SUNDRE'S PANDEMIC BUSINESS RESILIENCE SUPPORT STRATEGY
Information from the Chief Medical Officer of Health (CMOH) for Businesses Planning on Relaunch
- The CMOH revised expectations for businesses with regards to the template for relaunch considerations.
- For workplaces newly opening, completion of the template is voluntary and recommended.
- For facilities that did not close, completion of the template is voluntary, not mandatory.
- Information and the plan template is available at alberta.ca/BizConnect, along with more sector specific guidelines.
Provincial Business Support Links
- Provincial Relaunch Strategy
- Alberta Biz Connect - Workplace Guidance for Business Owners
- "Help Prevent the Spread" Info Posters for Businesses
Useful Third-party Links
(we take no responsibility for any of the content or information presented in any of the third-party, external links shown on this page)
- COVID Continuity: Supporting Leaders in Business
- Canadian Chamber of Commerce Business Resilience page
- 7 Steps to Sustain Your Business Through the Disruption (Business Development Bank of Canada)
There is Hope.
FEDERAL GOVERNMENT PROGRAMS
|Emergency Commercial Rent Assistance Program||
Applications OPEN as of May 25.
The Federal Government is extending the maximum duration of the Work-Sharing Program from 38 weeks to 76 weeks. The Work-Sharing program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers.
|Emergency Wage-subsidies for small businesses|
|Small Business Financing Program||
The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.
Small businesses or start-ups operating for profit in Canada, with gross annual revenues of or less are eligible.
Up to a maximum of $1,000,000 is available for any one borrower, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.
Note that financial institutions deliver the program and are solely responsible for approving the loan.
|Large Employer Emergency Financing Facility||
New program announced May 11, 2020. Details to come. Read the CBC article here.
From the CBC article:
The federal government is offering bridge financing for big Canadian businesses across all sectors to help them keep employees on the payroll through the pandemic, but there are conditions attached — including a requirement that companies receiving the loans disclose their environmental plans.
The large employer emergency financing facility (LEEFF) will provide support to employers with annual revenues of more than $300 million whose credit needs aren't being met through conventional financing.
While he said today the details are still being worked out, Prime Minister Justin Trudeau stressed that the program is a bridge loan program, not a "bailout," and that the government is "a lender of last resort."
|Deferred GST & HST payments, duties, and taxes on imports||
The Federal government will allow businesses, including self-employed individuals, to defer until June 30, 2020 payments of the Goods and Services Tax / Harmonized Sales Tax (GST/HST), as well as customs duties owing on their imports.
|Sell Directly to the Federal Government||
Income generating opportunity: Are you a business that can supply products and services in support of Canada’s response to COVID-19? The Federal government wants to hear from you right away.
|Complete List of Support under Canada's Economic Response Plan||
Includes all info on programs for employees, businesses, and people who cannot work.
ALBERTA GOVERNMENT PROGRAMS
|Small and Medium Enterprise Relaunch Grant||
The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that faced restrictions or closures from public health orders, and experienced a revenue loss of at least 50 per cent due to the COVID-19 pandemic. Eligible job creators can apply for up to $5,000 through this program.
This relief for businesses and non-profits can be used to offset the costs they are facing as they reopen their doors. This includes the costs of implementing measures to prevent the spread of COVID-19, such as physical barriers, PPE and cleaning supplies, as well as rent, employee wages, replacing inventory and more._______________________________
|Emergency Isolation Support||
Eligible working Albertans can receive a one-time emergency isolation support payment of $1,146 if they are required to self-isolate or are the sole caregiver of someone in self-isolation and they have no other source of pay or compensation.
This is a temporary program to fill the gap until the Federal government rolls out the Canada Emergency Response Benefit in April.
(Emergency financial assistance)
You can get help when:
- a situation is caused by unforeseeable circumstances beyond your control, and
- it presents a severe health risk, and
- you cannot access other resources or wait until your next pay-cheque or Income Support benefit cheque.
Includes all info on tax changes, payment deferrals on various levies and taxes, and job leave protection.
||NO MATCHING FUNDING required: Featuring two streams, the Cooperative Investment Program has been launched to assist tourism operators and regions across Alberta restart consumer marketing activities and aid in the development of traveller products, experiences, and packaging in a COVID-19 travel environment. Grant application intakes are in June and September.|
FINANCIAL & ECONOMIC DEVELOPMENT AGENCY PROGRAMS
|ATB Financial Customer Relief Program||
ATB Financial will be offering payment deferrals for small businesses up to 6 months. Other programs may be available.
|Canadian Bankers Association||
Effective immediately, Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank have made a commitment to work with personal and small business banking customers on a case‑by‑case basis to provide flexible solutions to help them manage through challenges such as pay disruption due to COVID‑19; childcare disruption due to school closures; or those facing illness from COVID‑19.
|Business Credit Availability Program (Business Development Bank of Canada and Export Development Canada)||
EDC and BDC will provide more than $65 billion in direct lending and other types of financial support at market rates to businesses with viable business models whose access to financing would otherwise be restricted.
Specific Elements of the Business Credit Availability Program include (these will be rolled out in the three weeks after March 27, 2020):
Business Development Bank of Canada will also provide flexible payments, low interest unsecured loans and support high-risk business. You must merely have been viable prior to the crisis. Contact the BDC directly for more information.
Immediate cash loans: BDC also has an on-line loan application option for Non-BDC clients; small businesses that have been in operation a minimum 2 years and where the shareholder has a strong personal credit score can apply for up to $100,000. This is an option for immediate cash needs.
CF Central Alberta is deferring all payments for existing clients for up to 3 months, and will consider all applications from new clients on a case-by-case basis.
FCC has received an enhancement to its capital base that will allow for an additional $5 billion in lending capacity.
We will do what we can to help you
1. Business Impact Surveys
- Sundre and Area Business Impact Survey
- Provincial Business Impact Survey (hosted by EDA)
- National StatsCan Business Impact Survey
2. New Regional Business Support Hotline
3. Advice and Technical Assistance
4. Case Management Assistance for Certain Businesses
Pandemic Business Resilience Workshop
Join Sundre Economic Development and fellow business owners at the Sundre Golf Club banquet hall for an afternoon of learning about business development and resilience in the wake of the COVID-19 pandemic economic situation. The workshop will be followed-up by a delicious prime rib dinner.
WHAT: Pandemic Business Resilience Workshop
WHEN: Friday, September 11, 2020 @ 2pm until 7pm, including dinner
WHERE: Sundre Golf Club @ 5154 Hwy 27
COST: Free - First come, first served registration. Sorry, just 1 rep per business.
This is a FREE event for local small businesses. Due to COVID social distancing requirements, seating is limited, therefore just one ticket per business will be provided. There is room for only 18 seats (meaning just 18 businesses). Registration is on a FIRST COME FIRST SERVED basis.
Thank you to the event's sponsors:
- Overview of current COVID-19 government support programs (presented by Sundre Economic Development)
- The Law and COVID-19 - what you need to know (presented by Kutz -Skorodenski Law)
- Managing your finances in the age of COVID - an accounting perspective (presented by MNP Accounting)
- Development planning and permitting - (presented by Town of Sundre Department of Planning & Development)
- Business Branding - How to grow your business through proper marketing and branding (presented by AdMaki Advertising)