NEWS AS OF DECEMBER 23, 2020
In light of the new government announced lockdown:
Ontario Announces Small Business Support Grant
With the provincial lock down announcement new business supports will be made available including the new Ontario Small Business Support Grant, which will provide a minimum of $10,000 and up to $20,000 to help small business owners during this challenging period.
Small businesses required to close or restrict services under the Provincewide Shutdown will be able to apply for this one-time grant. Each small business will be able to use the support in whatever way makes the most sense for their individual business. For example, some businesses will need support paying employee wages or rent, while others will need support maintaining their inventory.
Eligible small businesses include those that:
Are required to close or significantly restrict services due to the Provincewide Shutdown being imposed across the province effective 12:01 a.m. on December 26
Have fewer than 100 employees at the enterprise level
Have experienced a minimum of 20 per cent revenue decline in April 2020 compared to April 2019.
Further details, including how to apply for the Ontario Small Business Support Grant, will be announced in January 2021.
Government of Canada provides additional Relief Funding to Grand Erie Business Centre
The Grand Erie Business Centre announced businesses in Haldimand County and the Township of West Lincoln may be eligible to benefit from additional funding through the Government of Canada’s Regional Relief and Recovery Fund.
Grand Erie Business Centre has an additional $1,360,000 available in RRRF funding to distribute to eligible local businesses. In order to provide targeted assistance to the small towns and communities we serve, Grand Erie Business Centre is focusing on assisting a range of businesses in our region with loans up to $40,000.
Interested in applying?
Please visit the Grand Erie Business website for more information on eligibility and the application process
Please note that the Grand Erie Business Centre offices will be closed from December 25th- January 4th, and staff will be unavailable during this closure. Any questions or requests for assistance can be sent directly to Robert Manning at 905-765-5005 or [email protected]