Due to the COVID-19 pandemic, many small- and medium-sized businesses and non-profits in Alberta have shutdown, either completely or partially, leading to severely limited sales. As they begin to reopen, the increased cost to operate under public health requirements are causing further stress among business owners and non-profits.
The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that were ordered to close or curtail operations, and that experienced a revenue reduction of at least 50 per cent, as a result of the COVID-19 pandemic.
Eligible organizations can apply for 15% of their pre-COVID-19 revenue, up to a maximum of $5,000 in funding.
Businesses, cooperatives and non-profits can use these funds as they see fit to help offset a portion of their relaunch costs, such as implementing measures to minimize the risk of virus transmission, which could include:
- physical barriers
- purchasing personal protective equipment and disinfecting supplies
- paying rent and employee wages
- replacing inventory and more
For more information, go here.