Soon after the results of the provincial election are confirmed, The Chamber will be calling on government to ensure relief programs are available for sectors that are struggling due to COVID-19. The sooner we get our economy back to where it was before the pandemic, the better all of us will be.
One initiative we'd like to see improved is the province's Small and Medium Sized Business Recovery Grants program, announced Oct. 9. The program sets aside $300 million for grants between $10,000 and $30,000 to business that meet a range of criteria. The program also offers additional grants between $5,000 and $10,000 to tourism businesses that meet additional criteria.
The Chamber is concerned the program could leave behind businesses struggling to survive. Many are in vulnerable situations and need an immediate lifeline to make it through until spring, when revenue streams are expected to stabilize.