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Jan 22, 2021

   

Industry News

FedNor – Additional Funding for Small Businesses

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The Government of Canada is making available an additional $500 million in support from the Regional Relief and Recovery Fund (RRRF) for small businesses suffering from COVID-related losses. At the same time, the Government has committed to making at least 25% of those funds available to the struggling tourism sector.

This expanded RRRF funding is similar to that offered under additional support through the Canada Emergency Business Account (CEBA). It is intended for businesses that do not qualify for CEBA funding.

The Government of Canada has been supporting businesses and protecting jobs since the pandemic began, and will continue to do so for as long as it takes. At this time, we seek your help. Your membership needs to know that this additional financial support is available, if they have sustained COVID-related losses since April 1, 2020, or if they anticipate losses up until March 31, 2021.

To learn more, or apply visit the FedNor website HERE.