Applications now open for $10,000 – $20,000 small business grant.

January 15, 2020

Applications are now open and full details available for the Ontario Small Business Support Grant (OSBSG) which I advised you of on December 21, 2020.

The grant provides a minimum of $10,000 to a maximum of $20,000 to eligible small businesses who have had to restrict their operations due to the Provincewide Shutdown which began December 26, 2020.

As I noted in my earlier email, the OSBSG is a one-time grant and the funding may be used in whatever way makes the most sense for each individual business. For example, some businesses could need support paying employee wages, while others could need support with their rent.

Eligible small businesses include those that:

  • Were required to close or significantly restrict services due to the Provincewide Shutdown being imposed across the province effective 12:01 a.m. on December 26.
  • Have fewer than 100 employees at the enterprise level.
  • Have experienced a minimum of 20 per cent revenue decline in April 2020 compared to April 2019. New businesses established since April 2019 will also be eligible if they meet the other eligibility criteria.
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More information about the Ontario Small Business Support Grant and other rebates is available on the Ontario government website at Ontario.ca/COVIDsupport.

The full text of the News Release can be found at »» this page on the Ontario government website.