The federal government’s new commercial rent relief announcement is being applauded by stakeholders in Regina’s small business community.
Some, though, are waiting until money moves before giving their full approval as the COVID-19 pandemic continues. “If the application process is simple, straightforward and easy to access I think it’s going to be rolled out really well,” said Colin Hall, who owns the Cathedral-area building housing his yoga studio and one other small business.
The assistance announced Friday grants eligible property owners access to a loan worth 50 per cent of their pandemic-affected small business tenant’s rent, forgivable as long as they lower their tenant’s fees by 75 per cent retroactively for April, and into May and