Canada invests $962 million to small business and over $460 million for Canada’s fish harvesters

PM Justin Trudeau provides update on Federal Response to COVID-19 on May 14, 2020./Global Korean Post

 

Canada invests $962 million to small business and over $460 million for Canada’s fish harvesters

 

May 15, 2020

Global Korean Post

 

The COVID-19 pandemic has resulted in uncertainty and anxiety for small businesses and their employees in all regions of Canada.

 

Building on these measures, the new Regional Relief and Recovery Fund (RRRF) devotes nearly $962 million to help more businesses and organizations in sectors such as manufacturing, technology, tourism and others that are key to the regions and to local economies.

 

The six regional development agencies (RDA) will be delivering this funding.

The funding will be allocated as follows:

 

Also,the Government of Canada is taking action to support those workers, who help provide families and communities across the country with high-quality fish and seafood.

 

The Prime Minister, Justin Trudeau on May 14 announced up to $469.4 million in new measures to support Canada’s fish harvesters, who are economically impacted by the pandemic but cannot access existing federal measures.

 

This investment builds on the $62.5 million for the new Canadian Seafood Stabilization Fund announced last month to help Canada’s fish and seafood processing sector.

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