The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that were ordered to close or curtail operations, and that experienced a revenue reduction of at least 50%, as a result of the COVID-19 pandemic.
Eligible organizations can apply for 15% of their pre-COVID-19 revenue, up to a maximum of $5,000 in funding.
Businesses, cooperatives and non-profits can use these funds as they see fit to help offset a portion of their relaunch costs, such as implementing measures to minimize the risk of virus transmission, which could include:
- physical barriers
- purchasing personal protective equipment and disinfecting supplies
- paying rent and employee wages
- replacing inventory and more
The program provides a one-time payment to organizations that saw a 50% revenue reduction in April or May 2020 due to the COVID-19 pandemic.
Grant funding amounts are calculated based on 15% of the eligible organization’s pre-COVID-19 monthly revenue up to a maximum of $5,000 per business, cooperative or non-profit organization.
Application intake will remain open until August 31 or for 4 weeks following the start of Phase 3 of Alberta’s Relaunch Strategy – whichever is later.
