Province opens second payment of Small and Medium Enterprise Relaunch Grant
The provincial government is offering more support to small- and medium-sized businesses, allowing them to apply for a second payment from the Small and Medium Enterprise Relaunch Grant.
This second payment will be available to businesses operating in areas on the provincial watch list where new health restrictions – like the temporary closure of indoor group fitness classes and team sports – have been implemented.
As well, the province says job creators that have experienced a 40 per cent revenue loss due to the COVID-19 pandemic will qualify for the grant, lowering the threshold from the existing 50 per cent revenue loss requirement. This 40 per cent threshold will be available to impacted businesses retroactive to March.
Doug Schweitzer, minister of jobs, economy and innovation, says small and medium-sized businesses are the backbone of Alberta’s economy.