Government funding expected to ease small businesses, won’t guarantee immediate rehiring
Days after the Government of Saskatchewan declared a State of Emergency due to the COVID-19 pandemic, small businesses in Melfort were fearful of temporarily – and even permanently – shutting down their operations.
Fast forward to April 9 when the province unveiled its $50 million Saskatchewan Small Business Emergency Payment (SSBEP), where small and medium businesses can be given a one-time grant based on 15 per cent of monthly sales revenue up to $5,000, and some stress in the Melfort business community has been eased.
On top of the federal government’s wage subsidy, President of the Melfort Trade Alliance Tyler Fahlman said small business owners are more excited.
“Every little bit helps,” Fahlman said. “I think the amount will be able to help some of the businesses that were closed and give them a chance to re-open. Even with the [wage subsidy], there were still businesses that weren’t sure if they were going to open. This is a pretty big step by the province.”