The Honourable Andrew Parsons, Minister of Industry, Energy and Technology, today announced the deadline for the $30 million Small Business Assistance Program has been extended to December 22, 2020. The program, which remains available on a first come, first served basis, includes $25 million for eligible small businesses and $5 million for eligible community organizations.
To date, the Department of Industry, Energy and Technology has received more than 3,045 applications, with 2,127 small businesses and community organizations approved so far. The approved applicants have received funding to assist with the impact of the COVID-19 pandemic including revenue losses and increased costs associated with adapting businesses and enhancing health and safety protocols.
Program details, eligibility requirements and information on the application process are available online.
Provincial funding is allocated through the COVID-19 contingency fund, complementing other emergency supports announced by the Government of Newfoundland and Labrador and the Government of Canada.
Quotes
“Small businesses and community organizations are critical for the economic growth of our province. It is evident the Small Business Assistance Program is needed as we continue to receive many applications daily. By extending the program for an additional one week, it gives more time for those small businesses and community organizations effected by the pandemic to apply.”
Honourable Andrew Parsons
Minister of Industry, Energy and Technology
“We are pleased that the community sector and small businesses are able to avail of government supports such as the Small Business Assistance Program. The extended deadline of December 22 gives them more time to submit their applications, if they haven’t already done so.”
Honourable Siobhan Coady
Deputy Premier and Minister of Finance
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Source: Government of Newfoundland and Labrador | This text was excerpted from the media outlet cited on December 15, 2020 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.
