Saskatchewan announces support measures for small businesses
The Government of Saskatchewan is pledging to help small businesses pay for changes as they adapt to the COVID-19 pandemic.
The province announced the new Strong Recovery Adaptation Rebate (SRAR) on Monday. In a media release, the program is described as an assistance fund that will aid business who are forced to change their business model, install physical infrastructure to meet the province’s COVID guidelines, or upgrade websites and other technology to help keep their business afloat.
“This program is one more tool to help small businesses navigate the challenging situation we currently face,” said Trade and Export Development Minister Jeremy Harrison in the release. “Small businesses are continuing to do their part by not only protecting public health, but also helping to ensure a strong economic recovery in both the weeks and months ahead, and in the longer term as well.”
The rebate will be provided to businesses that have fewer than 100 employees, have seen their revenue drop by 30 per cent or more compared to last year, and will have incurred expenses to change their business model in some way between April 1, 2020, and Feb. 28, 2021.