RE3: IGNITING ECONOMIC RECOVERY FOR WOMEN-LED BUSINESSES
July 17, 2020
The COVID-19 pandemic has had a significant impact on businesses and communities across the country. From the outset, the Government of Canada has taken action to support sectors affected by the pandemic, including through the $962 million Regional Relief and Recovery Fund (RRRF), launched on May 13, 2020.
Women-led businesses often face unique challenges, which have been amplified by the impacts of COVID-19 on our economy. With systemic barriers to growth, compounded by the financial hardships of COVID-19, the path to re-opening can be challenging. As the economy gradually reopens, these businesses need support for the additional expenditures, such as acquiring personal protective equipment (PPE), re-configuring physical storefronts or workspaces to adopt social distancing measures, and positioning themselves for a successful recovery.
Click here to read the official press release.
Our Vision: Community Futures
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Government of Canada invests $4 million to support over 700 women-led businesses across southern Ontario. Women-led businesses often face unique challenges, which have been amplified by the impacts of COVID-19 on our economy. As the economy reopens, these businesses need support to adapt their operations and position themselves for a successful recovery.
Northumberland CFDC, our staff and Board of Directors, are working continuously with the Federal Economic Development Agency for Southern Ontario and the Government of Canada to deliver agile and responsive programming to support innovation and entrepreneurship in Northumberland and Eastern Ontario in response to the current COVID-19 pandemic challenges.
A quick overview and your top questions answered. With the launch of the local stream of the Government of Canada’s Regional Relief and Recovery Fund (RRRF) we have been talking to a lot of local business owners and answering their questions about how this fund can work for them.