The Ontario government is providing one-time payments of $10,000 to $20,000 to support eligible small businesses struggling to recover from the impact of COVID-19 pandemic through the new $100 million Ontario Tourism and Travel Small Business Support Grant.
Prior to the pandemic, Ontario’s tourism industry generated more than $36 billion in economic activity and supported more than 400,000 jobs across the province.
This program is designed to help the tourism industry reclaim its place as an economic powerhouse and key job creator in Ontario.
This grant will support eligible small tourism and travel businesses that did not receive the Ontario Small Business Support Grant (OSBSG). It is designed for businesses such as; travel agents, hotels, motels, resorts, bed and breakfasts. To qualify, businesses must have fewer than 100 employees and demonstrate they have experienced a minimum 20 per cent revenue decline between 2019 and 2020.
“Small tourism and travel businesses are a crucial and valued part of any community, and especially here in the beautiful Thousand Islands Region,” said Steve Clark, MPP for Leeds-Grenville-Thousand Islands and Rideau Lakes and Minister of Municipal Affairs and Housing. Small business owners can use the grant in whatever way makes the most sense for their business. Applications for this grant will close on Friday, June 25, 2021.
Eligible business owners can apply for the Ontario Tourism and Travel Small Business Support Grant, as well as support to help with the cost of property taxes and energy bills online. Visit Ontario.ca/COVIDsupport for further eligibility details and to apply. For information on eligibilty and how to apply:https://www.ontario.ca/page/businesses-get-help-covid-19-costs