Ontario Small Business Support Grant Applications Now Being Accepted
Applications are now being accepted for the new Ontario Small Business Support Grant. This provincial grant will help small businesses that are required to close or significantly restrict services under the new Provincewide Shutdown effective December 26, 2020.
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. Eligibility
To receive the grant, a small business must:
Be required to close or restrict services subject to the Provincewide Shutdown effective 12:01 a.m. on December 26, 2020
Have fewer than 100 employees at the enterprise level
Have experienced a minimum of 20 per cent revenue decline comparing April 2020 to April 2019 revenues (or alternate time periods for businesses that were not in operation in April 2019).
Businesses that are not eligible include those that were already required to close prior to the introduction of modified Stage 2 measures, and essential businesses permitted to operate with capacity restrictions (e.g., discount and big box stores selling groceries, supermarkets, grocery stores, convenience stores, pharmacies, and beer, wine and liquor stores).
