Expanding Funding to Support New Businesses
14 Jan 2021
To better support Alberta’s small business community through the ongoing public health crisis, the Alberta government is expanding the Small and Medium Enterprise Relaunch Grant to allow new businesses to apply. By expanding applications to businesses that started operating between March 1 and October 31, 2020, up 5,000 more Alberta businesses will be eligible for this funding.
New Alberta businesses impacted by public health orders will need to demonstrate a 30 per cent reduction of revenue using revenue figures from November or December 2020 compared with any prior month between March to October 2020. The payment is 15 per cent of their monthly revenue, for a maximum of $15,000 in funding available for each business.