The Government of Canada invests $50 million towards helping businesses across the region adopt digital technologies to recover from the pandemic and emerge stronger.
The COVID-19 pandemic has had a severe impact on businesses of all sizes across the country. In particular, retail-oriented main street businesses have suffered with stores closed and in-person commerce halted. From the outset, the Government of Canada has taken action to support sectors affected by the pandemic, including the Regional Relief and Recovery Fund (RRRF), launched on May 13.
The national $962-million fund, delivered through Canada’s regional development agencies, supports small- and medium-sized enterprises (SMEs) across Canada that have been unable to get access to existing relief measures. In southern Ontario, FedDev Ontario is delivering $213 million to provide short-term financial relief and help businesses recover.