Statement by the Prime Minister on Small Business Week

The Prime Minister, Justin Trudeau, nowadays issued the following assertion marking Small Organization 7 days, which operates from October 17 to 23, 2021:

“Small businesses are at the heart of our communities across the region. They are the small neighbourhood café that will make the best cup of coffee, the entrepreneur who started off a new on the web shop, and the family-operate retail store that pivoted to building face masks in the early days of the COVID-19 pandemic. Small corporations drive our economic climate by developing the goods and providers we will need, while utilizing hundreds of thousands of Canadians.

“Today, as we mark the start of Little Small business 7 days in Canada, we understand that the previous yr and a fifty percent have been challenging for modest companies, their entrepreneurs, and their personnel. Small businesses across the country were being requested to make countless sacrifices to safeguard the wellness and protection of people today and communities. Via it all, they have revealed unbelievable braveness and resilience, and an unparalleled potential to adapt and innovate. And though some businesses have now reopened their doors, numerous nonetheless need to have help as they proceed to grapple with the impacts of the pandemic.

“Supporting Canadian corporations is vital to ensuring a robust economic recovery. That is why the Government of Canada released a array of supports to support smaller companies for the duration of the pandemic – from aid with bills as a result of fascination-totally free, partly forgivable loans with the Canada Emergency Enterprise Account to hire aid with the Canada Emergency Rent Subsidy. We also assisted enterprises keep personnel on the payroll by means of the Canada Emergency Wage Subsidy and Canada Restoration Hiring Software, and made the Hugely Affected Sectors Credit score Availability System (HASCAP) to assist notably really hard-hit enterprises in need to have of additional help to weather conditions the pandemic. These steps have assisted assistance hundreds of countless numbers of small enterprises in Canada, and the workers and communities that rely on them.

“Small companies are counting on us to get vaccinated, so we can prevent avoidable lockdowns and assistance them get again up to speed. By staying there for firms and their staff each move of the way, the federal government is also continuing to generate employment, reinforce the middle course, and improve the financial state. We are supporting our hardest-hit sectors, including tourism, hospitality, and cultural industries. The federal government is also operating to strengthen the Canada Small Business enterprise Funding Program, so that compact corporations and business owners can entry the funds they will need to recuperate, innovate, and obtain lengthy-phrase progress. We are also encouraging small and medium-sized businesses expand and thrive so that they can contend in Canada’s digital long term. With initiatives this kind of as the Canada Electronic Adoption Software, we are helping them in adopting new digital technologies and bringing their products and products and services on the web.

“On behalf of the Authorities of Canada, I invite all Canadians to be part of me in thanking smaller and medium-sized corporations for their dedication, perseverance, and innovation each and every day, and especially around the past yr and a fifty percent. Let us proceed to help our area organizations so that, with each other, we can make a additional resilient economy and a improved potential for everyone.”