A new support grant out of Queen’s Park is aimed at supporting small businesses through the latest round of COVID-19 lockdowns.
The Ontario Government has begun taking applications for the Ontario Small Business Support Grant, which could provide a minimum of $10,000 and up to $20,000 to eligible applicants. Those small businesses that have had to restrict their operations due to the province-wide shutdown are invited to apply.
Applications can be found online.
“As Ontario’s employers do their part to defeat COVID-19, they are facing unprecedented challenges as a result of this global pandemic,” said Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board. “While we still have a lot of work ahead of us, we can all look confidently to the future as we resolve to do our parts and put COVID-19 behind us.”
Eligible businesses include those that were required to close or significantly restrict services, have fewer than 100 employees at the enterprise level, or have experienced a minimum of 20 percent revenue decline in April 2020 compared to April 2019.
“Small businesses are the heart of Ontario’s economy,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “The Ontario Small Business Support Grant will help thousands of small businesses get through this difficult time, while strengthening our province’s economic recovery.”