![]() If the applicant has received benefits under a federal COVID program, then the loan will be added to the recipient’s 2020 tax bill. 31, 2020, if the recipient attests at that time the business has not received any major non-repayable COVID-19 federal supports such as the Canada Emergency Wage Subsidy and the Canada Emergency Business Account, as well as sector-specific grant federal programs specifically developed in response to the pandemic. The province will advance each eligible business the non-interest bearing forgivable MGPP loan of $6,000, for a total of up to $120 million. If one in six businesses have fallen into that gap that would mean approximately 20,000 Manitoba businesses would be entitled to this support, the premier noted. The Manitoba Gap Protection Program (MGPP) is available to any of the approximately 120,000 businesses in Manitoba who have fallen into a gap in failing to qualify for the various federal government assistance programs and wage subsidies created because of COVID-19. “Our government has been listening and working diligently with chambers of commerce across the province, business and retail councils, industry and trade associations and various stakeholders to identity where the greatest need is and to maximize the recovery opportunities for Manitoba’s business sector.” They are struggling right now and we want to support them,” said Pallister. “Manitoba’s small and medium-sized businesses are the backbone of our economy. ![]() The Manitoba government is providing up to $120 million to support Manitoba’s small and medium-sized businesses that are facing significant challenges posed by the COVID-19 pandemic, Premier Brian Pallister announced today. – – – Manitoba Businesses are Struggling, We Want to Support Them: Pallister Watch news conference PROVINCE TO PROVIDE $120 MILLION OF SUPPORT TO SMALL AND MEDIUM-SIZED BUSINESSES HARMED BY COVID-19
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