Applications now open for eligible small businesses in tourism and travel industries

TICO is pleased to share that the Ontario government is providing one‐time payments of $10,000 to $20,000 to support eligible small tourism and travel businesses struggling to recover from the impact of the COVID-19 pandemic through the new $100-million Ontario Tourism and Travel Small Business Support Grant.

The launch of the program was announced today by Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries.

“Prior to the pandemic, Ontario’s tourism generated more than $36 billion in economic activity and supported more than 400,000 jobs across the province,” said Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries. “Our government is working with small businesses to overcome the challenges of the past year – through programs like the Ontario Tourism and Travel Small Business Support Grant – and help the tourism industry reclaim its place as an economic powerhouse and key job creator in our province.”

This grant will support eligible small tourism and travel businesses that did not receive the Ontario Small Business Support Grant (OSBSG), such as travel agents, hotels, motels, resorts, and bed and breakfasts. To qualify, businesses must have fewer than 100 employees and demonstrate they have experienced a minimum 20% revenue decline between 2019 and 2020. Click here for detailed information on eligibility and how to apply. 

“The Ontario Tourism and Travel Small Business Support Grant is another example of financial assistance that will help many small travel businesses in this time of great need and support Ontario’s travel industry recovery. We are very pleased to see the Ontario government acknowledge the challenges of COVID-19 and respond through various financial burden relief measures and regulatory changes on behalf of travel retailers and wholesalers,” said Richard Smart, President & CEO of the Travel Industry Council of Ontario.

 

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