Everyone and everything has been affected by the new public health restrictions that start on December 13th, and this includes your business. Premier Jason Kenney announced on Tuesday, December 8th that there were changes coming to the Alberta Relaunch Grant. Your company may now be eligible for the new program changes. If you are eligible, the application process will remain open until March 31, 2021.
To be eligible, you must meet the following criteria:
- have experienced a 30% revenue loss (previously 40%) as a result of COVID restrictions and closures
- been operating February 29, 2020
- have less than 500 employees
- maintain a permanent establishment within Alberta
- have been ordered to temporarily close or curtail operation from COVID-19 restrictions
- are open or plan to reopen when public health orders have been lifted
- If eligible, you can receive up 15% of pre-COVID monthly revenues up to a max of $5000 in funding (with an additional $15,000 second payment that will be available in coming weeks per the announcement Tuesday)
- The grant money can be used however you see fit whether for rent, wages, or barriers and PPE
- If you are now eligible for the 30% revenue loss, it is available retroactively to March 2020
- To be eligible you cannot have received any payments, grants or amounts directly from federal, provincial or insurance sources except:
- Alberta Workers’ Compensation Board premium relief
- Business Credit Availability Program (BCAP)
- Canada Emergency Business Account (CEBA)
- Western Economic Development Regional Relief and Recovery Fund
- Canada Emergency Wage Subsidy (CEWS)
- Canada Emergency Commercial Rent Assistance (CECRA)
- Canada Emergency Response Benefit (CERB)
- Government of Alberta grant relief funding for the childcare sector
- Relief funding from municipalities
- Organizations with multiple Alberta permanent physical establishments are eligible to apply for funding for each establishment affected. They will have to submit a separate application for each location.
- The grant is a taxable benefit and must be declared on annual returns.
- If your business creates jobs, you may be eligible for the additional 2nd payment of up to $15,000. More details to come.