News Flash

County News & Announcements

Posted on: July 6, 2020

Alberta's Recovery Plan

Albertas Recovery Plan

On June 29, 2020, the Province released “Alberta’s Recovery Plan” to set a direction for how the government intends to address the largest economic downturn since the Great Depression of the 1930s.

Focusing on diversity and job creation, the plan details 4 key concepts:  

  • Providing Immediate Relief and Supports
  • Creating Jobs
  • Building Core Infrastructure
  • Diversifying the Economy with a focus on Energy; Agriculture & Forestry; Tourism; Culture; Technology; Aviation & Aerospace and Emerging Sectors

“Alberta’s Recovery Plan is our ongoing, aggressive response to the impacts of the COVID-19 pandemic and disruption in global energy markets. We will allocate further funding as we are able to better understand the best way to fuel economic recovery, and the larger implications of the pandemic for the provincial, national, and global economies. We are finalizing strategies for our key economic sectors, recognizing that input from Alberta entrepreneurs will be vitally important.” (Alberta’s Recovery Plan)

Read “Alberta’s Recovery Plan” in its entirety here:

Though the majority of businesses have now been able to open their doors once again to the public, they still continue to face economic hardships. After months without revenue, increased overhead & reduced clientele combined with supply chain issues, many businesses are having to make the hard decisions to press ahead or close their doors permanently.

Both Federal and Provincial Governments continue to release funding and stimulus packages to assist these businesses.  See below for a list of active deferral, grant and funding programs, click the link to be redirected to the appropriate website for more information:

 Provincial Supports for Alberta Business: 

  • Relaunch Funding: the Small and Medium Enterprise Relaunch Grant offers up to $5,000 in funding for eligible small- and medium-sized businesses, cooperatives and non-profits to offset a portion of their relaunch costs.
  • Corporate Income Tax Deferrals: the filing deadlines for Alberta Corporate Income Tax Returns (AT1) have been extended
  • Job Creation Tax Cut:  as part of Alberta’s Recovery Plan, the Job Creation Tax Cut will be accelerated in order to decrease the general income tax rate on businesses from 10% to 8%, effective July 1, 2020.
  • Tourism Levey Deferral: Hotels and other lodging providers are permitted to keep tourism levy amounts collected between March 1 and December 31, 2020. Providers that have already remitted amounts collected after March 1, 2020, are entitled to a refund.
  • WCB Deferral: Small, medium and large private-sector employers can defer WCB premium payments until 2021.
  • Site Rehabilitation Program (third intake opening in July 2020):  Eligible oil and gas service companies can apply for grant funding to do abandonment and reclamation work on oil and gas sites in Alberta.

See the full list of Provincial Supports for Business online at Alberta Biz Connect.

Federal Supports for Alberta Business: 

  • Agriculture and Agri-Food Increasing Credit Availability: To ensure producers, agribusinesses and food processors can remain focused on business-critical functions rather than worrying about how to access funds to keep operating through this challenging period, effective immediately, FCC has put in place:
    • a deferral of principal and interest payments up to six months for existing loans; or a deferral of principal payments up to 12 months; access to an additional credit line up to $500,000, secured by general security agreements.
  • Canada Emergency Wage Subsidy (CEWS): As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 24 weeks, retroactive from March 15, 2020, to August 29, 2020.
  • Canadian Emergency Business Account (CEBA): The Government of Canada launched CEBA to ensure that small businesses have access to the capital they need to see them through the current challenges, and better position them to quickly return to providing services to their communities and creating employment.

See the full list of Federal Supports for Business online at Canada’s COVID-19 Economic Response Plan.

 Other Supports: 

  • Agriculture Training Supports: The purpose of this program is to provide support to the agricultural and horticultural businesses and services to help address the impact of COVID-19. The program will provide a grant to eligible employers to offset the costs of training and ensuring safety protocols are in place for new employees hired from the available domestic labour pool.
  • Agriculture Job Connector: Agriculture employers and workers can use these tools and resources to find jobs, skilled workers, financial help and other supports.
  • Cooperative Investment Program (next intake open Sept 1-30, 2020): The Cooperative Investment Program is to assist tourism operators and regions across Alberta to RESTART consumer marketing activities and aid in the development of traveller products, experiences, and packaging in a COVID-19 travel environment.  
  • Regional Relief and Recovery Fund (RRRF)Small business owners impacted as a result of the COVID-19 pandemic can apply for loans up to $40,000 through the Regional Relief and Recovery Fund (RRRF). 
    • The Regional Relief and Recovery Fund provides funding to support businesses that have not been approved for supports through the Canada Emergency Business Account (CEBA) or the Emergency Loan Program delivered through Aboriginal Financial Institutions.
  • Canada-Alberta Job Grant: The Canada-Alberta Job Grant is a training program where an employer applies on behalf of their employee(s) for eligible training costs. Employers decide who gets training and what type of training may be needed for their employees.

Kneehill County understands that navigating the COVID-19 supports and services can be a stressful and time-consuming process. If you desire assistance in reviewing what programs that may be available to you, please contact the County Economic Development Officer:

Jacqueline Buchanan, EDO

Kneehill County
Office: 403-443-5541
Cell: 403-443-9347

Kneehill County's COVID-19 Response...
Facebook Twitter Email

Other News in County News & Announcements

News Release

Oil and Gas Assessment Changes

Posted on: August 4, 2020
Tree Assessment

Tree Care in Kneehill County

Posted on: July 27, 2020
Council Notes

Council Notes

Posted on: July 24, 2020
Coronavirus News Flash

COVID-19 Information for Residents

Posted on: July 20, 2020
Nominate a volunteer (1)

Volunteer Recognition

Posted on: July 17, 2020

Scholarship Program

Posted on: April 22, 2020
News Release

Horseshoe Canyon Improvements

Posted on: June 29, 2020

Neighbourhood Notes

Posted on: June 10, 2020
News Release

2020 Tax Rates

Posted on: April 29, 2020
Land Use Bylaw 1808 Newsflash

Be a part of the discussion!

Posted on: March 1, 2020