- December 17, 2020
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Through the Co-Lending Program, eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program. How the scheme works. Facebook announced a $100 million grant for small businesses impacted by COVID-19 and ... announced its Save Small Business Fund that will provide $5,000 grants to small businesses … Other businesses and agriculture customers can access support on a one-on-one basis. For the vast majority of businesses, the Canada Revenue Agency will temporarily suspend audit interaction with taxpayers and representatives. Visit our Small Business Help Center to learn more. By deferring loan payments, you are not paying the loan principal, and this means you will pay more interest over the life of the loan. Read the provincial plan, Opening soon: Alberta’s relaunch strategy, here. For more information on the current public health measures in place, please visit: Mandatory public health measures | Alberta.ca. We have a single application form for the business grants we administer that are related to COVID19 and available from November 2020. It is reasonable for the municipality to ask businesses to remind employees or customers of the rules. Curbside pickup, delivery and online services are encouraged. Loans and cash advances Borrowing options for new and growing Alberta small business… It provides local businesses and business organizations with flexible funding in order to relaunch and strengthen their business models. Share via Text Message; REGINA — The Saskatchewan government is reviving an emergency grant program for small businesses that have been hit by restrictions aimed at stemming … Canada’s large banks have confirmed that this support will include up to a 6-month payment deferral for mortgages, and the opportunity for relief on other credit products. Note I will be tracking this allocation closely to determine how it relates to businesses. This may include situations such as pay disruption, childcare disruption, or illness. On April 30, 2020, the Alberta government released a phased approach to reopening Alberta’s economy while still following public health guidelines and some restrictions. https://www.ic.gc.ca/eic/site/101.nsf/eng/00102.html, COVID-19 challenge – Low-cost sensor system for COVID-19 patient monitoring. The one-week waiting period for Employment Insurance benefits has been waived by the federal government. The leave does not apply to self-employed individuals or contractors. It is extending the term of mineral agreements expiring in 2020 by 1 year to provide increased certainty for industry by allowing additional time to raise capital and plan future activities. The funding will be provided to adult homeless shelters, women’s emergency shelters and the Family and Community Support Services (FCSS) program, which supports municipalities and civil society organizations in providing services to vulnerable Albertans. UPDATED FAQs: What Canadian exporters need to know about the coronavirus (COVID-19). For other business and agriculture customers, ATB will work with customers on a one-on-one basis and further solutions are being considered at this time. Changes to the Employment Standards Code will allow full and part-time employees to take 14 days of job-protected leave if they are: required to self-isolate or caring for a child or dependent adult that is required to self-isolate. Federal Overview Here is a good overview of the federal plan: https://www.canada.ca/en/department-finance/economic-response-plan.html#business Wage Subsidy CEWS would cover 75% of an employee’s wages, up to $847 per week, for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15% in March, and 30% in April and May. Children's play places or indoor play grounds. Financial institutions will refer to EDC and BDC their existing clients whose needs extend beyond what is available through the private sector alone. Individual termination entitlements remain in effect. Employers must still give group termination notices to the Minister of Labour and Immigration as soon as is practical. Resources for Small Businesses Affected by COVID-19 Business Link 2020-07-08T11:22:03-06:00 Home > Resources for Small Businesses Affected by COVID-19 We’re Here to Help Banks have a longstanding history of standing by Canadians through challenging times, like now. Masks are mandatory in all indoor workplaces, except when working alone in an office or a safely distanced cubicle or an appropriate barrier is in place, This applies to all employees, visitors, delivery personnel and contractors, This includes all locations where employees are present and masks won’t pose a safety risk, This change is retroactive for temporary layoffs related to COVID-19 that occurred on or after March 17. We are specifically looking for prototypes that fall within technology readiness level (TRL) 7 to 9. https://www.ic.gc.ca/eic/site/101.nsf/eng/00101.htmlCOVID-19 Challenge: Made in Canada filtration material for the manufacture of N95 respirators and surgical masks. The person must meet Alberta’s published criteria for self-isolation which includes persons who are the sole caregiver for a dependent who must self-isolate or have been directed by Alberta Health Services to self-isolate. Alberta’s government is expanding its relaunch grant to help small and medium-sized job creators impacted by new COVID-19 restrictions. Prime Minister Justin Trudeau said a small contingent of military personnel would remain at four of the care homes until the COVID-19 situation is stable, while 10 teams of seven would be ready to deploy in case of an emergency. Consult our guide to see what your municipality is doing to support businesses in your community. Grants; Services; Loans; Credits; Other types of financing; Read about small business loans offered by organizations throughout the province, and across the country. Contact Alberta Business Grants right now. Customers can apply for a deferral on their ATB loans, lines of credit, and mortgages for up to six months. Note: applications for this program are now closed. Alberta announces COVID-19 support for small businesses "We have reports saying that 40 per cent of these small businesses may not be able to turn the lights back on if we don't provide them with supports." This will double the maximum annual GSTC payment amounts for the 2019-20 benefit year. To limit the spread of COVID-19, the Government of Canada advises that you avoid all non-essential travel outside of Canada until further notice. Why is it taking so long? Festivals, parades, events, concerts, exhibitions, competitions, sport and performance remain prohibited. In response to the coronavirus pandemic, HHS is awarding emergency grants and cooperative agreements funded under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, 2020 [P.L. The federal government is also proposing that employers eligible for the CEWS be entitled to receive a 100% refund for certain employer contributions to Employment Insurance, the Canada Pension Plan, the Quebec Pension Plan, and the Quebec Parental Insurance Plan paid in respect of employees who are on leave with pay. We understand the urgency of the situation and have mobilized all BDC teams to respond as quickly as possible. Businesses can now … How much loan money can my small business get? Financing your new business ; Financing for innovation; Canada Small Business Financing Program; Canada Job Grant; BDC Small Business Loans; Services and information. Provincial employment rules only require employers to provide vacation pay, vacation leave or pay banked overtime within a year of it being earned. Bethlehem plans to offer up a second round of grants to small businesses hurt by recent COVID-19 restrictions, like restaurants and bars, stores and entertainment business… For small and medium businesses, the government will cover 50% of the 2020 premium when it is due in 2021 – saving businesses $350 million. If your company is one of them, this ever-growing list of resources may benefit your business. CFIB’s Alberta legislative team is working to make sure government officials know what your business needs are. This action will allow Canada’s large banks to inject $300 billion of additional lending in to the economy. ), public indoor spaces (retails, churches, etc. The Government of Alberta announced measures effective November 13, 2020 to curb the rapid growth of COVID-19. Small businesses are encouraged to do their part to keep their employees, customers, and themselves healthy. Full and part-time employees can access 14 days of job-protected leave for the purpose of self-isolation related to COVID-19, retroactive to March 5. Provides an overview of the Small and Medium Enterprise Relaunch Grant, which offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that were ordered to close or curtail operations as a result of the COVID-19 pandemic. To qualify, these organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019. There are new grant schemes available across the UK to support small businesses during the Coronavirus outbreak. Guidance for local authorities setting out details of the Small Business Grants Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF). For more detailed information, please visit the. The program provides Employment Insurance (EI) benefits to eligible employees who agree to reduce their normal working hours and share the available work while their employer recovers. Allows up to 15 weeks of assistance if a person cannot work due to medical reasons such as self-isolation or self-quarantine. https://www.alberta.ca/release.cfm?xID=69828242A5FFC-D75A-C83E-690D8028C0C4E09F. Description. Grants of up to $5,000 to Alberta places of worship and cultural organizations to mitigate the adverse impact of COVID-19. Amherst Small Business COVID Recovery Grants Program The town of Amherst has been awarded federal funds through the CARES Act to support local small businesses hardest hit by the COVID-19 pandemic. The federal Minister of Finance released a long press release with several financial announcements. Credit union members will have access to a variety of programs and solutions designed to ease difficulties with loan payments and short-term cash flow. How do I access BCAP? The Oklahoma County Small Business and Nonprofit Grants program will provide up to $100,000 for either lost revenue due to COVID-19 or reimbursement of payroll, rent, utility, and other operational expenses. Canada’s six biggest banks have made a commitment to work with small business customers on a case-by-case basis to provide flexible solutions to help them manage through these challenges. JOIN CFIB today for more help and information. The Government of Canada is proposing to provide a one-time special payment by early May 2020 through the Goods and Services Tax credit (GSTC). Topics in this Article: Employment and LabourTaxes. We are implementing a six-month, interest free, moratorium on Alberta student loan payments for all Albertans in the process of repaying these loans. We will provide you with expert advice to guide you through this difficult time, as well as templates and policies that prevent viral transmission in the workplace. 116-127] … Valley Community Development Corporation will act as Program Administrator for the application and selection process to award one-time grants up to $10,000 for businesses located in … CFIB is encouraging municipalities to ensure that education and awareness remain the focus and take care that small businesses are not made entirely responsible for actions beyond their reasonable control should such a bylaw be put in place. There is grant money waiting for YOU! Published 24 March 2020 Last updated 7 … This page will be updated with any information about EXIM’s response activities. Alberta had an Emergency Isolation Support program that offered paid leave for employees without access to EI for receiving benefits like vacation time or sick leave. The bylaw does not include schools, hospitals, or child care centres. Explore government funding programs that support small business development and growth in Alberta. The Alberta government has expanded a grant program for small businesses that have taken a large financial wallop during the pandemic. https://www.canada.ca/en/department-finance/economic-response-plan/wage-subsidy.html. ), public indoor spaces (retails, churches, etc. Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. Facebook is offering $100M in cash grants and ad credits to help during this challenging time. Alberta: COVID-19 relief measures for your business The information you need to run your business changes rapidly, and it can be hard to keep track and make sense of it all. If a business is found without required signage or failing to request customers wear a mask or face covering, they should be informed of the requirement without any fines or penalties. The Alberta Government is funding the Alberta Energy Regulator industry levy for a 6 months, achieving $113 million in industry relief. The Business Credit Availability Program (BCAP) will allow the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to provide more than $10 billion of additional support, largely targeted to small and medium-sized businesses. Starting August 1, 2020, masks will be required on public transit, in public vehicles for hire (taxi, rideshare, etc. This video explains how to search for government grants that support small business. BDC and EDC are cooperating with private sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation and tourism. https://www.canada.ca/en/global-affairs/news/2020/03/government-of-canada-to-provide-financial-assistance-to-canadians-abroad.html, More Information: https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection/latest-travel-health-advice.html, We are seeking prototypes that can help combat current and future outbreaks of the novel coronavirus (COVID-19) and other similar threats. But, since June, the state only sent about $1 million out. For more details, contact your financial institution. Shopping malls will be limited to 15 per cent of fire code occupancy. Grants, contributions and The most important phrase on the government travel advisory website is “New restrictions may be imposed with little warning.”. Two grant streams are available: (1) grants for individual businesses that need help to reopen or pivot business models as a result of COVID-19 and (2) Grants for business associations, organizations and economic development groups that are supporting business recovery and local economic development. We will also continue putting pressure on governments to give your business greater relief—including direct income support. Businesses should be permitted to take a customer at their word in determining if they qualify for any exemption from a mandatory mask rule. Restaurants, pubs, bars, lounges and cafes. https://www.ic.gc.ca/eic/site/101.nsf/eng/00100.html, Identify false information and mitigate its effects on generating a true common operating picture, predicting behaviors, and supporting decision making of leaders, small specialized units and information systems; and Deliver supply to isolated individuals and teams. 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