Saturday, February 27, 2021

Small business recovery grants approved

A total of 70 applicants are receiving $2,857 each, as part of the Small Business Recovery Grant program.

Municipality of Chatham-Kent Council approved the recommended applicants at their August 10, 2020 electronic Council meeting, after previously setting aside $200,000 for the program back in June.

“Applications to the program were accepted from July 2 until July 16,” said Matt Torrance, director of financial services, in a report.

“A total of 169 applications were received. The Small Business Recovery Grant Committee met on July 21 to review the list of applicants and discussed how the approved eligibility criteria would be applied.”

Torrance said one of the eligibility criteria was that the applicant was unable or ineligible to access other forms of relief.

The committee determined that the following forms of relief identified by the applicants were ineligible for this program:

– Canada Emergency Business Account (CEBA)

– Canada Emergency Wage Subsidy Program (CEWS)

– Commercial Landlord Relief Assistance Program

– Business Development Bank of Canada

– Community Futures Development Corporation of Chatham-Kent

– Emergency Community Support Fund

“Some applicants indicated that they had received the Canada Emergency Response Benefit (CERB),” Torrance said in his report.

“This was a benefit targeted to individual incomes rather than businesses and therefore the committee determined that applicants who received CERB benefits would be eligible for this program.”

Wallaceburg businesses to receive the grant, include: Ballistic Fitness, Fiberto Works Corp, Legacy Composites Inc., Power Fitness Gym and Wendi Weedon RMT.

Dresden businesses to receive the grant, include: BLB Honey & Beekeeping Supplies and The Crappie Store, McKellars Flowers And Gifts, Sod Buster Brewing Company and Styling Salon.

The Municipality established the program to immediately assist small businesses who have been adversely affected in their revenue streams by the COVID-19 pandemic.

- Advertisment -