Announced in the 2021 Ontario Budget, confirmed, eligible recipients of the Ontario Small Business Support Grant will automatically receive a second payment equal to the amount of their first payment, for minimum total support of $20,000 up to a maximum of $40,000 — no new application necessary.
The Ontario Small Business Support Grant is projected to deliver an estimated $3.4 billion to approximately 120,000 small businesses across Ontario, protecting jobs through this difficult time. To meet the unique and individual needs of our hardworking small businesses, this support is provided with maximum flexibility in mind. Whether it’s funds to maintain inventory, an investment in new technology, or some extra help to cover wages to help employees make ends meet – small businesses across Ontario can put this support to work for them.
Confirmed eligible businesses can expect to receive their second payment later in the spring.
Eligible business owners who have not yet applied for the grant have until March 31, 2021, to submit an application. A detailed list of businesses eligible for the Ontario Small Business Support Grant is available on the application page. Business owners can also visit Ontario.ca/COVIDsupport for more information about this grant as well as Ontario’s other supports for businesses.