The ongoing impact of COVID-19 on our economy is unprecedented, and we know that current market conditions are extremely challenging for our community. As a result, the federal and provincial governments have launched several support programs designed to sustain your business through this pandemic.
Given the sheer volume of information in the media regarding emergency relief programs, New Media Manitoba is sharing the following short list of the most relevant programs to support your business:
The CMF has received $88.8 million in emergency funding to distribute to recent CMF clients, to help meet the financial needs for business continuity of operations and to help safeguard jobs and support employees in our industry, so they are in a better position to recover once the pandemic subsides. Applications for funding open Wednesday, May 20, 2020.
Launched May 13, 2020. Applications are accepted on an ongoing basis. The RRRF will close once it successfully distributes funds to eligible businesses across Western Canada. Check out their Eligibility Assessment Tool.
Announced April 24, 2020. $120 million is available for employers to access a $7 per hour wage subsidy, up to a maximum of $5,000 per student employed between May 1 and September 4, 2020.
Launched April 27, 2020. Recently extended by 12 weeks to August 29, 2020. More info to come soon.
The Canada Emergency Student Benefit (CESB) provides financial support to post-secondary students, and recent post-secondary and high school graduates who are unable to find work due to COVID-19.
Interest-free loans of up to $40,000 to small businesses and not-for-profits. Contact your current financial institution (see list of participating banks in the above link) to submit an application.
Provides financial support to employed and self-employed Canadians who are directly affected by COVID-19. Those eligible can receive $2,000 for a 4-week period (the same as $500 a week). Apply directly through the Canadian Revenue Agency (CRA)
Provides relief for small businesses experiencing financial hardship due to COVID-19. The application portal opens Monday, May 25, 2020.
Designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer.
Provides a one-time $6,000 non-interest bearing forgivable loan to Manitoba small and medium-sized businesses that have experienced hardships in Manitoba as a result of the COVID-19 pandemic and related public-health orders. If you require assistance in completing the online form (Link located in the “Application” section of the link above), please contact the Manitoba Economic Assistance Office at 1-888-805-7554.
Our partners have also created the following toolkits with key program resources:
Closed Programs & Applications
(Archived here for your reference or in case they open again)
Please feel free to contact us if you have any questions.