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The Prime Minister, Justin Trudeau, at the moment issued the next assertion marking Small Enterprise Week, which runs from Octoberย 17ย to 23, 2021:
โSmall companies are on the coronary heart of our communities throughout the nation. Theyโre the small neighbourhood cafรฉ that makes the right cup of espresso, the entrepreneur who began a brand new on-line store, and the family-run retailer that pivoted to creating face masks within the early days of the COVID-19 pandemic. Small companies drive our financial system by creating the products and companies we want, whereas using tens of millions of Canadians.
โAt the moment, as we mark the beginning of Small Business Week in Canada, we acknowledge that the previous 12 months and a half have been tough for small companies, their homeowners, and their workers. Small companies throughout the nation had been requested to make numerous sacrifices to guard the well being and security of individuals and communities. By means of all of it, theyโve proven unimaginable braveness and resilience, and an unprecedented skill to adapt and innovate. And whereas some companies have now reopened their doorways, many nonetheless want assist as they proceed to grapple with the impacts of the pandemic.
โSupporting Canadian companies is vital to making sure a robust financial restoration. Thatโs the reason the Authorities of Canada launched a variety of helps to assist small companies in the course of the pandemic โ from help with bills by means of interest-free, partially forgivable loans with the Canada Emergency Business Account to hire aid with the Canada Emergency Rent Subsidy. We additionally helped companies preserve workers on the payroll by means of the Canada Emergency Wage Subsidy and Canada Recovery Hiring Program, and created the Highly Affected Sectors Credit Availability Program (HASCAP) to assist notably hard-hit companies in want of extra assist to climate the pandemic. These measures have helped assist tons of of hundreds of small companies in Canada, and the employees and communities that depend on them.
โSmall companies are relying on us to get vaccinated, so we are able to stop avoidable lockdowns and assist them get again on top of things. By being there for companies and their staff each step of the best way, the federal government can also be persevering with to create jobs, strengthen the center class, and develop the financial system. Weโre supporting our hardest-hit sectors, together with tourism, hospitality, and cultural industries. The federal government can also be working to enhance the Canada Small Business Financing Program, in order that small companies and entrepreneurs can entry the funds they should recuperate, innovate, and obtain long-term development. Weโre additionally serving to small and medium-sized companies develop and thrive in order that they will compete in Canadaโs digital future. With initiatives such because the Canada Digital Adoption Program, weโre helping them in adopting new digital applied sciences and bringing their services on-line.
โOn behalf of the Authorities of Canada, I invite all Canadians to hitch me in thanking small and medium-sized companies for his or her dedication, perseverance, and innovation on daily basis, and notably over the previous 12 months and a half. Allow us to proceed to assist our native companies in order that, collectively, we are able to construct a extra resilient financial system and a greater future for everybody.โ
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