COVID -19 Current Status Report for Brome-Missisquoi Businesses

In order to keep you informed during this pandemic period, here is a list of current measures put forth by our governments as well as some of the resources available to enterprises.

Government measures to support businesses in a pandemic context

Health

Urgences Québec
Emergency Measures Plan

https://www.urgencequebec.gouv.qc.ca/En/situation-urgence/Pages/pandemie.aspx

 

Santé et Services Sociaux Québec for Quebec Health and Social Services information

Overview of the situation (pandemic)

https://www.quebec.ca/en/health/health-issues/a-z/2019-coronavirus/situation-coronavirus-in-quebec/

 

Financial Support

Business Development Bank of Canada, the BDC

https://www.bdc.ca/en/pages/special-support.aspx
1-877-232-2269

  • Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses;
  • Flexible repayment terms, such as postponement of principal payments for up to 6 months, for existing BDC clients with total BDC loan commitment of $1 million or less;
  • Reduced rates on new eligible loans;
  • Additional details regarding Business Credit Availability Program (BCAP) measures, including industry specific support, to be announced in the coming days;

 

Investissement Québec

Concerted-temporary-action-program-for-businesses.html

  • A loan guarantee is the preferred form of financing. Financing can also take the form of a loan from Investissement Québec.
  • Investissement Québec aims to work in close cooperation with financial institutions and federal authorities in order to share risks.
  • The minimum funding amount is $50,000.
  • Refinancing is excluded.
  • This measure is designed to support the business’s working capital.

Emergency Assistance Program for Small and Medium-Sized Businesses

The Emergency Assistance Program for Small and Medium-Sized Businesses is designed to provide support, for a limited time period, to qualifying businesses experiencing financial difficulties due to COVID-19 and who require working capital of less than $50,000.

Learn more

Canada Emergency Wage Subsidy

To help Canadians and businesses get through these tough economic times, the Prime Minister, announced that the Government is proposing to introduce a wage subsidy of 75 per cent for qualifying businesses, for up to 3 months, retroactive to March 15, 2020.

Learn more

CNESST

Within the context of the present crisis, the CNESST, work health, safety and equity norms agency has implemented several flexibility measures for businesses https://www.cnesst.gouv.qc.ca/salle-de-presse/communiques/Pages/20-mars-2020-quebec.aspx  (in french)

Emergency Commercial Rent Assistance

This program will lower rent by 75 per cent for small businesses that have been affected by COVID-19.

The government is also providing further details on the program:

  • The program will provide forgivable loans to qualifying commercial property owners to cover 50 per cent of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.
  • The loans will be forgiven if the mortgaged property owner agrees to reduce the eligible small business tenants’ rent by at least 75 per cent for the three corresponding months under a rent forgiveness agreement, which will include a term not to evict the tenant while the agreement is in place. The small business tenant would cover the remainder, up to 25 per cent of the rent.
  • Impacted small business tenants are businesses paying less than $50,000 per month in rent and who have temporarily ceased operations or have experienced at least a 70 per cent drop in pre-COVID-19 revenues. This support will also be available to non-profit and charitable organizations.

Workers’ Support

Temporary Aid for Workers Program

 PATT, programme d’aide temporaire aux travailleurs)

This program offers financial assistance to meet the needs of workers, who, because they’re in isolation to counter the propagation of the COVID-19 virus, cannot earn all of their work income and are not eligible for another financial assistance program.

https://www.quebec.ca/en/family-and-support-for-individuals/financial-assistance/temporary-aid-for-workers-program/

Closing of Non-Essential Businesses and Services

As of March 25, 2020, at 0:01 a.m. and until April 13, 2020, the Gouvernement du Québec has ordered the closing of all non-priority services and activities.

To find the list of priority businesses and services, consult the following webpage:

https://www.quebec.ca/en/health/health-issues/a-z/2019-coronavirus/essential-services-commercial-activities-covid19/

If your business activity is not listed among the current priority services, but you believe it should be considered as such, you can make a request to be a designated priority service enterprise.

If you have any questions, fill out this online form and an information officer of the Gouvernement du Québec will contact you shortly.

En français 
In English 

Gradual resumption of activities under the COVID-19-related pause

In the coming weeks, activities will gradually resume in Québec, with the consent and collaboration of public health authorities. The reopenings will occur in phases, depending on the type of activities and the geographic zone.

Learn more

Health recommandations

Contingency Plan for Business Continuity

Here is a model for a contingency plan which aims essentially to allow your business to alleviate some of the impacts the present COVID-19 pandemic context might bring about for your business.   The measures and decisions that need to be implemented are listed according to their role, in order to help you make the best decisions while maintaining your operations.

We thank our partner, Sherbrooke Innopole, who has graciously shared this tool with us to help you better manage the present situation.

Download plan here

 

The COVID-19 Pandemic’s Economic Impacts Measure

In order to draw an up-to-date picture of the economic impacts of the present pandemic for our businesses, and to support our government authorities’ decisions for implementing alleviating measures, the Ministère de l’Économie et de l’innovation is asking the CLD to compile all pertinent and important information concerning the COVID-19 pandemic’s economic impacts for its businesses and territory. These include such information as layoffs, closings, supplying issues, financial losses ($), etc. We ask you to share this information with one of our advisors so we can follow up with the MEI.

Industrial Enterprises:
Benoit Lévesque, Industrial Advisor
blevesque@cldbm.qc.ca

Tourism Enterprises
Guylaine Beaudoin, Tourism Development Advisor
gbeaudoin@cldbm.qc.ca

Agri-food Enterprises
Leslie Carbonneau, Agri-food Development Advisor
lcarbonneau@cldbm.qc.ca

Business Funding projects
Justin Francis, Business Advisor—Financial Support
jfrancis@cldbm.qc.ca

Startup Projects
Rafaël Gendron, Business Development Advisor—Entrepreneurship
rgendron@cldbm.qc.ca

Registering for the Brome-Missisquoi buy-local platform 

As announced recently, in the coming weeks we are going to be launching a new web platform to promote buying local in Brome-Missisquoi. Retailers in the region who would like to post their products or services may do so now by following this link.

Register me in the buy-local platform

Whether you already have an online boutique or not, you can register for the platform. For further information, you can contact Mélanie Gobeille at the Chambre de Commerce de Brome-Missisquoi at dg@ccb-m.ca.

Please note that, for food sector businesses, we are in the process of developing a solution with the Maturin.ca platform, thus businesses in this sector will be personally contacted by the CLD staff. For more information, contact Leslie Carbonneau at 450 266-4928, poste 225 of by email at lcarbonneau@cldbm.qc.ca.

The CLD de Brome-Missisquoi team remains available to help and support you in these uncertain times.

Trust our team of professionals
to help you every step of the way.