With many local businesses struggling to survive amid the ongoing COVID-19 pandemic, the City of Edmonton announced details Wednesday of its plan to help them.
The economic recovery program is a five-pronged initiative that includes the Edmonton Economic Recovery Grant. According to the city, the grant is a two-phased funding program worth $5.3 million that is aimed at helping businesses through both the relaunch phase and recovery phase.
The city said the funding will be distributed via a city stream and a business association stream. “The city stream will provide matching grants of a maximum of $25,000 per grant to applicants struggling to reopen or pivot their business as a result of COVID-19,” the city said. “The business association