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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. ....
N.S. government to spend over $12 million on businesses affected by recent lockdown atlantic.ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlantic.ctvnews.ca Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....
Large tourism operators in Nova Scotia get $35 million in loan support newsoptimist.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsoptimist.ca Daily Mail and Mail on Sunday newspapers.