Ontario Small Business Grant Applications Now Open!
Applications for the New Ontario Small Business Support Grant are now open as of January 15, 2021.
This vital program will provide eligible businesses a one-time grant in much needed support to help get them through these challenging times. The Ontario Government will provide a minimum of $10,000 and up to $20,000 to eligible small businesses facing challenges due to the necessary Provincewide Shutdown.
Small businesses required to close or significantly restrict services under the Provincewide Shutdown will be able to apply for a one-time grant and use this funding in whatever way makes the most sense for their individual business needs. For example, some businesses could need support paying employee wages, while others could need support with their rent.
Eligible small businesses include those that:
- Were required to close or significantly restrict services due to the Provincewide Shutdown being imposed across the province effective 12:01 a.m. on December 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.
Businesses can apply at: http://www.ontario.ca/COVIDSupport
Application closing date is March 31, 2021.
Additional Provincial Government Support:
Ontario’s One-Window Small Business Portal – Lists all available supports for small businesses. http://www.ontario.ca/smallbusiness
Property Tax and Energy Bills Rebates – Businesses impacted by the Provincewide Shutdown are also eligible for additional supports, including the government’s program to provide rebates to offset fixed costs such as property tax and energy bills. These rebates will continue to be available for businesses impacted by the Provincewide Shutdown and earlier restrictions. Click Link: https://www.ontario.ca/page/businesses-get-help-covid-19-costs