Canada’s 2020 Fall Economic Statement highlights that the Regional Relief and Recovery Fund has helped over 15,000 businesses and saved over 100,000 jobs during COVID-19.
The Tourism Economic Development and Recovery Fund supports projects that improve Ontario’s visitation and visitor spending by developing innovative tourism products and/or services.
The Canada Emergency Business Account (CEBA) has increased their max interest-free loan size to $60K. Those who received CEBA already are eligible for additional funds.
The Quantum Leap Funding Program helps SMEs and Canadian universities develop innovative pharmaceutical solutions for safer drug options.
The Canada Emergency Rent Subsidy (CERS) is a rent relief program from the federal government in the wake of COVID-19.
A $24.8 million investment from the SDTC Tech Fund is providing nine Canadian businesses with the opportunity to research and develop sustainability projects focused on innovative clean technology.
Ontario’s access to skilled talent and the availability of financial support through Ontario Government Grants for Small Business are some of the region’s most attractive attributes.
The Indigenous Community Business Fund provides grants for First Nation, Inuit, and Métis businesses that have been affected by COVID-19.
Black-led organizations can access up to $3M for regional projects, or up to $5M for national projects to help Black Canadian entrepreneurs.
The Ontario government is looking to expand broadband and cellular infrastructure by granting up to 25% of eligible project costs.