https://mrfa.mb.ca/wp-content/uploads/2020/10/MRFA-Logo-300x188.png 0 0 Megan https://mrfa.mb.ca/wp-content/uploads/2020/10/MRFA-Logo-300x188.png Megan2020-11-10 11:10:322020-11-10 11:12:17Province Announces New Support Programs: $5,000 Bridge Grant, Expanded Previous Programs, Pledge to $50 Million More to Additional Programs in January 2021
Today the Province announced support for small businesses. The MRFA is proud to have been part of the push to urge the Provincial government to provide our members, our industry, and small businesses across Manitoba with the supports they need during this pandemic. The following is the Province’s press release:
The new Manitoba Bridge Grant will provide $5,000 upfront to businesses, not-for-profits and charities directly impacted by the restrictions under the #RestartMB Pandemic Response System, Premier Brian Pallister announced today.
“Our priority since the beginning of the pandemic has been to protect Manitobans, and our current focus is to do so by getting COVID-19 under control and limiting the community spread of this deadly virus,” said Pallister. “We recognize that Manitoba businesses, not-for-profits and charities have made and continue to make sacrifices to protect the health and safety of our province. We want to help them make it through this critical time in our fight against COVID-19 and bridge to the future by providing relief from the financial challenges created by public health orders.”
The Manitoba Bridge Grant will provide an immediate one-time payment of $5,000 to small and medium-sized businesses, not-for-profit and charitable organizations that were directly ordered to temporarily cease operations or close their publicly accessible physical locations by Manitoba COVID-19 public-health orders in effect on Nov. 12. This includes restaurants, bars, beverage rooms, brewpubs, microbreweries, distilleries, casinos, recreation and sport facilities, museums and galleries, theatres and concert halls, as well as organizations like charities, not-for-profits and faith-based organizations that have been adversely impacted.
The premier noted the province is able to shift $100 million from other programs that have run their course as new needs emerge based on the latest restrictions and the province will seek supplemental funding if more funding is required.
“Organizations required to close have identified an urgent need for financial support as they lose revenue and struggle to make rent payments, avoid staff layoffs, find new ways to safely offer services and pay for products they ordered prior to the mandated restrictions and closures,” said Pallister. “We are building upon the generous support system we’ve created to offer Manitobans the right program at the right time. Right now, the most important thing we can do to help our small businesses is to reduce our COVID-19 cases.”
The Manitoba Bridge Grant has the capacity to be extended automatically Jan. 1, 2021, to provide an additional $5,000 to each organization should these public health orders remain in place. If required, the province would automatically process the second payment at that time with no further actions required from applicants. A January payment would increase the program total up to $200 million for impacted businesses.
In May, the province launched the Manitoba Gap Protection Program to provide $6,000 to businesses that fell into gaps in qualifying federal support programs. The program has paid out approximately $60 million to 9,800 businesses in Manitoba. Intake is now closed and the province continues to review and process the applications it received. Pallister announced the program has been converted from a forgivable loan to a grant, meaning recipients no longer have to repay the province if they received federal COVID support. This will free Manitoba businesses that received this grant to apply for the wide range of federal support programs currently available including the federal wage supports and commercial rent assist programs.
In the spring, the province also announced three wage subsidy programs and is currently reviewing applications worth an estimated $46 million. The Back to Work This Summer and Summer Student Recovery Jobs programs concluded in September, while the Back to Work in Manitoba Wage Subsidy Program has an application deadline of Dec. 1. The province will now begin providing immediate, early cash advances to employers that have applied for the Back to Work in Manitoba program for $1,500 per worker hired, and expects approximately $15 million of immediate cash-flow supports to start to flow into the hands of existing applicants within the next two weeks. Applications received between now and Dec. 1 will continue to be processed.
Pallister said the province is asking business groups for input on long-term recovery funding to encourage the long-term sustainability and adaptation of Manitoba businesses coming out of COVID-19. He invited organizations such as the Manitoba Chambers of Commerce and Economic Development Winnipeg to provide a detailed plan to government in January and committed to initial supporting funds of up to $50 million.
“We appreciate the measures the provincial government is taking to provide immediate financial support funds to businesses that have been forced to close as a result of COVID-19 public health measures,” said Chuck Davidson, president and CEO, Manitoba Chambers of Commerce.
“Many Manitoba businesses are going through a very difficult time as a result of the pandemic,” said Dayna Spiring, president and CEO of Economic Development Winnipeg (EDW). “Businesses need help now and we know the recovery is going to take time. At EDW, we look forward to working with the provincial government and the Manitoba Chambers to create a program that is impactful and will assist our business community in weathering the storm.”
The new Manitoba Bridge Grant application portal will be live Monday, Nov. 16 through www.manitoba.ca/supportsforbusiness. The deadline for applications is Dec. 15.
To read this press release on the Province’s site, please visit https://news.gov.mb.ca/news/index.html?item=49738&posted=2020-11-10