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COVID-19 testing in Cape Breton targets travellers, businesses

COVID-19 testing in Cape Breton targets travellers, businesses
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Tourism turning point; Maritime tourism operators optimistic as region opens to Canadian travel

  IONA, N.S. Maritime tourism operators are hoping for a business boom this summer, as they prepare to welcome visitors from across Canada. That includes optimism from staff at Highland Village Museum in Iona, Nova Scotia. As the season opens for the summer, museum director Rodney Chaisson says they’re already off to a better start than last year. “We just opened an hour ago and already we have bookings, so we’re pleased,” says Chaisson. Chaisson says 65 percent of the village’s visitors come from out of province. “Last year we saw a 90 percent drop in our visitation over the course of the season,” says Chaisson. “We were pleased to see people from the Atlantic bubble, but I think opening to the rest of the country allows us to attract a few more folks.”

Cabot reps approved for loan guarantee

Cabot Links golf resort; photo courtesy Cabot Links A large local tourism operator is receiving a multi-million-dollar loan guarantee. Reps with Cabot Links in Inverness can access as much as $14.25 million through the Tourism Sector Financing Assistance Program. The program, which was announced in October, provides a standby letter of credit operators can use to secure loans; the goal is to help rebuild one of the sectors hit hard by COVID-19. The Nova Scotia COVID-19 Response Council fund will guarantee as much as 95 per cent of the amount borrowed; the amount of debt can’t exceed $15 million per operator, while the interest rate can’t exceed the prime lending rate plus 1.5 per cent.

Nova Scotia announces $35M in loan guarantees for 3 large tourism operators

Nova Scotia announces $35M in loan guarantees for 3 large tourism operators The announcement Monday follows the creation of the loan guarantee program last October. When it was announced, government officials said it could be worth as much as $50M for up to 11 companies. Social Sharing

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