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$120M Aid Program For Hardest-hit Alberta Businesses

$120M Aid Program For Hardest-hit Alberta Businesses

Varcoe: New $120M aid program targets hardest-hit Alberta businesses — but is it enough?

Source: Calgary Herald
Author: Chris Varcoe
Date: February 17, 2021

On Wednesday, the UCP government will roll out a new $120-million program designed to keep them going, providing additional grants of up to $10,000 to eligible small and mid-sized businesses.

It should help.

But will it be enough to make a tangible difference to some of the most financially distressed businesses in the province today — and will the aid arrive in time?

The new Enhanced COVID-19 Business Benefit is designed to provide assistance to companies, co-operatives and non-profits with fewer than 500 employees, if their revenues have plunged by at least 60 per cent.

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