The government of Alberta had put together the Small and Medium Enterprise Relaunch Grant (SMERG). This is a $500 million fund. The program provides funding to organizations that saw a 30% revenue reduction in April or May 2020 due to the COVID-19 pandemic. The grant is based on 15% of the eligible organization’s pre-COVID-19 monthly revenue up to a maximum of $5,000 per business, cooperative or non-profit organization. So, if you are looking to get money to get your business going, this is for you.
This grant provides an additional amount of up to $15,000 based on the same criteria, with every business impacted by Covid-19 having the opportunity to secure grant funding of unto $20,000.
Eligibility Criteria
Businesses, cooperatives and non-profit organizations that closed or curtailed operations as a result of public health orders issued by Alberta’s Chief Medical Officer of Health may be eligible.
However, applicants will need to demonstrate a revenue reduction of at least 30% in April and/or May 2020 as a result of COVID-19 public health order.
The guidelines to the program are available here.
How To Apply?
The online application portal can be accessed here.
Please note that you will need to provide documents to support the reduction in revenue.
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