Applying OrganizationCityWebsiteJakob Vogel, Stephanie Allen (Fields of Gold)Doran Bay ResortIroquoisFirst Canada Inns CornwallCORNWALLwww.firstcanadainns.caMrs B'S Crafts & GiftsCORNWALLwww.mrsbsgifts.getpayd.comWood Brothers Brewing Company LTDGlen...
The federal Government has enabled Farm Credit Canada to provide an additional $5 billion in lending to producers, agribusinesses, and food processors. This will offer increased flexibility to farmers who face cashflow issues and to processors who are impacted by lost sales, helping them remain financially sound during this difficult time.
Through the Business Credit Availability Program, EDC’s Mid-Market Guarantee and Financing Program will bring liquidity to companies who tend to have revenues of between $50 million to $300 million, to sustain operations during this uncertain period. EDC will continue to work with Canadian financial institutions to guarantee 75 % of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million.
Through the Business Credit Availability Program, the Business Development Canada’s (BDC) Mid-Market Financing Program will provide commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the Business Credit Availability Program and other measures.
In order to provide targeted assistance to the small towns and communities they serve, CFDCs will focus on assisting “main street” businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $40,000.
The Federal Government is providing over $1.5 billion through the Regional Relief and Recovery Fund (RRRF) to help more businesses and organizations in sectors such as manufacturing, technology, tourism and others that are key to the regions and to local economies. This fund is specifically targeted to those that may require additional help to recover from the COVID-19 pandemic, but have been unable to access other support measures.
Through the Business Credit Availability Program, Export Development Canada (EDC) is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises (SMEs).
This financing support is to be used for operational expenses and is available to both exporting and non-exporting companies.
This program is now available at various banks and credit unions.
This support is available until June 2021.
We have extended the maximum duration of the Work-Sharing program from 38 weeks to 76 weeks for employers affected by COVID-19. This measure will provide income support to employees eligible for Employment Insurance who agree to reduce their normal working hours because of developments beyond the control of their employers.
We are covering up to 75% of an employee’s wages for qualifying eligible employers, with this subsidy rate in effect until March 13, 2021. The wage subsidy supports you to keep and re-hire your employees and avoid layoffs.
The CEWS is available until June 2021.
The Government of Ontario is providing $8 million to support small business and registered charity customers who are struggling to pay their energy bills as a result of the COVID-19 emergency.
The Cornwall and Area Chamber of Commerce calls on the Federal Government to clarify the CEBA (Canadian Emergency Bank Account) and RRRF (Regional Relief and Recovery Fund) repayment deadlines and link the deadline to the end of COVID restrictions. During the...
Written by Shawna O'Neill The Port Lands is the 16-acre waterfront lot in the photo above, which is located in the East end of Cornwall along the harbour front. If you could design anything there, a dream destination, what would it be? Co-Owned by the City of Cornwall...
Written by Shawna O'Neill Skilled refugees may soon come to work and live in Cornwall and SDG. The Cornwall and Area Chamber of Commerce, Sigmapoint, EOTB and ACCFutures are exploring new international skilled labour opportunities for our region. The Chamber is always...
Entrepreneur of the Year - Ian Bentley, Craft Shack Sponsored by the Cornwall Business Enterprise Centre Community Impact Award - Tri-County Literacy Sponsored by the YourTv Cogeco Tourism Excellence Award - Countryside Adventures...
Through the throes of the pandemic, our community has really come together. The team behind the inaugural BEA+ magazine is no exception. The Cornwall and Area Chamber of Commerce Executive Director Greg Pietersma wanted to make the BEA format more accessible prior to...
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