Offices in Ottawa and Perth
(613) 722-1500

CONTACT US (613) 722-1500

Small Business Relief Fund Launched by the Canadian Chamber of Commerce (updated on June 2, 2020)

Small Business Relief Fund Launched by the Canadian Chamber of Commerce (updated on June 2, 2020)

By:

Posted May 28, 2020

The Canadian Chamber of Commerce’s Canadian Business Resilience Network, in collaboration with Salesforce, recently launched the Small Business Relief Fund, which will provide grants of $10,000 each to 62 small Canadian businesses in order to assist their recovery from the COVID-19 pandemic and support their resilience.

Businesses can use the grant funds to pay salaries, acquire safety and personal protective equipment for staff, replenish materials, and institute measures to adapt their business models to the economic impacts of the pandemic.

In order to be eligible for a grant, a business must:

  • be a for-profit company
  • belong to a chamber of commerce, board of trade, or association that is a member of the Canadian Business Resilience Network
  • have 2-50 employees
  • have been operational for at least 2 years as of March 1, 2020
  • have an annual revenue between $150,000 and $5,000,000
  • have been negatively affected by the pandemic
  • meet the other eligibility criteria set out in the program’s terms and conditions

A small business can apply for a grant online from June 1, 2020, until 8:00 p.m. ET on June 12, 2020. The application must demonstrate how being a grant recipient would assist the business to recover from the pandemic and support its resilience.

The assessment of the application by the Canadian Business Resilience Network will be based on the following criteria:

  • the business’s current financial situation
  • how the business will use the grant to change or innovate
  • how the change or innovation will sustain the business’s recovery and allow it to prosper
  • role of the business in the community

The grant recipients will be announced in late June 2020. The funds are expected to be disbursed to the recipients shortly afterwards.

Grant recipients may be asked to provide a video or a written case study indicating how they used the grant funds. The Canadian Chamber of Commerce and Salesforce may share such information with the public.

For more information regarding the Small Business Relief Fund, please visit the Canadian Business Resilience Network website.

This blog post was written by Marina Abrosimov, a member of the Business Law team.  Marina can be reached at 613-369-0363 or at marina.abrosimov@mannlawyers.com.

More Resources

Blog |
Wills, Trusts and Estates
By: 

Posted November 28, 2023

As a lawyer who has worked in the field of Wills and Estates for the last three years, I get the following question quite a[...]
Blog |
Family Law
By: 
Amongst the profession, we often refer to domestic contracts prepared by the parties themselves without legal advice as “kitchen table agreements”. In May 2023, the[...]
Blog |
Wills, Trusts and Estates
By: 

Posted November 7, 2023

What is a Power of Attorney document? A Power of Attorney is a legal document that authorizes someone else, known as your “attorney” to act[...]
Blog |
Real Estate
By: 

Posted November 6, 2023

If you enter into an Agreement of Purchase and Sale to buy a new build home, your offer could be conditional on having your lawyer[...]
Blog |
Wills, Trusts and Estates
By: 
Do I need a Will? A short answer is most likely. If you possess assets of value, such as chequing or savings accounts, investments, a[...]
Blog |
Real Estate
By: 

Posted October 31, 2023

The Status Certificate is a document written by a condominium corporation that discloses certain financial, governance, and legal information about the condominium corporation and a[...]
Marina Abrosimov

Marina Abrosimov

As a corporate and commercial lawyer, I provide clients with a wide range of services, including assisting in acquisition and sale of businesses, commercial leasing, business formation and governance, as well as drafting and reviewing a variety of commercial contracts. In addition, I advise both franchisees and franchisors on franchise agreements and disclosure requirements. I graduated from the University of Toronto in 2006 with a Bachelor of Science (with high distinction), completing a research specialist program in psychology. I obtained my Juris Doctor degree from the University of Toronto in 2009 and was called to the Bar the following year. Prior to joining Mann Lawyers in 2019, I practiced as a corporate and commercial lawyer in a mid-size Ottawa law firm. I am a member of the Canadian Bar Association, the Ontario Bar Association, and the County of Carleton Law Association. Born in Russia and raised in Israel and Canada,... Read More

Read More About Marina Abrosimov

Subscribe to Our Newsletter

"*" indicates required fields

Name*
Consent*
This field is for validation purposes and should be left unchanged.