2021 Budget invests $1.7 billion in second round of payments through the Ontario Small Business Support Grant for eligible small businesses
Small businesses have faced some of the most difficult impacts of COVID-19, all while continually stepping up to help their communities and bringing forward their innovative ideas and solutions throughout the pandemic.
Recognizing this, our PC government is providing additional support to eligible small businesses to help with the ongoing costs of the COVID-19 pandemic. Confirmed eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000.
This support to help small business owners keep the doors open and workers employed is part of the 2021 Budget, Ontario’s Action Plan: Protecting People’s Health and Our Economy.
Through these two rounds of support, the Ontario Small Business Support Grant is projected to deliver an estimated $3.4 billion to approximately 120,000 small businesses across Ontario, protecting jobs through this difficult time. Businesses can use the support in whatever way makes the most sense for them. For example, some businesses could use the support to pay employee wages, while others may need support maintaining their inventory.