Alberta Government Announces Relaunch Payment For Small And Medium-Sized Businesses

On June 5, 2020, the Alberta government announced new measures aimed at supporting small and medium-sized businesses.

The government committed to assisting businesses that have been severely impacted by the COVID-19 pandemic in two main ways:

1. By introducing further measures, including legislation, to ensure that commercial tenants do not face rent increases or face eviction for non-payment during the public health emergency; and
2. By providing small and medium-size businesses that are struggling to reopen with a one time relaunch payment of up to 15% of monthly revenue to a maximum of $5,000.

Relaunch Payment

The relaunch payment will be aimed at assisting small and medium-sized businesses with less than 500 employees that have had their operations shut down or severely curtailed. The government is committing up to $200 million to assist these businesses with costs of reopening, including costs associated with implementing measures to prevent the spread