PROVINCE LAUNCHES NEW ONTARIO TOURISM AND TRAVEL
SMALL BUSINESS SUPPORT GRANT: APPLY TODAY
The Ontario government is providing one‐time payments of $10,000 to $20,000 to support eligible small tourism and travel businesses struggling to recover from the impact of the COVID-19 pandemic through the new $100-million Ontario Tourism and Travel Small Business Support Grant. The launch of the program was announced yesterday by Minister Lisa MacLeod.
This grant will support eligible small tourism and travel businesses that did not receive the Ontario Small Business Support Grant (OSBSG), such as travel agents, hotels, motels, resorts, and bed and breakfasts. To qualify, businesses must have fewer than 100 employees and demonstrate they have experienced a minimum 20 per cent revenue decline between 2019 and 2020.
This new grant will provide much-needed support for many of Toronto’s small businesses, enabling them to weather the storm a little longer until business volumes return.
Applications for the Ontario Tourism and Travel Small Business Support Grant are now open until June 25, 2021.