The Government of Alberta has announced that as of Monday, eligible small and medium enterprises (SMEs), co-ops, and nonprofits can apply for funding to relaunch their operations if they were impacted by the COVID-19 pandemic.
The Small and Medium Enterprise Relaunch Grant offers financial assistance to organizations that faced restrictions or closures from public health orders and experienced a 50% revenue loss. To be eligible, applicants must have 500 or fewer employees.
The maximum grant from this program is $5,000. This money can be used to offset the costs these organizations are facing as they reopen their doors, including 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.
“Businesses continue to struggle with the additional costs of getting their businesses – and therefore Alberta’s economy – back up and running,” said Ken Kobly, president and CEO, Alberta Chambers of Commerce. “This grant program is very much appreciated and welcomed by small- and medium-sized businesses.”
In total, this program has a budget of $200 million, indicating that up to 40,000 organizations can receive funding.
The deadline to apply is August 31, or for four weeks following the start of stage three of Alberta’s Relaunch Strategy – whichever is later.
Find this program and other funds for your organization today on Fundsearch.