TOURISM BUSINESSES THAT have lost at least half their revenue during the pandemic can apply for a new recovery program, the Government of Ontario has announced.
The $100-million program will open to applicants in the attraction, accommodation and leisure travel sectors in October, with a mandate to stabilize Ontario’s tourism industry as it recovers from the Covid-19 pandemic.
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Across Canada, revenue in the travel and tourism industry has dropped by approximately 90 per cent since the onset of the pandemic. In Ontario, where prior to the pandemic tourism generated more than $36 billion in economic activity, the picture is similar.
“The last 18 months of the pandemic have been the most challenging Ontario’s tourism industry has ever faced. Previously an economic powerhouse for the province, tourism has been hit by the triple threat that Covid-19 represents — a health, economic and social crisis,” says Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries, in a media release.
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Beginning October 13, Ontario tourism businesses that have experienced a loss of at least 50 per cent of eligible revenue in 2020-21 compared to 2019 will be able to apply for up to $1 million in funding ― or 20 per cent of their lost revenue ― each.
Successful recipients will have the flexibility to apply funds to any eligible expenses and do what makes the most sense for their businesses.
Here are the types of for-profit, legally incorporated businesses eligible to apply:
For more information, including a list of ineligible businesses and attractions, click here.
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