{"id":254811,"date":"2020-05-14T05:14:22","date_gmt":"2020-05-14T09:14:22","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=254811"},"modified":"2020-05-14T05:14:22","modified_gmt":"2020-05-14T09:14:22","slug":"regional-relief-and-recovery-fund-will-help-smes-that-fall-into-covid-19-support-cracks","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/05\/14\/regional-relief-and-recovery-fund-will-help-smes-that-fall-into-covid-19-support-cracks\/","title":{"rendered":"Regional Relief and Recovery Fund will help SMEs that fall into COVID-19 support cracks"},"content":{"rendered":"<figure id=\"attachment_213822\" aria-describedby=\"caption-attachment-213822\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/9196711300_a44ae1b05b_z.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-213822\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/9196711300_a44ae1b05b_z.jpg\" alt=\"\" width=\"640\" height=\"424\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/9196711300_a44ae1b05b_z.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/05\/9196711300_a44ae1b05b_z-300x199.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-213822\" class=\"wp-caption-text\">Next to the health and safety of employees and customers, cash liquidity is the most critical concern for SMEs in this crisis. (<a href=\"https:\/\/www.flickr.com\/photos\/ronan_jouve\/9196711300\/\">File Photo<\/a> By <a href=\"https:\/\/www.flickr.com\/photos\/ronan_jouve\/\">Ronan Jouve\/Flickr<\/a>, <a href=\"https:\/\/creativecommons.org\/licenses\/by-nc\/2.0\/\">CC BY-NC 2.0<\/a>)<\/figcaption><\/figure>\n<p><strong>(OTTAWA, ON) \u2013 May 13, 2020 \u2013<\/strong>\u00a0The Hon. Perrin Beatty, President and Chief Executive Officer of the Canadian Chamber of Commerce, issued the following statement today regarding the COVID-19 Regional Relief and Recovery Fund.<\/p>\n<p>\u201cToday\u2019s announcement of $962 million in funding to federal regional economic development agencies will bring desperately needed help to small and medium-sized businesses unable to qualify for the COVID-19 support programs announced to date.<\/p>\n<p>Next to the health and safety of employees and customers, cash liquidity is the most critical concern for SMEs in this crisis.\u00a0 The need is particularly acute for businesses that were ordered to shut down completely or cut back operations severely. As we enter the third month of economic lockdown, many businesses that have not qualified for support urgently need help now. Unfortunately, for some it\u2019s too late.<\/p>\n<p>The big difference between this program and others announced to date is that regional economic development agencies will have greater flexibility on how and to whom to allocate funding. We hope that this added discretion will allow the agencies to help SMEs with differing business models not covered by broadly-based programs like the Canada Emergency Business Account and Canada Emergency Wage Subsidy.<\/p>\n<p>Regional economic development agencies know their business communities well.\u00a0 We believe putting funds and the control over them into their hands to ensure solutions for businesses by businesses and for communities by communities will provide a much-needed boost to SME business resiliency.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(OTTAWA, ON) \u2013 May 13, 2020 \u2013\u00a0The Hon. Perrin Beatty, President and Chief Executive Officer of the Canadian Chamber of &hellip;<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-254811","post","type-post","status-publish","format-standard","category-business","mauthors-perrin-beatty","mauthors-canadian-chamber-of-commerce"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=254811"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254811\/revisions"}],"predecessor-version":[{"id":254822,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/254811\/revisions\/254822"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=254811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=254811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=254811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}