Starting early the week of December 14, job creators who have experienced a 30% revenue loss due to the COVID-19 pandemic will qualify for the program, lowering the threshold from the existing 40% revenue loss requirement. This 30% threshold will be available to impacted businesses retroactive to March.
Alberta businesses affected by the public health orders in effect from November 6, 2020, and later will also be eligible to apply for a second payment through the program.
Job creators that meet the program’s eligibility criteria will be able to apply for 15% of their pre-COVID-19 monthly revenue up to:
- a maximum of $5,000 in funding for their first payment, and
- a maximum of $15,000 for their second payment.
Application intake for the second payment is not currently available but will open soon. More information, including updated eligibility criteria and how to apply for the second payment, will be outlined on Alberta.ca.