The MRC Pontiac launches the COVID-19 Economic Recovery Fund

The MRC Pontiac launches the COVID-19 Economic Recovery Fund

In a press release, the MRC Pontiac announced the establishment of $ 70,000 available to help local businesses in their COVID-19 recovery efforts. These funds are available in the form of non-repayable grants of up to $ 5,000, to be used to help local businesses implement new measures, adapt their business practices and reorient their activities according to the new economic reality.

While the situation around the coronavirus (COVID-19) continues to evolve, the MRC Pontiac is there to support our small local businesses in their navigation of adaptation and
changes, the press release said.

‘Small business plays a critical role in our economy and we are here to offer support’, says
Cyndy Phillips, Director of Economic Development for the MRC Pontiac. ‘Our local
businesses have had to explore new ways of doing business, look towards new markets and
shift their marketing efforts. The MRC recognizes the hard work that has been done and
continues to be done by our entrepreneurs, and we want to help offset some of the
unforeseen expenses tied to shifting business practices.’

Eligibility

• Must be an existing registered small business (less than 10 full-time permanent
employees), in business for at least 1 year;
• Must be located within the MRC Pontiac;
• Must be a sole proprietorship or a corporation where the applicant is the majority
shareholder (if incorporated, personal name must be included on application form);
• Is an independent business venture;
• Maintains a separate business bank account, follows government rules and regulations
for operating a business.

This funding is not meant to cover costs of staying open during COVID-19. The
MRC Pontiac has emergency aid loan funds available to assist with operational costs.