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Alberta extends COVID-19 financial aid program for small, medium-sized businesses

Last Updated Feb 17, 2021 at 3:00 pm MDT

Alberta Premier Jason Kenney announces $43 million in repairs and improvements to provincial parks at a news conference in Calgary, Alta., Tuesday, Sept. 15, 2020. THE CANADIAN PRESS/Todd Korol

EDMONTON — Alberta is launching the next phase of funding to help keep small and medium-sized businesses solvent during the COVID-19 crisis.

Premier Jason Kenney says an extra $10,000 will be made available per organization.

That is on top of previous grants of no more than $20,000 for a new maximum of $30,000.

It’s part of a new $120-million Enhanced COVID-19 Business Benefit.

Eligible businesses must have fewer than 500 employees and have seen revenue plunge by at least 60 per cent during the pandemic.

The province hopes to have the program running by April.

This report by The Canadian Press was first published Feb. 17, 2021.

The Canadian Press