Ontario Small Business Grant Opens
Ontario's Small Business Grants portal is now OPEN!
Ontario is helping businesses recover costs for PPE and providing extra support for businesses required to close or significantly restrict services as a result of provincial public health measures.
The Ontario Small Business Support Grant is intended to help small businesses (including sole proprietorships) in Ontario that are required to close or significantly restrict services under Ontario’s provincewide shutdown effective December 26, 2020.
Eligible businesses can receive between $10,000 and $20,000. Starting at $10,000 for all eligible businesses, the grant will provide businesses with dollar for dollar funding up to a maximum of $20,000 to help with revenue losses resulting from government mandated lockdowns.
Businesses will be able to use the support however they see fit. For example, some businesses will use the support to pay employee wages, while others will need support maintaining their inventory.
Eligible small businesses include those that:
- Were required to close or significantly restrict services due to the Provincewide Shutdown being imposed across the province effective 12:01 a.m. on December 26
- Have fewer than 100 employees at the enterprise level
- Have experienced a minimum of 20 per cent revenue decline in April 2020 compared to April 2019
- Note: the application portal will provide alternative revenue decline comparator months for small businesses not in operation in April 2019 or April 2020.