Business Support & Recovery 2020
BUSINESS RECOVERY SUPPORT
EDCNS Manufacturing Business Recovery Fund
North Simcoe manufacturers have the ability to apply to the EDCNS fund for quick turn-around financial assistance to respond to the government call for healthcare products to be developed in response to COVID-19.
Advanced manufacturing supercluster launches funding program to help scale response to COVID-19
Hamilton, ON, March 25, 2020 – Next Generation Manufacturing Canada (NGen), the industry-led organization leading Canada’s Advanced Manufacturing Supercluster, will invest $50 million to support companies as they prepare to produce critically needed technologies, equipment, and medical products to aid in the fight against COVID-19.
Twelve-step Harvard Business Review article indicates to prepare for a faster recovery than you expect and rapidly innovate around new needs
Federal Government Provides New Details of 75% Wage Subsidy and Loan Program
Breaking News – March 30, 2020. The Federal Government increased the 10% wage subsidy for small and medium-sized businesses adversely affected by COVID-19 to a 75% wage subsidy for qualifying businesses. The announced subsidy is intended to be backdated to March 15, 2020.
Prime Minister announces support for small businesses facing impacts of COVID‑19
Breaking News – March 27, 2020. Backdated to March 15, the federal government will now subsidize 75 percent of payroll for small and medium-sized businesses deemed eligible.
Department of Finance – Additional Support for Canadian Businesses from the Economic Impact of COVID-19
READ MORE >
Call to action: Canadian manufacturers needed to help combat COVID-19
Canada’s COVID-19 Economic Response Plan
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.
Support for Businesses
- Avoiding layoffs
- Access to credit
- Support for farmers
- Supporting financial stability
Canada Student and Canada Apprentice Loans paused for repayment to September 30, 2020. Read Canada Student Loans section here.
Temporary Wage Subsidy for Employers
BDC: Support for entrepreneurs impacted by the coronavirus COVID-19
Resources for Canadian businesses: COVID-19
EDC: Ready to support Canadian exporters impacted by COVID-19
Canada’s Six Biggest Banks Take Decisive Action To Help Customers Impacted by COVID-19
Effective immediately, Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank have made a commitment to work with personal and small business banking customers on a case-by-case basis to provide flexible solutions to help them manage through challenges. This support will include up to a six-month payment deferral for mortgages, and the opportunity for relief on other credit products.
Government of Ontario Newsroom
News, Office of the Premier
Ontario Together: Seeking proposals for supplies, innovation, ideas
Ontario welcomes help from businesses and organizations who can supply emergency products and innovative solutions to support our response to Covid-19. If you need help making an online submission, call 1-888-777-0554. READ MORE >
SUPPLIES–SUBMIT A PROPOSAL
INNOVATION–SUBMIT A PROPOSAL
- Virtual mental health
- Supply chain resiliency monitoring
- Financial planning and advice online
IDEAS–SUBMIT A PROPOSAL
Proposal summary must include:
- an explanation of the proposed idea, product or service
- information about how the proposal will help fight COVID-19 in Ontario
- references to relevant examples from Ontario or other jurisdictions (if applicable)
- the suggested contractual arrangement with government and procurement model to deliver this proposal
- potential risks
Ministry of Heritage, Sport, Tourism and Culture Industries
The Ministry has convened a series of advisory groups with leading sector stakeholders.
Office of the Premier
New legislation to come on job protections for workers who take leave from work – March 16, 2020.
Ministry of Finance
The Cabinet Committee will be performing consultations with big and small businesses across the province – March 16, 2020.
Ministry of Labour, Training and Skills Development
Ontario Legislature – Amendments to the Employment Standards Act
Today [March 20, 2020], the Ontario Legislature passed the Employment Standards Amendment Act (Infectious Disease Emergencies), 2020 to provide job-protected leave to employees in isolation or quarantine due to COVID-19, or those who need to be away from work to care for children because of school or day care closures or to care for other relatives. A summary of the legislative changes can be found here.
Job protected leave
In addition, Ontario has declared an emergency due to COVID-19. In a declared emergency, an employee has the right to take an unpaid, job-protected leave if the employee is unable to perform the duties of his or her position due to the emergency and certain circumstances apply. More information will be available soon in Your Guide to the ESA.
The Government of Ontario is providing electricity rate relief to families, small businesses and farms for 45 days
OCE’s Pan-provincial collaboration platform
OCE has launched a platform to connect seeker and providers in them commercialization/technology/manufacturing space.
Enacted business support measures will be posted as they occur
Town of Midland
March 23, 2020 – The Town of Midland has written to the Prime Minister outlining a financial aid plan it thinks would help homeowners and businesses through the Covid-19 crisis. READ MORE >
Town of Penetanguishene
Township of Tay
Township of Tiny
County of Simcoe – Business Impact Survey
In an effort to monitor the progression of COVID-19 on local businesses, the County of Simcoe, and partners are seeking your assistance in providing information on how we can best support your business. Your input is valuable and will help guide us during this challenging time. In a few months we may repeat this survey to gain an understanding of the changing conditions and business needs.
Take the survey here.
Business association information and webinars
We are here for you and your business
A message from Michael Denham, President and CEO, BDC
Important surveys and forms
Government of Canada: If you are a business able to supply products and services in support of Canada’s response to COVID-19, the Federal Government is asking companies to complete this form.
RT07 Survey: COVID-19 Impact on Ontario Tourism Operations
County of Simcoe – Business Impact Survey: In an effort to monitor the progression of COVID-19 on local businesses, the County of Simcoe, and partners are seeking your assistance in providing information on how we can best support your business. Your input is valuable and will help guide us during this challenging time. In a few months we may repeat this survey to gain an understanding of the changing conditions and business needs. Take the survey here.