Ontario Provides More Than $1 Billion In Support for Small Business: Funding is Helping Eligible Business Owners Affected by the COVID-19 Restrictions
The Ontario government has to-date provided more than $1 billion through the Ontario Small Business Support Grant to help eligible business owners affected by the COVID-19 restrictions. The grant provides a minimum of $10,000 to a maximum of $20,000 and can be used in whatever way makes the most sense for individual businesses; from paying employee wages, to offsetting the cost of rent, to purchasing inventory. Applications are still open until March 31, 2021 and a detailed step-by-step instructional video on the application portal is available to help guide applicants through the process.
Eligible small businesses can also apply for additional financial supports including the newly expanded Main Street Relief Grant, which provides up to $1,000 to help offset the costs of purchasing personal protective equipment (PPE).
The government is also providing eligible businesses with rebates for property tax and energy costs. Grant programs are available through a simple online application, and businesses can learn more by visiting Ontario.ca/COVIDsupport.
Ontario is also helping small businesses go digital in order to reach more customers through the $57-million Digital Main Street program, supported by the federal and provincial government. This initiative is expected to help up to 22,900 Ontario businesses create and enhance their online presence by April 2021.
Small businesses can visit ontario.ca/smallbusiness to learn about the many supports available to them. These include resources to find Ontario-made PPE through the Workplace PPE Supplier Directory, tailored local support through the Small Business COVID-19 Recovery Network, and obtain free financial advice.
For more details on business supports please visit: https://news.ontario.ca/en/release/60510/ontario-provides-more-than-1-billion-in-support-for-small-business