Canada’s federal COVID-19 Economic Response plan provides nearly $3.9 million to support 27 small and medium-sized businesses through the Regional Relief and Recovery Fund

November 12, 2020 – Sault Ste. Marie, ON – Federal Economic Development Initiative for Northern Ontario – FedNor

Canada’s COVID-19 Economic Response Plan, designed to stabilize the Canadian economy during the global pandemic, has helped protect millions of jobs, provide emergency support to families, and keep businesses afloat. One of its key programs, the Regional Relief and Recovery Fund (RRRF) delivered through the Regional Development Agencies such as FedNor, has assisted nearly 14,000 clients across Canada including more than 4800 women-owned or operated businesses and 2500 tourism businesses. In Northern Ontario alone, it has supported more than 777 businesses and organizations – including 267 tourism, 110 women-owned or operated and 60 Indigenous businesses – helping them mitigate the financial pressures caused by the pandemic while maintaining more than 3,300 jobs in the region.

Funding to bolster workers and businesses in Northcentral Ontario and the Timmins-James Bay region

The Government of Canada is continuing to do all that it can to provide support to those who need it the most. That is why Terry Sheehan, Member of Parliament for Sault Ste. Marie and Parliamentary Secretary to the Minister of Economic Development and Official Languages and Minister responsible for FedNor, today announced that nearly $3.9 million has been provided to support businesses and organizations in Northcentral Ontario and Timmins-James Bay facing financial hardship due to the COVID-19 pandemic. The announcement was made on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister for FedNor.

Today’s funding, provided through the RRRF, is enabling 27 small and medium-sized businesses and organizations such as Tourism Sault Ste. Marie, Timmins Chamber of Commerce and Destination Manitoulin Island, to bridge the financial gap caused by the pandemic. The announcement covers various communities in Northcentral Ontario, including Sault Ste. Marie, Algoma, Manitoulin, Hearst and Kapuskasing, as well as Timmins, Kirkland Lake and the James Bay region.

The RRRF, which is still accepting applications, provides financial contributions to help support businesses and organizations with their operating costs, where revenues have been negatively impacted by the COVID-19 pandemic.

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