New, $5,000 Grant For N.S. Businesses Hit By Public Health Restrictions
HALIFAX — Businesses forced to shut down by Nova Scotia’s latest public health rules can now apply for a grant of as much as $5,000 from the provincial government.
The grants will support small, independently-owned businesses such as bars, restaurants, and gyms that as of today are no longer allowed to stay open.
Eligible businesses will receive a one-time grant of 15 percent of their average monthly gross revenues for April 2019, or from February 2020 if it is a new business, up to a maximum of $5,000.
The grants can be used for any operational expense, including wages, supplies, or other costs.
Businesses must experience a revenue decrease of 30 percent or more in November as a result of the ongoing impacts of the public health order, or expect at least a 30 percent decrease in revenues in December 2020 resulting from the new measures put in place this week.
This program is a targeted continuation of the Small Business Impact Grant. It is funded through the $50-million Nova Scotia Covid-19 Response Council which was announced in March.
More information on the program, including eligibility, is available here.