Latest news

BUSINESS SCALE-UP AND PRODUCTIVITY PROGRAM

Is your Incorporated start-up in Western Canada on its feet and needing to grow to the next stage?

Reach out to the Business Scale-up and Productivity program before April 14th to get on the right path.  https://wd-deo.gc.ca/eng/19762.asp Or visit a regional office
https://wd-deo.gc.ca/eng/10318.asp

 

Applications Open for New Business Relief

New businesses and unregistered sole proprietors can now apply for Alberta’s small business relaunch grant.


Expansions to the Small and Medium Enterprise Relaunch Grant program announced in January are now included on the Government of Alberta’s application portal. New businesses that began operating between March and October 2020, as well as unregistered sole proprietors, can now apply for COVID relief funding.


“Even during the pandemic, Alberta saw around 10,000 new businesses open across the province in 2020. These new businesses were started by Albertans who had the entrepreneurial spirit and confidence to bet on Alberta. Enterpreneurs, whether new or experienced, need to know that Alberta’s government is here to support them.”
Doug Schweitzer, Minister of Jobs, Economy and Innovation


“We appreciate the government expanding access to the SME relaunch grant for sole proprietors and new businesses that started operations in 2020. Access to the grant for new businesses will help, considering they have largely been unable to access the federal support programs. With restrictions continuing and small businesses struggling, support programs will need to be extended and expanded in order to avoid widespread business closures across the province.”
Annie Dormuth, Alberta provincial affairs director, Canadian Federation of Independent Business


The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, cooperatives and non-profit organizations with fewer than 500 employees that have faced restrictions or closures due to COVID-related public health orders, and have experienced revenue losses of at least 30 per cent.


Businesses can use the funding as they see fit to offset the costs they are facing as they relaunch their businesses. This includes the costs of items that help prevent the spread of COVID-19, such as personal protective equipment and cleaning supplies, as well as rent, employee wages or replacing inventory. The funds can also be used to help businesses expand their online presence or e-commerce opportunities so that they can continue to serve customers. These grants do not need to be repaid.


The program launched at the end of June 2020, and the government has committed $500 million to the grants. More details are on the program web page. Application intake will be open until March 31, 2021, unless otherwise communicated.
Alberta’s Recovery Plan is a bold, ambitious long-term strategy to build, diversify, and create tens of thousands of jobs now. By building schools, roads and other core infrastructure we are benefiting our communities. By diversifying our economy and attracting investment with Canada’s most competitive tax environment, we are putting Alberta on a path for a generation of growth.


Quick facts
• As of Feb. 1, Alberta’s government has provided more than $327 million to more than 47,000 businesses.
• Small and medium entreprises are an important part of Alberta’s economy, accounting for more than 99 per cent of all businesses and almost 55 per cent of all employment.
• Additional supports for businesses are available through the federal government.

**IMPORTANT NEWS FOR YOUR BUSINESS**

*EXPANDED GRANT ELIGIBILITY*
The Alberta government is temporarily expanding eligibility to the Canada-Alberta Job Grant (CAJG) to help businesses access training. The expansion is effective until February 28, 2022. https://www.alberta.ca/canada-alberta-job-grant.aspx

FINANCIAL RELIEF FOR LOCAL BUSINESSES

Small and Medium Enterprise Relaunch Grant

SMALL AND MEDIUM ENTERPRISE ENTERPRISE RELAUNCH GRANT

Overview

The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta Businesses, cooperatives, and non-profist organizations that we3re ordered to close or curtail operations, and that experienced a revenue reduction of at least 50 per cent as a result of the COVID-19 pandemic.

READ MORE  and How to Apply

 

 

EXIT PLANNING MASTERCLASS

Registration for our four-part Exit Planning Masterclass series is open!
During this 16-week program starting September 17th, business owners will gain clarity on the journey toward a sale and learn how to prepare themselves and their businesses to be operated by your successor. Come away with a written exit plan and clear direction on what your next steps are.

Register Now

Expansion of Support for Workers and Small Businesses

Prime Minister announces expansion of support for workers and small businesses
May 19, 2020
Ottawa, Ontario

Throughout the pandemic, the Government of Canada has focused on keeping Canadians safe and healthy and helping families pay their bills. That’s why we have introduced strong measures to protect middle class jobs and support businesses, so they can keep Canadians on the payroll during this challenging time.

click to continue reading

 

 

Pages

? Top

Get in Touch

Community Futures Lethbridge Region
2626 South Parkside Drive
Lethbridge, AB T1K 0C4

403-320-6044

Our newsletter

Submit your email address to receive periodic updates.

Message Us

Communities Served

Barons, 
Blood Band Reserve, 
Broxburn, 
Coaldale, 
Coalhurst, 
Del Bonita, 
Diamond City, 
Iron Springs, 
Kipp, 
Lethbridge, 
Magrath, 
Monarch, 
Nobleford, 
Picture Butte, 
Raymond, 
Shaughnessy, 
Spring Coulee, 
Stand Off, 
Stirling, 
Tempest, 
Turin, 
Welling, 

 

COMMUNITY FUTURES LETHBRIDGE AIMS TO BE A SCENT FREE ENVIRONMENT, PLEASE REFRAIN FROM USING SCENTED PRODUCTS WHEN VISITING OUR PREMISES

Share

Facebook icon
Twitter icon
Google icon
Pinterest icon
LinkedIn icon
e-mail icon