them or felt they would not apply for the incentive. One businessused the Sign Permit Exemption, two used Design Assistance <strong>and</strong> one (1) used a Building Façade Program.

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