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$350M in new grants to Alberta small businesses hit by pandemic

$350M in new grants to Alberta small businesses hit by pandemic

Varcoe: Province to roll out new $350M round of grants to Alberta small businesses hit by pandemic

Date: April 13, 2021
Source: Calgary herald
Author: Chris Carcoe

The Kenney government has decided to ditch a yet-to-be-launched program designed to provide targeted aid to businesses hit hardest by the pandemic. Instead, it will revive a previous initiative that will help more companies in the province — at almost triple the total price tag.

Under the announcement, Alberta small and mid-sized companies that have seen revenues decline by at least 30 per cent because of public health restrictions will be eligible to receive up to $10,000 through a new round of the relaunch grant.

That’s on top of $20,000 made available in two previous phases.

The new phase of the SMERG grant will replace the contentious Enhanced COVID-19 Business Benefit, a $120-million program announced in mid-February that was supposed to start taking applications later this month.

That program also aimed to provide $10,000 grants to businesses, but only those facing a steeper drop in revenues of at least 60 per cent, sparking criticism from various corners that it was too limited.

Click here to read the full article: https://calgaryherald.com/opinion/columnists/varcoe-province-to-roll-out-new-350m-round-of-grants-to-alberta-small-businesses-hit-by-pandemic