Small and medium-sized businesses could be eligible for provincial relaunch grant

The Government of Alberta is rolling out support for small and medium-sized businesses as they attempt to relaunch following the COVID-19 pandemic.

According to a release from the province, the Small and Medium Enterprise Grant is as much as $5,000 per-applicant.

Among the key criteria to apply is a business has to have suffered a revenue loss of at least 50 percent due to the pandemic.

Not-for-profit companies are also eligible to apply.

The grant offers financial assistance to 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.

This relief for businesses and non-profits can be used to offset the costs they are facing as they re-open 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.

To be eligible, small- and medium-sized businesses, cooperatives and non-profits must have 500 or fewer employees.

The Application intake period started this morning and will run until August 31, or for four weeks following the start of stage three of Alberta’s Relaunch Strategy – whichever is later.

Click here to see the guide on applying for the grant, as well as regional time periods this week.

– Kenny Trenton, Trenton 55 Newsroom