Two highlights for small business from the Ontario Budget

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Two highlights for small business from the Ontario Budget

by | Mar 25, 2021 | E-News | 0 comments

To help small businesses that have been most affected by the necessary restrictions to protect people from COVID-19, Ontario is providing a second round of Ontario Small Business Support Grant payments to eligible recipients. Approximately 120,000 small businesses will automatically benefit from an additional $1.7 billion in relief through this second round of support in the form of grants of a minimum of $10,000 and up to $20,000 — bringing the estimated total support provided through this grant to $3.4 billion.

To support Ontario’s tourism, hospitality and culture industries that have been among the most heavily impacted by the COVID-19 pandemic, Ontario is investing an additional $400 million over the next three years in new initiatives to support these sectors. This builds on previously announced investments of $225 million, bringing the total to more than $625 million since the pandemic began.

https://news.ontario.ca/en/release/60876/ontarios-action-plan-protecting-peoples-health-and-our-economy

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