8.6 C
New York
Tuesday, July 27, 2021
Home Canadian News ACOA launches new fund to help small businesses weather COVID-19

ACOA launches new fund to help small businesses weather COVID-19

Financial support is coming to Atlantic Canadian businesses struggling to weather the impact of the COVID-19 outbreak.

On Wednesday, the Atlantic Canada Opportunities Agency launched a Regional Relief and Recover Fund (RRRF.) Businesses and organizations that are unable to access other existing measures can apply for the fund through ACOA.

A news release from ACOA indicates that many small businesses are still “falling through the cracks” and are ineligible for other forms of relief or federal support, particularly in rural and remote communities.

The RRRF is designed specifically for small- and medium-sized businesses in sectors such as manufacturing, technology, tourism and others that are “key to the regions and local economies,” according to the release.

A total of $110 million will be available for Atlantic Canadian businesses.

The funding is being delivered through the Regional Development Agencies.

In a news release, the federal government said those agencies are “best positioned to provide this additional support because they work closely with communities across the country every day and are familiar with diverse local realities.”

Those interested in applying can fill out the application form online.

Source link

Today news
Today News 1 runs four of the western GTA’s most influential media websites, offering news, food, lifestyle and entertainment coverage for millions to the Golden Horseshoe and GTA regions. The independently-run, online news source was founded in 2019 and specializes in everything from breaking news to food and restaurant, arts and entertainment and lifestyle coverage.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Australian company BHP makes takeover bid for Canada’s Noront Resources

Another Australian company is moving forward with a takeover bid for Noront Resources, with a cash offer for all outstanding and issued shares of the Canadian...

Wildfires in Canada are creating their own weather systems, experts say

A combination of intense heat and drought conditions is causing wildfires in Western Canada to generate their own weather systems, experts say. Michael Fromm,...

To prepare for future heat waves, classify air conditioners as medical devices, UBC expert says

Barbara Reed did everything she could to help Ollie O'Rourke keep cool on a late June evening during the deadly heat wave in...

Well water fears fuel calls to halt proposed bottling plant near B.C. village

Angie Kane knows how important well water is when you live in the heart of dry, rural B.C. For 17 years, she...

Recent Comments