The Rankin government is pumping more than $12 million in additional support for Nova Scotia businesses hit hard by the pandemic and facing province-wide restrictions as a result of a third wave.
Three programs – one new program and two previously announced – aim to help small business owners such as restaurants, spas, hotels, gyms and hair salons.
Businesses will be supported through rebates, with an immediate infusion of cash to hire staff, pay down debt or order supplies.
Fees for businesses will also be deferred to help owners and operators during this period.
“We are moving to help because we recognize these necessary additional public health protocols are difficult for many businesses,” said Inclusive Economic Growth Minister Labi Kousoulis. “This most recent shutdown is important to stopping the spread of the virus so our businesses can reopen safely as quickly as possible.”
Supports for Business Available Soon
May 4, 2021 - 11:31 AM
The Rankin government announced today, May 4, more than $12 million in additional support for Nova Scotia businesses hit hard by the pandemic and facing province-wide restrictions as a result of a third wave.
Three programs – one new program and two previously announced –aim to help small business owners such as restaurants, spas, hotels, gyms and hair salons. Businesses will be supported through rebates, with an immediate infusion of cash to hire staff, pay down debt or order supplies.
Fees for businesses will also be deferred to help owners and operators during this period.
The government stated three programs, one new and two previously announced, will help
Inclusive Economic Growth Minister Labi Kousoulis (Government of Nova Scotia photo)
small business owners through rebates, with an immediate infusion of cash to hire staff, pay down debt or order supplies.
Starting today, applications are open for the Tourism Accommodations Real Property Tax Rebate Program Part 2, which provides operators with a 50 per cent rebate on the first six months of commercial property tax paid in 2021-22.
Applications will open the week of May 10 for the Small Business Real Property Tax Rebate Program, which will offer businesses a one-time rebate of a portion of their paid property taxes. They can choose a rebate of $1,000 or 50 per cent of the commercial real property taxes paid for the final six months of the 2020-21 tax year.
Support for Large Tourism Operators
April 19, 2021 - 2:59 PM
Three Nova Scotia tourism operators that serve as anchors for the sector will be able to access lower-cost financing through the Tourism Sector Financing Assistance Program.
Ambassatours Gray Line and Murphy’s on the Water, Cabot Links and Coach Atlantic have signed on to the program, announced in October 2020 to help rebuild one of the sectors hardest hit by the COVID-19 global pandemic.
The program provides a standby letter of credit that operators use to secure loans. Up to almost $35 million in borrowing has been approved for these operators through their financial institutions.