COVID-19: $962 million additional support fund now available to businesses and communities affected by the pandemic
“No matter how wide we extend the safety net, businesses across Canada continue to slip through the cracks. Many entrepreneurs are still anxious about whether they will get the help they need. With nearly a billion dollars in support across the country, the Regional Relief and Recovery Fund will fill in some of the gaps. Our message to Canadians is clear: We are here for you now, we will be here for you in the weeks and months to come, and we will get through this together. We’ve got your back.”
– The Honourable Mélanie Joly, Minister of Economic Development and Official Languages, Minister responsible for the Regional Development Agencies and Member of Parliament for Ahuntsic-Cartierville
The six regional development agencies (RDA) ensure that Canada’s regions are heard in Ottawa and that local economies and businesses get the support they need to grow and prosper.
Canada’s RDAs focus on developing and diversifying regional economies to help communities thrive. Already a major presence in communities, they know where additional support is needed most.
This special initiative delivered through the RDAs is part of Canada’s COVID‑19 Economic Response Plan, which is providing up to $149 billion in direct support to Canadian workers and businesses.
CanNor’s portion of the RRRF will build on the supports provided by the agency’s Northern Business Relief Fund (NBRF) to fill further needs for immediate relief for SMEs and to ensure the stability of businesses in sectors that are vital to the recovery of the Northern economy.
Office of the Minister of Economic Development and Official Languages
Innovation, Science and Economic Development Canada
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