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Businesses that can demonstrate a revenue reduction of 60% or more will be eligible to receive 15% of their monthly revenue, up to a maximum of $10,000 from the Enhanced COVID-19 Business Benefit.

Businesses are required to report the total amount of provincial and federal support received, to ensure no more than 80% of revenue is covered.

Funds can be used to:

  • Cover costs of items that help prevent the spread of COVID-19, such as personal protective equipment and cleaning supplies.
  • Pay rent, employee wages or replace inventory.
  • Help businesses expand their online presence or e-commerce opportunities so that they can continue to serve customers.

Quick facts

  • Payments under the Enhanced COVID-19 Business Benefit will be available in April 2021 following the conclusion of the Small and Medium Enterprise Relaunch Grant program.
  • The Enhanced COVID-19 Business Benefit provides financial assistance to Alberta businesses, cooperatives and non-profit organizations with fewer than 500 employees.
  • Detailed information on program parameters will be included in the program guidelines closer to the launch date in April.
  • Funding received under this program does not need to be repaid.

 

We will continue to update you as more details become available. 

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