2021 Ontario Small Business Support Grant

Posted
December 21, 2020
in

Announced on December 21, 2020, a new Ontario Small Business Support Grant will provide between $10,000 and $20,000 for small businesses required to close or significantly restrict services under the Province-wide Shutdown that begins on December 26, 2020. This grant will provide businesses with “dollar for dollar funding” to help small businesses with the expected revenue decline as a result of the December shutdown. To be eligible, a business must:

  • Be required to close or restrict services due to the December 26 Province-wide Shutdown
  • Have fewer than 100 employees at the enterprise level
  • Have experienced a minimum 20% revenue decline comparing April 2020 to April 2019
    • Eligibility criteria for businesses not in operation during this period will be announced in January 2021.

A list of eligible small businesses can be found here. Initial details regarding the grant are limited and many questions, including how to apply, are expected to be answered in January 2021.

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