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Daily Update: July 10, 2020

July 10, 2020

Supports for Business Emergency Funding for COVID-19 Safety Measures in Forest Operations The government announced intent to provide up to $30 million to offset additional costs associated with COVID-19 safety measures for small and medium enterprises in the forest sector, including tree-planting operations. More specifically, today’s investment will help cover extra costs for things like…

Daily Update: July 9, 2020

July 9, 2020

Supports for Business New 10 Year Grant to the Petrochemical sector The Alberta Petrochemicals Incentive Program, part of Alberta’s Recovery Plan, will bring multi-billion dollar investments to petrochemical projects throughout Alberta, helping to strengthen and diversify the province’s economy and create new jobs for Albertans. Key features include: A 10-year program period during which eligible…

Daily Update: July 8, 2020

July 9, 2020

Supports for Business COVID-19 Economic Response Plan: Impact on Business Canada Emergency Business Account (CEBA) As of July 3, 688,000 applicants have been approved for CEBA for a total of $27.41 billion in funds disbursed, including $7 billion of which is forgivable if the loan is paid back before December 31, 2022. Over 65 per…

Daily Update: July 7, 2020

July 7, 2020

Supports for Business Restoring Balance in Alberta’s Workplaces Act Bill 32 will provide employees and employers with clearer and more transparent rules promoting fairness and productivity, including more clarity about rest periods and temporary layoff notices.To help inform these proposed changes, 5,421 responses were received during an online public survey conducted in November 2019. Key…

Daily Update: July 6, 2020

July 6, 2020

Supports for Business Bank Of Canada Releases Business Outlook Survey—Summer 2020 This morning the Bank of Canada released its quarterly summary. Results from the summer Business Outlook Survey suggest that business sentiment is strongly negative in all regions and sectors due to impacts from the COVID 19 pandemic and the drop in oil prices. Firms…

Daily Update: July 3, 2020

July 3, 2020

Supports for Business Additional temporary service reductions at select Canadian ports of entry Canada Border Services Agency (CBSA) is temporarily reducing service hours at additional land, air, and marine ports of entry (POE) in addition to deferring seasonal opening hours at select POEs. These COVID-19 related measures are temporary and in effect as of July…

Daily Update: July 2, 2020

July 2, 2020

Supports for Business Government Announces Extension of Rent Relief Program for Small Businesses Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to cover eligible small business rents for July. In addition, to simplify the application process for all applicants, the government is removing…

Business Beat: Navigating the Waters

July 2, 2020

As an ex-entrepreneur, if there really is such a thing, I lived through some tough times. I understand the angst that is brought on by economic downturns, recessions, and low commodity prices. The absolute despair that can overtake the toughest, savviest and even most successful business owner when there is a crisis, is something that…

Daily Update: June 30, 2020

June 30, 2020

Supports for Business City of Medicine Hat & Tourism Medicine Hat Launch #myMHsummer Campaign A partnership between the City of Medicine Hat, Invest Medicine Hat (IMH) and Tourism Medicine Hat is helping residents rediscover the city and celebrate beautiful staycation destinations right here in Medicine Hat. The campaign will target residents and visitors and a…

Daily Update: June 29, 2020

June 29, 2020

Supports for Business Alberta’s Recovery Plan The province revealed their plan for economic recovery today which includes corporate tax relief, infrastructure spending and investment into diversification of the economy. Here are some details: Strategic infrastructure projects The government will launch a series of large-scale infrastructure projects this summer at a total cost of $612 million.…

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