As Ontario begins to reopen its economy amid the novel coronavirus pandemic, Muskoka District council has approved a $750,000 loan to local business consulting firm Muskoka Futures for a regional business recovery fund.
The funding program would be directed at small Muskoka businesses that have been affected by COVID-19 and that are not eligible for funding from the provincial or federal governments.
In addition to the fund, Muskoka council has also endorsed the creation of a regional economic recovery task force, which is expected to minimize the effects of the pandemic on businesses across the region.
Officials say the task force will “seek, leverage, and advocate for provincial and federal government funding to support Muskoka-based