We know our communities, employees, and business partners are receiving and reacting to new information day-to-day and dealing with significant uncertainty. We feel it too. We want you to know that we are here for our region and working rigorously to provide support in any way that we can.
We are monitoring the novel coronavirus (COVID-19) situation and are committed to offering up-to-date information. This list of resources is meant to support you in making informed decisions for your business. This information is not intended to replace the valuable and timely updates provided by all levels of government across Canada.
We have the ingredients to be global leaders and create made-in-Alberta solutions to the world’s most pressing problems. Tremendous opportunity exists in energy and agricultural sustainability, food security, healthcare and pharmaceutical innovation and artificial intelligence and machine learning applications for manufacturing and construction. These are areas we excel at and have already have deep expertise in. Innovation will be the key to turning this economic disruption into opportunity, but it will require significant and immediate investments in talent and digital infrastructure required and supporting our businesses to adopt the next generation of tools that will help them become more globally competitive.
These are all part of Edmonton Global’s white paper, “Road to Recovery”, which was developed in collaboration with economists, industry and economic development partners. It’s a guide to support the Government of Alberta in developing its economic stimulus and recovery measures.
FEDERAL FINANCIAL SUPPORT
The Government of Canada has created a comprehensive site for information as part of the nation’s Covid-19 Economic Response Plan. READ MORE…
The Government of Canada is regularly updating this information and announcing new programs and supports for businesses and employees. It is strongly encouraged that you visit their site regularly and watch for updates.
The Government of Canada has announced a Business Credit Availability Program (BCAP) to support financing through the Business Development Bank of Canada and Export Development Canada (EDC).
Export Development Canada can help Canadian exporters access capital, secure financing, and grow their capital. With a suite of financial and insurance solutions, get expert insights and trade information.
Business Development Bank of Canada offers tailored solutions to help entrepreneurs impacted by COVID-19. Their programs include the Small Business Loan, Working Capital Loan, and Purchase Order Financing.
The Alberta government will provide immediate funding and supportive measures to support local businesses, employers and employees. READ MORE…
Provincially, the Alberta COVID-19 Emergency Income Support Program. Must sign up BEFORE April 1. READ MORE…
Federally, the Emergency Care Benefit will provide up to $900 bi-weekly, for up to 15 weeks. Application for the Benefit will be available in April 2020, and require Canadians to attest that they meet the eligibility requirements. They will need to re-attest every two weeks to reconfirm their eligibility. To apply for the Benefit:
The Emergency Support Benefit has been allocated $5.0 billion to provide support to workers who are not eligible for EI and who are facing unemployment. READ MORE…
The Government of Canada has announced a a number of measures to support employees. The one-week waiting period for Employment Insurance sickness benefits have been waived and new enhancements to the Work-Sharing Program have been introduced.
The Province of Alberta has information on their Emergency Financial Assistance program for unexpected emergencies. This is available through the Emergency Needs Allowance.
The Province of Alberta has information for employees impacted by Covid-19 including how to access programs and better understand the services available to them.
It’s important for Edmonton Metropolitan Region businesses to have contingency plans in place to manage potential risk. A number of organizations have developed helpful and comprehensive guides to help you prepare.
The Canadian Chamber of Commerce has created a guide to help businesses prepare for, and manage through, a potential COVID-19 escalation in Canada.
The Business Development Bank of Canada has created a toolkit of templates to help businesses minimize the risk that an emergency poses to operations and bottom line.
The Canadian Federation of Independent Businesses has compiled a list of frequently asked questions to help small business owners prepare for a potential crisis.
The World Health Organization has created a guide to getting your workplace ready for COVID-19 with tips on preventing the spread and managing risks when organizing meetings and events.
Interested in additional legal and business management resources? We’ve compiled a list to help you prepare and respond to implications of COVID-19.
As business leaders, it’s our collective responsibility to continue to monitor developments around COVID-19. We encourage you to scan the following official sources to keep up to date.
There are a number of support lines that have been set up to get more information.
The Canadian Federation of Independent Business has helpline for all business owners with advice on managing COVID-19 situations in the workplace. To talk to an expert, call their support line.
For more general information on COVID-19, the Government of Canada has created a frequently asked questions page. For additional questions, you can call their support line.