TORONTO — The Ontario government has opened applications for the new Ontario Small Business Support Grant.
The grant, announced in December, provides a minimum of $10,000 to a maximum of $20,000 to eligible small businesses who have had to restrict their operations due to the province-wide shutdown, explained a Jan. 15 release.
Small businesses required to close or significantly restrict services under the lockdown will be able to apply for a one-time grant. Examples given include paying employee wages and support with rent.
Eligible small businesses include those that:
- were required to close or significantly restrict services due to the province-wide shutdown being imposed across the province effective 12:01 a.m. on Dec. 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. New businesses established since April 2019 will also be eligible if they meet the other eligibility criteria.
“As Ontario’s employers do their part to defeat COVID-19, they are facing unprecedented challenges as a result of this global pandemic,” said Minister of Finance Peter Bethlenfalvy in a statement. “I encourage every eligible small business owner in Ontario to visit Ontario.ca/COVIDSupport to access the support our government has made available. While we still have a lot of work ahead of us, we can all look confidently to the future as we resolve to do our parts and put COVID-19 behind us.”