Small and Medium Enterprise Relaunch Grant
offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that were ordered to close or curtail operations, and that experienced a revenue reduction of at least 50%, as a result of the COVID-19 pandemic.
Eligible organizations can apply for 15% of their pre-COVID-19 revenue, up to a maximum of $5,000 in funding.
Businesses, cooperatives and non-profits can use these funds as they see fit to help offset a portion of their relaunch costs, such as implementing measures to minimize the risk of virus transmission, which could include:
- physical barriers
- purchasing personal protective equipment and disinfecting supplies
- paying rent and employee wages
- replacing inventory and more
The Government of Alberta has committed up to $200 million in funding for the program.
The program provides a one-time payment to organizations that saw a 50% revenue reduction in April or May 2020 due to the COVID-19 pandemic.
Grant funding amounts are calculated based on 15% of the eligible organization’s pre-COVID-19 monthly revenue up to a maximum of $5,000 per business, cooperative or non-profit organization.
Businesses, cooperatives and non-profit organizations that were ordered to close or curtail operations as a result of public health orders issued by Alberta’s Chief Medical Officer of Health may be eligible.
Applicants will be required to demonstrate a revenue reduction of at least 50% in April and/or May 2020 as a result of public health orders.
Application intake will remain open until August 31 or for 4 weeks following the start of Phase 3 of Alberta’s Relaunch Strategy – whichever is later.
Supporting Alberta businesses through relaunch
Masks are now available
at more than 700 partner restaurant locations, including those without drive-thru service, adding more than 100 new locations and expanding the availability of masks to Albertans. No purchase is necessary to pick up masks in restaurants, either at the counter or through drive-throughs.
A&W, McDonald’s Canada, and Tim Hortons partner restaurants are handing out eight masks per person for this distribution. Albertans are encouraged to pick up masks for family and friends to reduce traffic at partner restaurant locations. Masks will be available at restaurants while supplies last.
A larger number of long-term care and supportive living, seniors facilities, community groups, social service organizations, libraries, court houses and places of worship will be distributing masks to their residents, clients and members. Municipalities without easy access to a partner restaurant location are again being supplied with masks to distribute to their residents, as are First Nations communities and Metis Settlements.
Four million masks are being provided to 20 transit systems across Alberta to be used by transit riders.
FOSTERING DEVELOPMENT IN NORTHERN ALBERTA
Minister of Economic Development, Trade and Tourism Tanya Fir has appointed five members to the
Northern Alberta Development Council
to promote growth in northern Alberta including two from Grande Prairie.
- Cody Beairsto, reappointment – A partner in a family-run surveying and engineering firm founded 54 years ago in the Grande Prairie area. He previously served one year as president and four years as a member of the Grande Prairie and District Chamber of Commerce.
- Loretta Lieverse, new member (effective Sept. 14) – A partner with MNP’s Assurance Services team in Grande Prairie and recipient of the 2017 CPA Alberta Early Achievement Award for exceptional service to the accounting profession and to the community as a tireless volunteer. She also serves as a board member and chair of finance with the Phillip J. Currie Dinosaur Museum.
The council advances development in Alberta’s north and advises the government on economic and social development opportunities.
Alberta Petrochemicals Incentive Program
, part of Alberta’s Recovery Plan, will bring multi-billion dollar investments to petrochemical projects throughout Alberta, helping to strengthen and diversify the province’s economy and create new jobs for Albertans.
Government will work with industry over the summer to finalize the program guidelines. More details about eligibility, process, governance and reporting requirements will be available when the program is officially launched in early fall.