It has been confirmed that all of Ontario will be in the Grey-Lockdown zone as of Boxing Day, December 26th. Southern Ontario will be in a 28-day lockdown which will last until January 23rd.
Premier Doug Ford has also announced a new grant for Ontario Small Business Support with a minimum of $10,000. See below for more details. For eligibility information, click here.
Good luck everyone, stay safe and pivot your business as much as you can to accommodate these new restrictions.
Coming soon: Ontario Small Business Support Grant
In January 2021, applications will open for the new Ontario Small Business Support Grant, which will help small businesses that are required to close or significantly restrict services under the new Provincewide Shutdown effective December 26, 2020.
What you’ll get
Starting at $10,000 for all eligible businesses, the grant will provide businesses with dollar for dollar funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown. The business must demonstrate they experienced a revenue decline of at least 20 percent when comparing monthly revenue in April 2019 and April 2020. This time period was selected because it reflects the impact of the public health measures in spring 2020, and as such provides a representation of the possible impact of these latest measures on small businesses.Businesses will be able to use the support in whatever way makes the most sense for them. For example, some businesses will use the support to pay employee wages, while others will need support maintaining their inventory.
