Tourism Relief Fund to Help Businesses and Organizations Recover and GrowJuly 14, 2021
Cornwall Ontario – In March 2020, tourism came to a screeching halt as public safety measures kept most Canadians home and international borders closed. Now that vaccination efforts are paying off and declining case rates are allowing the easing of restrictions, tourism businesses and organizations from coast to coast to coast can look to the future.
The new Tourism Relief Fund will offer $500-million in funding for to support the tourism sector prepare to welcome back domestic travelers and reposition Canada as a world-class destination. Eligible organizations can now submit applications
“Our government has been there for the tourism sector since the beginning of the COVID-19 crisis and today’s announcement is about adding another tool to the suite of COVID supports that will help it recover and prepare for future growth and create jobs,” says Mélanie Joly, Minister of Economic Development and Official Languages. “This is an important step in our recovery efforts to attract visitors from all over the world so they can discover our country’s extraordinary wild natural beauty, delicious food and rich cultural experiences and incredibly warm hospitality once it is safe to do so.”
Intake Now Open
In Ontario, the Jobs and Growth Fund is being delivered by FedDev Ontario, one of Canada’s regional development agencies. Canada’s regional development agencies (RDAs) will deliver $485 million directly to businesses and organizations to help them adapt their operations to meet public health requirements while investing in products and services to facilitate future growth. As long-standing on the ground support to economic development and community growth, the RDAs are well positioned to deliver fast and efficient support to the tourism sector.
Indigenous communities that rely heavily on tourism have also been disproportionately affected by COVID-19. In order to close this gap, the Government of Canada is investing a minimum of $50 million of the Tourism Relief Fund in Indigenous tourism projects.
In addition, $15 million, delivered by Innovation, Science and Economic Development Canada, will support destination development, seasonal and local attractions, and human resources and skills development.
- Tourism is a key contributor to Canada’s economy. According to Statistics Canada, the tourism sector generated an estimated $104.4 billion in revenues in 2019, supported approximately 1 in 10 jobs in communities across Canada and contributed an estimated $45.1 billion in gross domestic product.
- Since the beginning of the pandemic, the Government of Canada has provided over $15.4 billion in direct supports to the tourism sector. Budget 2021 committed an additional $1 billion to help the tourism sector prepare to welcome domestic travelers and reposition Canada as a world-class destination.
- Prior to the pandemic, Indigenous tourism supported over 41,000 jobs and accounted for $2 billion of Canada’s GDP.
- To help manage the severe impact of COVID-19 on the sector, tourism-related businesses and not-for-profit organizations have received $15.4 billion in support for tourism, arts, and culture sectors to pay workers, provide rent and mortgage support, as well as providing liquidity support for small businesses.
Business Reopening Toolkit
Cornwall Economic Development has put together a toolkit to help businesses reopen. The toolkit includes guidelines and a maximum occupancy calculator along with signs and posters that can be downloaded and printed:
We summarize the latest news about the impacts of COVID-19 on Cornwall businesses on a daily basis. Click on the following link to view: