REMINDER: ONTARIO SMALL BUSINESS SUPPORT GRANT
As a reminder, the Ontario Small Business Support Grant portal is now open. The grant is designed to help small businesses that are required to close or significantly restrict services under the new shutdown.
The Ontario government announced today that more than 42,000 small businesses have applied for the grant, to be processed within 10 days.
Starting at $10,000 for all eligible businesses, the grant will provide businesses with dollar for dollar funding to a maximum of $20,000 to help cover decreased revenue comparing monthly revenue in April 2019 and April 2020.
Also covered is a $1,000 grant for PPE for eligible small businesses.
For small businesses not in operation in April 2019 or April 2020, eligibility criteria will be announced this month.