Manitoba Premier Brian Pallister recognized small and medium sized businesses as a vital part of our economy and a key to our recovery after COVID-19. He announced support through a forgivable loan to fill the gap in federal programs. He explained their gap program will provide up to six thousand dollars to small and medium sized businesses that are facing significant pressure posed by COVID-19. He says their program will be co-ordinated and effective, it will they estimate offer assistance of up to 120 million dollars as our businesses are struggling and need support.
The program will advance each eligible business that temporarily closed or curtailed operations as a result of COVID-19 the non-interest loan which will be forgivable on December 31st if they attest at that time they have not received any non-repayable COVID-19 federal support.