SECTOR IMPACT SUPPORT PROGRAM
The Province announced December 17, additional support for NS businesses impacted by the new provincewide public health restrictions. The Chamber along with other stakeholders began meeting with Government early last week, and are pleased to see the rapid response from government.
The Sector Impact Support Program will provide a one-time grant of up to $7,500 to help small business owners in industries such as restaurants offering in-person dining service; bars and other licensed drinking establishments; fitness, recreational and leisure facilities including gyms, yoga studios, indoor play areas, arcades, climbing facilities, dance programs and music lessons; boat and walking tours; private museums; rinks and arenas that are not municipally owned; and live performing arts facilities.
The Sector Impact Support Program will be funded through the Nova Scotia COVID-19 Response Council. It is expected to cost about $10 million depending on participation. The Premier stated that if this is not enough, there will be more.
Applications will open early January. Eligible businesses can receive the following amounts based on November 2021 gross payroll costs:
Payroll costs between $1,000 and $15,000 – grant of $2,500
Payroll costs between $15,001 and $25,000 – grant of $5,000
Payroll costs between $25,001 or more – grant of $7,500
To learn more about the Sector Impact Support Program, click here.