EDIT: Please note that Federated Insurance has informed the MRFA that applications for this grant have now closed due to a large response upon opening which has filled their capacity.
Submitted from Associate Member Federated Insurance, and contact Wayne Budge:
Federated Insurance know it’s been a challenging year for many small businesses. That’s why our parent company, Northbridge Financial Corporation, has established a $2 million grant program to assist its customers who have been impacted by the pandemic.
This program, a portion of which is open to Federated Insurance policyholders and which is administered nationally by the Ontario Chamber of Commerce, provides a one-time grant of up to $5,000 to help eligible customers cover pandemic-related expenses incurred since March 15, 2020, including:
- Purchase of Personal Protective Equipment (PPE)
- Renovation of space to adhere to re-opening guidelines
- Website enhancements/development of e-commerce capabilities
- Other expenses related to operating and sustaining the business during the pandemic
This is not a loan or line of credit. It does not need to be repaid and will not impact future insurance coverage or premiums.
MRFA Members with up to $3 million in revenue, fewer than 75 employees and property insured by Federated on December 1, 2020, are eligible to apply online at https://occ.ca/federated-insurance. Federated clients have been advised directly.
In addition to this grant program, Northbridge Financial has donated an additional $1 million to Canada United to replenish a separate fund supporting all small business across the country. Learn more about Canada United at gocanadaunited.ca.
Please feel free to contact me (Wayne) or Reza Kamrani ([email protected]) with any questions,
Wayne Budge, BA, CIP
Manager, Association Partnerships
255 Commerce Drive, P.O. Box 5800, Winnipeg, MB, R3C 3C9
Cell: 204.295.0432 Office: 204.784.6741 TF: 1.800.665.1934
[email protected] | www.federated.ca
We know this is a challenging time for businesses. Please visit our resource page for information on how to help mitigate risk, develop business continuity and pandemic response plans, and access government resources.