(COVID-19) ICET - Small Capital Restart Funding

Provides capital funding for time-sensitive initiatives that target immediate, short-term COVID-related business and industry restart, resilience and sustainability. Up to $15,000 in funding is available for projects that demonstrate innovative approaches to enable faster restart of business operations or enables the development of complementary revenue streams for affected businesses or industry. The program is open to local governments, Indigenous communities, non-profits (including industry associations, Chambers of Commerce or other non-profit business, industry or economic development related organizations).

Program Summary:

 As the COVID-19 situation evolves, local governments, business organizations, industry organizations and non-profits are rapidly deploying adaptation plans to the “new normal”. Local governments are responding to business needs by rethinking the use of publicly owned spaces, such as reconfiguration of parking and parklets to support outdoor areas for business. Industry associations are finding ways to develop cost-effective regional approaches to capturing new markets and revenue streams in the digital marketplace. Other sectors such as culture, performance and events, who may not be able to reopen in the short to medium term, are looking at innovative digital approaches to enable alternative operations and revenue streams. Many of these innovative solutions may also have the added benefit of creating more diversified hybrid revenue streams,

The Small Capital Restart Funding program will provide financial support for small capital projects that support short-term business and industry restart and sustainability. The program will also support innovative and cost-effective solutions that will enable the development of new or expanded revenue generation for businesses and industries most affected by longer term closure or operational restrictions.

Log in with Google

OR

Get Started to Apply