Alberta expands Relaunch Grant programDecember 10, 2020
Alberta’s government is lowering the threshold and increasing the grant amount of the Small and Medium Enterprise Relaunch Grant in its effort to help businesses impacted by COVID-19 restrictions.
The program initially announced in the spring and updated in November is now expanding to include those who have experienced a 30% revenue loss due to the COVID-19 pandemic. This lowers the threshold from the existing requirement of 40% revenue loss.
The grant will also now provide a payment of 15% of pre-pandemic monthly revenues up to a maximum of $15,000 – for a total of $20,000 in potential funding available for each business, up from the original $5,000.
More program details are outlined on the program webpage.