Ontario Offers $100 Million for Small Tourism/Travel Businesses
May 13, 2021 Jim Byers
The province of Ontario is offering $100 million in grants to hard-hit tourism and travel businesses, including small hotels, resorts and bed & breakfast operations.
Tourism Minister Lisa MacLeod said the grant will provide one-time payments of up to $10,000 to $20,000 to support eligible small businesses struggling to recover from the impact of COVID-19.
“This grant will support small tourism and travel businesses that did not receive the Ontario Small Business Grant,” MacLeod said, adding that it applies to motels, hotels, travel agents and other businesses.
The minister said business owners can use this grant for whatever they think makes the most sense for them.
“That could be employing more people, paying their rent or turning their attention to marketing.”
Applications open today and will close Friday June 25, 2021.
To be eligible, businesses must meet all of the following requirements:
- They must be an eligible type of tourism or travel business in Ontario as of April 30, 2021.
- They would not have received the Ontario Small Business Grant.
- They must have had 99 or fewer employees on April 30, 2021, and
- They must have had a evenue decline of at least 20% if the business began operating or was acquired before July 2, 2019.
The grant is estimated to support more than 7,700 businesses, MacLeod said.
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