Louisiana Save Our Screens Fund $4.5 million
This Main Street Recovery program will provide grants for movie theaters in Louisiana that were forced to close or reduce capacity due to COVID-19. The grants are limited to $10,000 for each movie screen with a limit of $50,000 for each theater.
Adam Holland, the Mayor of Oak Grove, spoke to the Finance Committee about the Fiske Theatre, a historical one-screen cinema his family operates.
“I want to make clear that I have no objections to the corporations that are going to receive aid from this bill,” said Holland. “It’s necessary to point out the fact that the way this bill is presently written, the corporations with stockholders will be receiving the vast majority of these funds.”
SKNVibes | DBSKN continues to help businesses amidst COVID-19 pandemic through Small Business Fund
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Restaurants seek exemption from reduced wage subsidy - Business News
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Half of the country s restaurants face the risk of closure if subsidies are scaled back too soon, Restaurants Canada says. As the hardest hit sector, we need these subsidies to continue to support us; measures like this that keep people at work, said Olivier Bourbeau, Restaurants Canada s vice-president for federal and Quebec.
The government programs currently provide businesses a subsidy of up to 75 per cent of paid wages and up to 65 per cent of rent. Beginning July 4, both will be scaled back to 60 per cent before being phased out later in the summer.
Bourbeau said that even with widespread vaccinations and reopened businesses by September which isn t a certainty restaurants will still not be operating at full capacity because of safety measures like distancing.
Restaurants seek exemption from reduced wage subsidy as Ontario keeps dining shut
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People walk past businesses on Spadina Avenue in Chinatown in Toronto on Thursday, May 13, 2021. Restaurant owners are concerned about operations as subsidies begin to wind down, even as provinces like Ontario extend stay-at-home or lockdown measures. THE CANADIAN PRESS/Nathan Denette
Restaurant owners are voicing concerns they’ll be able to keep operating when federal subsidies begin to wind down, even as provinces like Ontario extend stay-at-home orders or lockdown measures.
A group representing Canada’s foodservice industry is seeking an exemption from the federal government’s scheduled phase-out of the wage and rent subsidy programs, both of which will gradually be decreased as vaccinations become more widespread.