Business Funding Opportunities

Here are some regional funding opportunities for businesses to pivot their products and services in response to COVID-19, enhance their digital footprint, start an on-line store, or to assist with regular operations and succession planning: 

In order to support the local economy in these times, Saugeen Economic Development Corporation (SEDC) is once again offering local SMEs COVID-19 financial help through the Regional Relief and Recovery Fund (RRRF).  The RRRF offers support to SMEs that cannot access programs including the Canada Emergency Wage Subsidy or the Canada Emergency Business Account. Support is also available for businesses that have already accessed COVID-19 relief measures and continue to experience hardship. This fund helps to mitigate the financial pressures experienced by businesses to allow them to continue operation, including paying their employees. It also supports businesses and communities to prepare now for a successful recovery.

The 2nd round of RRRF provides financial contributions (interest-free loans) to help support operating costs where business revenues have been affected by the COVID-19 pandemic. Businesses can apply for loans up to $40 000 with zero percent interest and no payments until March 31st, 2023. Additionally, 25 percent (not to exceed $10, 000) can be forgiven provided the recipient has paid 75 percent of the loan by March 31st, 2023.

Contact Saugeen Economic Development Corporation at 1-877-335-7332 (SEDC) or sbdc.ca

 

COVID-19 Recovery Funds Still Available!

RTO7 is providing support to its tourism operators in BruceGreySimcoe through its COVID-19 Recovery Plan. Click on the links below to learn more & to apply:


Have questions? Need more info? Email info@rto7.ca

 

  

Ontario's Main Street Relief Grant: PPE support

We are helping small businesses with the unexpected costs of PPE.

Eligibility

To be eligible, your business must have two to nine employees and be in one of the following sectors:

  • retail
  • accommodation and food services
  • repair and maintenance
  • personal and laundry services

What you’ll get

Eligible small businesses will get one-time grants of up to $1,000.

 

Property tax and energy bill rebates

Businesses that were required to shut down or significantly restrict services due to provincial public health measures (in areas with modified Stage 2 restrictions or categorized as control or lockdown) can apply for rebates, provided in the form of grants, to help with their fixed costs.

Eligibility

Support is available for businesses that were required to close or significantly restrict services as a result of provincial modified Stage 2 public health measures announced on October 9, 2020. Going forward, areas categorized as control or lockdown qualify.

Types of businesses that are eligible for support include:

  • restaurants and bars
  • gyms, facilities for indoor sports and recreational fitness activities
  • performing arts and cinemas
  • bingo halls, gaming establishments, casinos, conference centres and convention centres
  • community centres, multi-purpose facilities, and museums
  • personal care services (with the exception of oxygen bars)
  • racing venues
  • meeting or event space
  • in-person teaching and instruction

Find out if your business is eligible to recover costs for personal protective equipment (PPE) or for rebates to help with fixed costs, such as property tax and energy bills.

 

Thinking of retiring or selling your business?

Request a Coupon Code! SuccessionMatching.com is an online community of business buyers, sellers, and succession planning professionals. Saugeen Connects has partnered to provide our business community with a complimentary coupon code to begin their succession plan: Match with the perfect business buyer of seller using Succession Matching's unique compatibility algorithm; Simple and easy to use privacy settings to help you control who sees your information; Owners can sell their business and farms commission free.

Contact April Marshall, Economic Development Manager, Town of Hanover 519-364-2780 x 1253 or email amarshall@hanover.ca

 

WHAT IS DIGITAL MAIN STREET?

Digital Main Street is a program and service that helps main street businesses achieve digital transformation. The program is built around an online learning platform, structured training programs, and provides support with the use of a Digital Service Squad.

The Digital Transformation Grant Program provides Digital Transformation training and guidance and provide the opportunity for main street businesses to apply for a grant of up to $2,500. Sign up to receive information on the grant program.  

Learn more about the Digital Main Street program 

 

DMS ShopHERE

ShopHERE provides businesses a quick, easy and no-cost way to get selling online right away.

The COVID-19 crisis has highlighted the importance of bricks and mortar stores having an online presence to sell their goods and services.

The ShopHEREprogram offers independent small businesses (with a location or home-based) and artists the opportunity to get a cost-free online store.


*The program and build of the website are done at no cost, but businesses are responsible for the Shopify monthly fee after the 90-day trial.


ShopHEREis supported by a number of community and corporate partners, including Toronto Association of Business Improvement Areas, Shopify, Google, Mastercard, Microsoft, Magnet, and The Schulich School of Business -York University.

Learn more about the ShopHERE https://digitalmainstreet.ca/shophere/