The Ontario government is providing additional support to eligible small businesses to help with the ongoing costs of the COVID-19 pandemic. Confirmed eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000. This support to help small business owners keep the doors open and workers employed is part of the 2021 Budget, Ontario’s Action Plan: Protecting People’s Health and Our Economy.
Launched in January, the Ontario Small Business Support Grant provides direct financial support to eligible small businesses that were required to close or significantly restrict services under the provincewide shutdown that came into effect in December 2020. Small businesses who have been determined as eligible recipients of the grant will automatically be entitled to a second payment in an amount equal to the first payment they receive. They will not need to apply again to receive this additional funding.
Eligible business owners who have not yet applied for the grant have until March 31, 2021, to submit an application. A detailed list of businesses eligible for the Ontario Small Business Support Grant is available on the application page. Business owners can also visit Ontario.ca/COVIDsupport for more information about this grant as well as Ontario’s other supports for businesses.