2021 Ontario Budget – Ontario’s Action Plan: Protecting People’s Health and Our Economy
- Ontario Small Business Support Grant - To help small businesses that have been most affected by the necessary restrictions to protect people from COVID-19, Ontario is providing a second round of Ontario Small Business Support Grant payments to eligible recipients.Small businesses who have been determined as eligible recipients of the Ontario Small Business Support Grant will automatically be entitledto a second payment in an amount equal to the first payment they received. They will not need to apply again to receive this additional funding. Approximately 120,000 small businesses will automatically benefit from an additional $1.7 billion in relief through this second round of support in the form of grants of a minimum of $10,000 and up to $20,000 — bringing the estimated total support provided through this grant to $3.4 billion.
To support Ontario's tourism, hospitality and culture industries that have been among the most heavily impacted by the COVID-19 pandemic, Ontario is investing an additional $400 million over the next three years in new initiatives to support these sectors, providing an estimated $100 million in one‑time payments of $10,000 to $20,000 to eligible small businesses. This builds on previously announced investments of $225 million, bringing the total to more than $625 million since the pandemic began. Businesses must demonstrate they have experienced a minimum 20 per cent revenue decline and have less than 100 employees to qualify. Applying online will be easy.
• Further details can be obtained at Ontario.ca/COVIDsupport.
• Any small businesses that received the Ontario Small Business Support Grant will not be eligible for this new grant.
March 25, 2021
Ontario News Release – Ontario’s Action Plan Doubles Ontario Small Business Support Grant
March 24, 2021
Ontario News Release – Ontario’s Action Plan: Protecting People’s Health and Our Economy
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