Small businesses impacted by the recent floods in southern Alberta and the Regional Municipality of Wood Buffalo are now eligible for additional support for their recovery efforts.
The Small Business Rebuilding Program will provide support to small businesses with 21 to 50 full time employees and is fully funded by the Government of Alberta. This new program complements the existing Disaster Recovery Program (DRP), which provides assistance to organizations with up to 20 employees, as well as the recently announced Hand-Up plan, which provides low-interest loans and interest rebates.
“Small businesses play a big role in every community and the Alberta economy, and we want to give them the best possible chance to return to normal operations,” said Doug Horner, President of Treasury Board and Minister of Finance. “Businesses can apply now for this additional boost. This program, along with the Disaster Recovery Program and the Hand-Up Plan, is another important part of the Redford government’s strategy to rebuild Alberta.”
The eligibility criteria for the Small Business Rebuilding Program mirror program eligibility requirements for small businesses under the Disaster Recovery Program (DRP). This program also uses the same application form as DRP. It can be downloaded and mailed to the address provided on the form.
“A lot of businesses that were affected by the flooding are at risk of not being able to reopen their doors and can use all the assistance they can get. The Small Business Rebuilding Program will help businesses in the Calgary region get back on their feet and get back to business as quickly as possible,” said Adam Legge, President and CEO of the Calgary Chamber.
Our government was elected to keep building Alberta, to live within its means and to fight to open new markets for Alberta’s resources. We will continue to deliver the responsible change Albertans voted for.
Business affected by flooding? Help is available
UPDATE: July 24, 2013
The Government of Alberta is now offering a new Hand-Up Plan that will assist Alberta’s flood affected small businesses to get back on their feet through two loan and interest rebate programs.
The Alberta Flood Recovery Loan Guarantee Program will provide low-interest loans up to $1 million, which are 75 per cent guaranteed by the province. They will be offered through financial institutions and the Agriculture Financial Services Corporation (AFSC). These loans will provide longer-term assistance to participants to help them stabilize their operations and assist in rebuilding, particularly those awaiting payments through existing recovery options and requiring cash injections to continue rebuilding.
The Alberta Flood Recovery Interest Rebate Program provides rebates of four per cent interest to those participating in the Alberta Flood Recovery Loan Guarantee Program. These funds will be paid directly by the province. Small businesses can contact their financial institutions or the AFSC to determine their eligibility.
More information on these programs is available from the Alberta Small Business Recovery Program webpage.
July 9, 2013
As the water recedes in southern Alberta, retailers are beginning the arduous task of assessing the damage and rebuilding their businesses to better serve their customers. Retail Council of Canada is here to help during these difficult times and will assist members by providing information on how to access government programs and other resources that retailers may require.
If you have concerns about payment deadlines, tax filing requirements or other compliance issues and how they might be affected, you are encouraged to ask for flexibility from your financial institution, as well as government and regulatory authorities. For Albertans affected by the recent floods, the Province is there to help:
- Your Home and Business - information on home inspectors, contractors, as well as health and safety precautions
- Financial Assistance - insurance, uninsurable damage and loss, prepaid debit cards and links to other supports
- High River - information specific to the community of High River, including how you can help
- Your Community - information and links for all affected communities
Other Resources for Retailers in Alberta
- EI Work-sharing Special Measures (re emergency due to flooding) now apply in Alberta and Manitoba
- Insurance Bureau of Canada in Alberta is available to answer questions at 1-800-377-6378 or by email
- Alberta Disaster Recovery Handbook - Small businesses and landlords
- Alberta Disaster Recovery Program Handbook - Homeowners and Tenants
- Alberta Disaster Assistance Guidelines
- Government of Alberta News and Advisories - Flooding
- First Steps in Returning to Your Home and Business
For immediate RCC assistance, please feel free to contact us: