• Stephen Lecce, MPP

Ontario Provides More Than $1 Billion In Support for Small Business

March 02, 2021

The Ontario government has to-date provided more than $1 billion through the Ontario Small Business Support Grant to help eligible business owners affected by the COVID-19 restrictions. The grant provides a minimum of $10,000 to a maximum of $20,000 and can be used in whatever way makes the most sense for individual businesses; from paying employee wages, to offsetting the cost of rent, to purchasing inventory. "Small businesses are the backbone of Ontario's economy employing local people in communities across the province," said Premier Ford. "The sad fact is these business owners have suffered significantly through the pandemic, but we have had their backs with programs like the Ontario Small Business Support Grant. So far the uptake of these grants has been tremendous, and I strongly encourage all business owners to apply and access this financial relief." More than 78,000 Ontario Small Business Support Grant applications from small businesses across the province have been processed representing more than $1 billion in support. Upon approval, successful applicants will receive payment within 10 days. Applications are still open until March 31, 2021 and a detailed step-by-step instructional video on the application portal is available to help guide applicants through the process. "Our government is providing small businesses with the flexible financial support they need to address their needs and manage through this pandemic," said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. "The Ontario Small Business Support Grant and other supports are helping thousands of small businesses get through these trying times, to make sure that they are still around to contribute to our strong economic recove