Small and Medium Enterprise Relaunch Grant Program (Canada)
Deadline: 31-Aug-20
The Small and Medium Enterprise Relaunch Grant 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 50%, as a result of the COVID-19 pandemic.
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Businesses, cooperatives and non-profits can use these funds as they see fit to help offset a portion of 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
Funding Information
Grant funding amounts are calculated based on 15% of the eligible organization’s pre-COVID-19 monthly revenue up to a maximum of $5,000 per business, cooperative or non-profit organization.
The Government of Alberta has committed up to $200 million in funding for the program.
Eligibility Criteria
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Businesses, cooperatives and non-profit organizations that were ordered to close or curtail operations as a result of public health orders issued by Alberta’s Chief Medical Officer of Health may be eligible. To be eligible, an Alberta business, cooperative or non-profit organization must meet all of the following criteria.
Be one of the following legal entities:
corporation registered under the Business Corporations Act (Alberta)
partnership registered under the Partnership Act (Alberta)
sole proprietor with a trade name registered under the Partnership Act (Alberta)
corporation incorporated under a special act or a private act of the Alberta legislature
non-profit registered under a special act or a private act of the Alberta legislature
non-profit registered under part 9 of the Companies Act (Alberta)
society registered under the Societies Act (Alberta) or Agricultural Societies Act (Alberta)
cooperative registered under the Cooperatives Act (Alberta)
For more information, visit https://www.alberta.ca/sme-relaunch-grant.aspx?mc_cid=22c7c6a8ad&mc_eid=d3dcdcae37