Johanna Kraemer setting up her pop up plant shop, The Wild Fern Co., on Cole Street pre-pandemic. Courtesy photo

Johanna Kraemer setting up her pop up plant shop, The Wild Fern Co., on Cole Street pre-pandemic. Courtesy photo

Alberta announces new small business benefit

Starting in mid-April, payments of up to $10,000 will go to eligible small and medium businesses

By Dean LaBerge, Local Journalism Initiative Reporter, Grizzly Gazette

The newly announced Enhanced COVID-19 Business Benefit will augment the Small and Medium Enterprise Grant to provide up to an additional $10,000 to the small businesses that have been impacted the hardest by the pandemic. Between this new benefit and the Small and Medium Enterprise Grant, eligible small businesses in Alberta will be able to access up to $30,000 in supports from the Provincial government.

Alberta Minister of Jobs, Economy and Innovation Doug Schweitzer had this to say about the new benefit “The challenges associated with COVID-19 are ongoing, and this additional payment will provide even more immediate relief to Alberta’s small businesses. We promised our job creators that we would be there to support them throughout this pandemic, and we will continue to evaluate the needs of Albertans while we engage with the federal government to address gaps in their long-term programs. “

Beginning in mid-April, small and medium businesses that can show a reduction in revenue of 60% or more due to COVID-19 and the related ongoing public health measures will be able to apply for the Enhanced COVID-19 Business Benefit. Eligible businesses will receive 15% of their monthly revenue, to a maximum of $10,000. To qualify for this program, organizations must:

· Be a Business, cooperative, or non-profit organization with less than 500 employees

· Show a revenue reduction of 60% or more

· Declare the levels of provincial and federal support that have already been received to make sure that these supports have covered no more than 80% of revenue

Recipients of this benefit can use this funding towards the costs involved in relaunching their businesses. These expenditures may include the costs of putting measures in place to prevent the spread of COVID-19, such as PPE, physical barriers, and cleaning supplies, as well as operating expenses such as rent, employee wages, and replacing inventory. The grant can also be used to grow the business’s online presence or increase its e-commerce opportunities to continue to meet its customers’ needs.

Please visit www.alberta.ca/enhanced-covid-19-business-benefit.aspx for more information about the Enhanced COVID-19 Business Benefit.

The Small and Medium Enterprise Grant was launched in June of 2020 and then expanded later in the year to offer up $20,00 to already existing small and medium businesses that had been adversely affected by the pandemic and the ensuing public health restrictions. This program was further expanded in 2021 to include up to $15,000 in supports for new businesses that had started between Mar. 1 and Oct. 31, 2020. Businesses can still apply for the Small and Medium Enterprise Grant until Mar. 31, 2021.

Go to https://www.alberta.ca/sme-relaunch-grant.aspxfor further information on the Small and Medium Enterprise Grant.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

MLA Jackie Lovely
MLA Jackie Lovely: Moving back to Step 1 a ‘profound disappointment’

Camrose MLA joins ranks of UCP members calling out the decision

Supporters gather outside GraceLife Church near Edmonton, Alta., on Sunday, April 11, 2021. The church has been fenced off by police and Alberta Health Services in violation of COVID-19 rules. THE CANADIAN PRESS/Jason Franson
Hundreds gather to support Alberta church shut down for ignoring COVID-19 orders

GraceLife Church and its pastor, are charged for holding services that break health restrictions

Asymptomatic testing will now be available for "priority groups" who are most likely to spread the COVID-19 virus to vulnerable or at-risk populations. File photo by THE CANADIAN PRESS
Alberta identifies 1,183 new COVID-19 cases on Sunday

50.5% of all active cases are variants of concern

File photo
Conservative leader Erin O’Toole holds a press conference on Parliament Hill in Ottawa on Tuesday, April 6, 2020. Top Tory leaders of past and present will speak with supporters today about what a conservative economic recovery from COVID-19 could look like. THE CANADIAN PRESS/Sean Kilpatrick
O’Toole to vote against Conservative MP’s private bill on ‘sex-selective abortion’

Erin O’Toole said he supports a woman’s right to choose and will personally vote against the private member’s bill

Madelyn Boyko poses along with a number of the bath bombs she makes with her mom, Jessica Boyko. Madelyn says she enjoys making the bath bombs with her mom as it is a special time for just the two of them. (Photo Submitted)
5-year-old Sylvan Lake girl selling bath bombs in support of younger brother

Madelyn Boyko is selling bath bombs for CdLS research in honour of her younger brother

A sign on a shop window indicates the store is closed in Ottawa, Monday March 23, 2020. The Canadian Federation of Independent Business is raising its estimate for the number of businesses that are considering the possibility of closing permanently. THE CANADIAN PRESS/Adrian Wyld
Small business struggling amid COVID-19 pandemic looks for aid in Liberals’ budget

President Dan Kelly said it is crucial to maintain programs to help businesses to the other side of the pandemic

The National Security and Intelligence Committee of Parliamentarians says that includes attempts to steal Canadian research on COVID-19 and vaccines, and sow misinformation. (AP Photo/Esteban Felix)
Intelligence committee warns China, Russia targeting Canadian COVID-19 research

Committee also found that the terrorist threat to Canada has shifted since its last such assessment

Parliament Hill is viewed below a Canada flag in Gatineau, Quebec, Friday, Sept. 18, 2020. A new poll suggests most Canadians are feeling more grateful for what they have in 2020 as a result of COVID-19 pandemic.THE CANADIAN PRESS/Sean Kilpatrick
Canada’s greenhouse gas emissions increased slightly in 2019: report

2019 report shows Canada emitted about one million tonnes more of these gases than the previous year

A volunteer disinfects a historical Mohabat Khan mosque ahead of the upcoming Muslim fasting month of Ramadan, in Peshawar, Pakistan, Friday, April 9, 2021. (AP Photo/Muhammad Sajjad)
For Canadian Muslims, second pandemic Ramadan is a time of hope and sadness

Many members of the association are trying to find ways ‘to help people stay connected to one another’

Chief Public Health Officer Theresa Tam speaks during a technical briefing on the COVID pandemic in Canada, Friday, January 15, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Canada’s ICUs see near-record of COVID-19 patients last week as variant cases double

Last week, Canadian hospitals treated an average of 2,500 patients with COVID-19, daily, up 7% from the previous week

Vancouver’s park board general manager issued a new order Friday restricting tents and other temporary structures from being set up in Strathcona Park after April 30, 2021. THE CANADIAN PRESS/Jonathan Hayward
Vancouver park board issues order to restrict tents in Strathcona Park

The order issued Friday restricted tents and other temporary structures from being set up after April 30

Stettler’s own Renegade Station is kicking off the spring season with a brand new single - to be released April 9th. (Photo submitted)
A brand new single is on the way from Stettler-based band Renegade Station

Free Free Free hits all streaming platforms on April 9th

Most Read