New Programs for Supporting Ontario Small Businesses
As challenging times continue, we at BPF Solutions are always looking for tools to support and help SMEs survive to be positioned to grow during Covid times. Here are a few more tools that may be useful to you.
The Government of Ontario has recently launched two programs targeted at supporting small businesses especially severely affected by this pandemic.
1- Ontario’s Main Street Relief Grant
According to the government of Ontario, eligible small businesses will get one-time grants of up to $1,000. You will need to provide receipts or proof of costs for Personal Protective Equipment (PPE) purchased since March 17, 2020.
To be eligible, your business must have two to nine employees and be in one of the following sectors:
retail
accommodation and food services
repair and maintenance
personal and laundry services
2- Property tax and energy bill rebates
Businesses that have been required to close or substantially reduce services as a result of provincial public health measures announced on 9th October 2020, may apply for rebates in the form of grants to assist with their fixed costs.
The categories of organizations eligible for funding include:
restaurants and bars
gyms, facilities for indoor sports and recreational fitness activities
performing arts and cinemas
bingo halls, gaming establishments, casinos, conference centres and convention centres
community centres, multi-purpose facilities, and museums
personal care services (with the exception of oxygen bars)
racing venues
meeting or event space
in-person teaching and instruction
Additional businesses that would become eligible if a region is in lockdown include:
retail required to close for in-person shopping
shopping malls
personal services
driving instruction
tour and guide services
photography services
campgrounds
For more detailed information, you can see the link below:
https://www.ontario.ca/page/businesses-get-help-covid-19-costs
BPF Solutions is always glad to help small businesses. For detailed and specific information about how we can help you, please contact 1.877.800.2731, 1.416.222.2909 or info@bpfsolutions.com
