Province Launches New Ontario Tourism and Travel Small Business Support Grant. Read more here.
The Ontario government has launched a new Ontario Tourism and Travel Small Business Support Grant that will provide one-time payments of $10,000 to $20,000 to eligible small tourism and travel businesses struggling to recover from the impact of the COVID-19 pandemic. The province has invested $100 million for this grant.
This grant will support eligible small tourism and travel businesses that did not receive the Ontario Small Business Support Grant (OSBSG), such as travel agents, hotels, motels, resorts, and bed and breakfasts. To qualify, businesses must have fewer than 100 employees and demonstrate they have experienced a minimum 20 per cent revenue decline between 2019 and 2020.
Small business owners can use the grant in whatever way makes the most sense for their business. Applications for this grant will close on Friday, June 25, 2021.