Applications open for eligible small businesses in tourism and travel industries. The Ontario government is providing one‐time payments of $10,000 to $20,000 to support eligible small tourism and travel businesses
Applications open for eligible small businesses in tourism and travel industries.
The Ontario government is providing one‐time payments of $10,000 to $20,000 to support eligible small tourism and travel businesses struggling to recover from the impact of the COVID-19 pandemic through the new $100-million Ontario Tourism and Travel Small Business Support Grant.
Businesses that received the Ontario Small Business Support Grant (OSBSG) are not eligible for the new grant. The OSBSG was designed to help businesses that were required to close or significantly restrict services under the Provincewide Shutdown effective December 26, 2020. The Tourism and Travel Small Business Support Grant is designed to help small businesses in the tourism and travel sector. Eligible small businesses can apply for support to help them recover from the impacts of COVID-19 as well as to help create and protect jobs.To qualify, businesses must have fewer than 100 employees and demonstrate they have experienced a minimum 20 per cent revenue decline between 2019 and 2020.
The launch of the program was announced today by Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries.
“Prior to the pandemic, Ontario’s tourism generated more than $36 billion in economic activity and supported more than 400,000 jobs across the province,” said Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries. “Our government is working with small businesses to overcome the challenges of the past year – through programs like the Ontario Tourism and Travel Small Business Support Grant – and help the tourism industry reclaim its place as an economic powerhouse and key job creator in our province.”
As announced in the 2021 Budget, Ontario is investing more than $400 million over the next three years in new initiatives to support tourism, hospitality, culture, sport and recreation sectors. This builds on investments of $225 million announced earlier, bringing the total support for these sectors to more than $625 million since the pandemic began.
What you’ll get:
Eligible small businesses will get a one-time grant of $10,000 to $20,000, depending on how much revenue they have lost.
Recipients will be able to use the support in whatever way makes the most sense for their business. For example, some businesses could use the support to pay employee wages, while others will use it to invest in their recovery.
Applications for this grant will close on Friday, June 25, 2021.
For information on eligibility and how to apply: www.ontario.ca/covidsupport.
May 13 (Thursday) 2:58 pm - June 25 (Friday) 11:59 pm