ECONOMIC DEVELOPMENT NEWSLETTER
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MUSKOKA BUSINESS RECOVERY FUND (MBRF)
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The MBRF is a fund supported by FedNor though the Regional Relief and Recovery Fund (RRRF) and the District of Muskoka, and applies to any business established prior to March 1, 2020 that has attempted to access any Federal relief supports and was deemed ineligible.
Under the MBRF, small businesses who have been unable to qualify for current COVID-19 support programs can apply for a loan of up to $40,000. Loans will be established at 0% interest and no payments are required until December 31, 2022. Principal repayments can be voluntarily made at any time.
Similar to the Canada Emergency Business Account, 25% of any loan (up to $10,000) can be forgiven provided the recipient has paid 75% of the original loan amount prior to December 31, 2022. If the recipient is unable to repay the loan by December 31, 2022, the loan will be converted to a three-year term loan with interest rates not to exceed 5%, effective January 1, 2023. The full balance must be repaid no later than December 31, 2025.
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REGIONAL RELIEF & RECOVERY FUND (RRRF)
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The RRRF is a special one-time relief fund established by the Government of Canada to support businesses and organizations economically impacted by the COVID-19 pandemic.
Visit
FedNor’s website
for more information and fill out an application to request support.
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ASK AN EXPERT - COVID-19 WORKPLACE AND BUSINESS SAFETY IN SIMCOE MUSKOKA
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Join the Simcoe Muskoka District Health Unit Medical Officer of Health Dr. Charles Gardner and Vice President of the Environmental Health Department Dr. Steve Rebellato to learn how to reopen and operate your business and workplace safely during the pandemic.
In this session Dr. Gardner and Dr. Rebellato will help businesses and workplaces:
• Understand how COVID-19 is impacting business and workplace operations
• Learn the requirements for re-opening and operating safely
• Answer questions from businesses and workplaces, including a Q&A session
Details:
Thursday, June 18, 2020 from 3:00 - 4:00 p.m.
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PROVINCE OF ONTARIO UPDATES
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Stage 2 Reopening Ontario - Regional Approach
- The Ontario government announced a regional approach to Stage 2 of reopening the province effective Friday, June 12 at 12:01 a.m. This will allow a number of businesses and services to reopen with proper health and safety measures in place. Read the
news release
for more details.
Workplace Safety Guidelines
- Specific Guidelines and Posters - Safety guidelines for employers to ensure they are protecting workers, customers, and the general public.
List of Essential Workplaces
- Questions regarding impacts to your business or employment, call the Stop the Spread Business Information Line at 1-888-444-3659.
Workplace PPE Supplier Directory
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Review a list of companies that sell personal protective equipment (PPE) and other supplies to keep your employees and customers safe from COVID-19.
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TOWNSHIP APPROVES EXPEDITED RESTAURANT PATIO EXPANSION PROCESS
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Following the Provincial announcement for Stage 2 framework, Township Council has approved delegating authority to staff to process applications to expand restaurant patio seating. The application process will allow business owners to request use of a portion of private property/designated parking spaces for a patio or café as an extension of an existing restaurant, café, take-out restaurant, pub or tavern.
For more information please contact: Corey Moore, Communications & Economic Development Specialist, cmoore@muskokalakes.ca.
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Looking for workers? The Muskoka Lakes Chamber of Commerce is proud to present the Muskoka Virtual Job Fair on Monday, June 22, starting 1:30 p.m. to help employers find the staff they need.
Employers in Muskoka Lakes who want their jobs promoted can post their jobs on the
chamber website
or send job details, including wage range, to
norah@muskokalakeschamber.ca
before 12:00 p.m. on
Friday, June 19, 2020
.
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ADAPT 2020: A WEBINAR SERIES FOR TOURISM
The ADAPT 2020 Webinar series is designed to support businesses and communities within Northern Ontario’s tourism industry through COVID-19 by providing resources and connections for today and the future.
Fishing in Different Ponds - A look at various Ontario markets that could fit your business
When:
Thursday, June 18, 2020 at 11:00 a.m.
Presented by:
Eva Gutsche, Owner, STEM Consulting
- Capitalizing on local demand
- What is the Ontario market looking for?
- A look at markets in addition to fishing
- The great outdoors - creating experiences for the outdoor and soft adventure market
- Diverse Ontario - attracting various Ontario based ethnic markets
- Investing to attract new markets - product & marketing - anticipated ROI
- Fish where the fish are - targeted marketing
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CANADIAN BUSINESS RESILIENCE SERVICE
The
Business Resilience Service
(1-866-989-1080) is a new telephone helpline designed to connect business owners with accounting professionals to give advice about navigating the COVID-19 pandemic, such as questions about tax regulations and the implications of COVID-19, inform business owners about government support programs that best fit their unique circumstances, and provide strategic financial planning for their road to recovery.
The service is free for four weeks (starting May 25, 2020) and is available 7 days a week from 8:00 a.m. to 8:00 p.m.
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BUSINESS CONTINUITY DURING UNCERTAIN TIMES WEBINAR
Presented by:
Ann Wyganowski, Vice President, HZX Business Continuity Planning, Instructor: Disaster Recovery Institute Canada
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COVID-19 BUSINESS SUPPORT RESOURCES
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The Township continues to update business support programs and resources on our website as they are announced. Need help navigating the various programs and resources available?
Contact:
Corey Moore, Communications & Economic Development Specialist, cmoore@muskokalakes.ca
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Corey Moore
Communications & Economic Development Specialist
Township of Muskoka Lakes
705-765-3156
cmoore@muskokalakes.ca
www.muskokalakes.ca
Please feel free to share this information.
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