The Government of Alberta has relaunched the Small and Medium Enterprise Relaunch Grant. This 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 40%, as a result of the COVID-19 pandemic. Previously, the revenue reduction was at 30%.
Employers who meet the program’s eligibility criteria will be able to apply for 15% of their pre-COVID-19 monthly revenue up to:
- a maximum of $5,000 in funding for their first payment, and
- a maximum of $15,000 for their second payment
Application for the second payment will be released soon. More information to come! Visit here for more details: https://www.alberta.ca/sme-relaunch-grant.aspx