We hope everyone has a safe and healthy weekend!
We understand that COVID-19 has affected all aspects of your business and personal lives. 

 We are here to help you focus on a positive outcome!  

Please share with us any issues, concerns, questions, good news stories and any innovative ideas you have!
This evening, before we share any government program updates and announcements, we would once again like to take a moment to express our deepest condolences to all the families and communities in Nova Scotia who have suffered an unimaginable loss this past weekend.

At 7pm tonight, an  Online Vigil: Nova Scotia Remembers   will take place. The Virtual Vigil will feature musical tributes, messages of support and hope from dignitaries and notable figures who have a special connection to Nova Scotia. This is available on Facebook, several TV stations and radio.
Islanders offer condolences to Nova Scotians

The Island Book of Condolence is now available to anyone wishing to offer their sympathies to Nova Scotians following last weekend’s tragic event.

Islanders are invited to honour the victims, their families and loved ones by sharing an online message of condolence at  www.princeedwardisland.ca/nscondolences .  

MOST UP TO DATE PEI COVID-19 INFORMATION
OPEN - Essential business list for Kensington & Area
available HERE

(send additional information HERE )
Are you open and your name is not on this list, please contact Julia and give her your information! 902-836-3209
Canada Emergency Wage Subsidy: APPLICATIONS OPEN MONDAY
The Canada Revenue Agency will open the application process on April 27.

CEWS claims will be subject to verification by the CRA, therefore the CRA will begin to release funds for approved applications on May 5. To get ready, the CRA has released instructions on what you need to do, a wage subsidy calculator and enhanced eligibility information. READ MORE HERE
PROVINCIAL GOVERNMENT
Finance Minister Darlene Compton provided an update to the province’s financial and economic position
Finance Minister Compton welcomes the oversight the Auditor General will offer to ensure programs and services developed to address the impacts of the COVID-19 pandemic are delivered to meet their intended targets, and Island taxpayer dollars are spent responsibly. The Department of Finance is committed to maintaining strong lines of communication and transparency to support this important oversight work.

FEDERAL GOVERNMENT
Prime Minister announces partnerships with provinces and territories to deliver the Canada Emergency Commercial Rent Assistance for small businesses

the federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program will lower rent by 75 per cent for small businesses that have been affected by COVID-19.


The government is also providing further details on the program:
·         The program will provide forgivable loans to qualifying commercial property owners to cover 50 per cent of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.
·         The loans will be forgiven if the mortgaged property owner agrees to reduce the eligible small business tenants’ rent by at least 75 per cent for the three corresponding months under a rent forgiveness agreement, which will include a term not to evict the tenant while the agreement is in place. The small business tenant would cover the remainder, up to 25 per cent of the rent.
·         Impacted small business tenants are businesses paying less than $50,000 per month in rent and who have temporarily ceased operations or have experienced at least a 70 per cent drop in pre-COVID-19 revenues. This support will also be available to non-profit and charitable organizations.
 
The government continues to assess and respond to the impacts of COVID-19, and stands ready to take additional actions as needed to stabilize the economy and mitigate the impacts of the pandemic.
CBDC s Deliver Rural Emergency Working Capital Loans
The Government of Prince Edward Island and Community Business Development Corporations (CBDC) on Prince Edward Island understand the difficulties the COVID-19 pandemic has caused businesses in our communities.  As a result, the Government of PEI has made funds available for CBDC to administer an Emergency Working Capital loan program (EWC) to help provide relief for the impacts our communities are encountering as a result of the current disruption to business.

Click HERE to read more!
Check out the Business Resilience Network Website