Over $95 million in federal funding will go to help businesses throughout Western Canada, including enterprises in the Squamish area.
A news release from local MP Patrick Weiler said that interest-free repayable contributions are now flowing to more than 1,760 businesses that were unable to get access to existing Government of Canada relief measures.
This relief is intended to help businesses recover from the economic challenges posed by COVID-19.
Most of the firms receiving support are small businesses with less than 100 people.
“Supporting good local jobs in our riding and other communities across Pacific and Western Canada, these local businesses are the backbone of our economy, and the [Regional Relief and Recovery Fund] will continue assisting them,” reads the release.
Weiler said he was pleased with the measure.
“This funding is a direct response to the needs our business community has expressed to supply critical access to credit,” he said in the release.
“Together, we will build back better.”