Montreal's New Business Aid: Simplified, Expanded

0:00It's March 23rd. This is Canada News today, your AI-powered local news. Montreal's mayor, Saraya Martinez-Ferrata, announced an expansion of financial aid for businesses hurt by major construction projects. The program now covers more than 20 zones across the city, including busy spots like Santa Catherine West, Flurry, Barry Day, Maisonneauv, Art, Day Day, Maisonneauv, Loremier, and Notre Dame. This move aims to keep local shops running strong amid the disruptions. Officials merge two old programs into one simpler system. Businesses can now apply online without piles of paperwork, making it quicker and easier to get help. Qualifying shops, rentals, or service spots can receive up to $40,000 per fiscal year. City leaders highlighted how construction splits streets like Stanley, leaving some businesses out before. They adjusted zones so both sides qualify now, protecting the downtown energy and supporting merchants through tough times.

1:01Key updates include a fast $5,000 lump sum payment up front. Processing for the next installment drops from over 150 days to much less. Elgeability E2, with just three months of nearby work needed instead of six, plus a 5% drop in profits in visible traffic issues. These changes come right as big projects ramp up, giving businesses better tools to stay afloat, and keep the city's commercial hard beating.