February 5, 2021
The Small and Medium Enterprise Relaunch Grant program has been revised to include unregistered sole proprietors and new businesses that opened between March 1 – October 31, 2020.
The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta organizations (businesses, cooperatives, and non-profits) that were ordered to close or curtail operations, and that experienced a revenue reduction of at least 30%, as a result of the COVID-19 pandemic.
The program offers the following:
- Up to $20,000 in funding for organizations established before February 29, 2020, including unregistered sole proprietors.
- Up to $15,000 in funding for new organizations that began operations between March 1 and October 31, 2020, including unregistered sole proprietors.
Businesses, cooperatives, and non-profits can use these funds as they see fit to help offset a portion of the impact of new public health measures or their relaunch costs, such as implementing measures to minimize the risk of virus transmission, which could include:
- physical barriers
- purchasing personal protective equipment and disinfecting supplies
- paying rent and employee wages
- replacing inventory and more
Learn More: https://www.alberta.ca/sme-relaunch-grant.aspx