Support for Aboriginal Businesses:
- On April 18, the federal government announced $306 million for Aboriginal businesses.
- Funds will be available through Aboriginal Financial Institutions (AFIs) and administered by the National Aboriginal Capital Corporations Association and Métis capital corporations in partnership with Indigenous Services Canada.
- CCAB is a member of the Business Resilience Network, working to provide information to business to help them get through COVID-19.
Federal Funding & Resources:
- 75% wage subsidy for businesses.
- Canada Emergency Business Account: you could receive a $40,000 loan for your small business or not-for-profit.
- $10 billion is available to Canadian businesses in financing and credit insurance solutions through
- Work Sharing Program: helping employers and employees avoid layoffs.
- Canada’s COVID-19 Economic Response Plan will provide $27 billion in direct support to Canadian workers and businesses.
- The Department of Finance has announced a number of measures for individuals and businesses, including allowing businesses to defer, until after August 31, 2020, the payment of any income tax amounts.
- Canada Emergency Response Benefit
- Business continuity plan and templates for entrepreneurs (BDC)
Provincial and Territorial Funding & Resources:
Calls for Business to Help:
- Buy and Sell: The federal government has issued a call-out for suppliers.
- Canada’s Call to action: Canadian manufacturers needed.
- NGen is looking for companies that can help meet critical shortages in the fight against COVID-19.
Public Health Information:
- The Government of Canada’s latest COVID-19 health and safety updates.
Travel Advice and Advisories:
- Canada’s Official Global Travel Advisory.
Monday, May 4, 2020 at 12:30pm-1:30 EDT
Event number for attendees: 300 205 926
Event Password: CCAB20 (222220 from phones)
Audio conference (toll-free dial in): +1-866-432-9903
News and Announcements
Indigenous businesses to receive $306 million in funding
April 18, 2020
Tabatha Bull, President and CEO of the Canadian Council for Aboriginal Business, said the $306 million in support for Indigenous businesses is “much-needed.” She said very low numbers of Indigenous businesses access funding through traditional financial institutions.
As the economic fallout from COVID-19 continues to impact all Canadians, TheFutureEconomy.ca spoke with Tabatha Bull, the newly appointed President and CEO of the Canadian Council for Aboriginal Business. She discussed how the crisis is impacting Canada’s Indigenous economy, and what the government and corporate Canada must focus on to ensure Indigenous businesses get the support they require to weather the crisis’ challenges.