The Small and Medium Enterprise Relaunch Grant

Lisa Cai Finance, Settlement & Community News, Updates

The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, co-ops, and non-profits that were ordered to close or reduce operations, and that experienced a revenue reduction of at least 50%, 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.

The Grant will be open for applications until August 31 or for 4 weeks following the start of Phase 3 of Alberta’s Relaunch Strategy – whichever is later.

Learn more about eligibility and how to apply:

Thinking about starting a small business yourself? Watch this short video and learn tips to help you turn your idea into a successful small business in Alberta:

(The video is in English and available with subtitles in Arabic, Chinese, Tigrinya, French, Spanish and Hindi.)

Word of the Day:

Revenue: income or earnings of a company or organization