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CLOSED – COVID-19 New Brunswick Support Programs

CLOSED – COVID-19 New Brunswick Support Programs

Synopsis
3 Minute Read

CLOSED – COVID-19 New Brunswick Support Programs
COVID-19 Response Plan - New Brunswick Government - Support for Canadians
Last updated May 25, 2022, 11:00 a.m. MST

Insight
Insight

NB Support for Businesses

NB Small Business Recovery Grants (closed)

Eligibility

  • Eligible businesses must:
    • Be a for-profit business
    • Have been open on or before February 1, 2020
    • Employ between 2-99 people full-time
    • Have experienced a year-over-year revenue drop of 30% or more for months under COVID-19 restrictions
    • Have faced either orange or red alert levels in NB for at least one week from October 10, 2020 to March 31, 2021

Benefit

  • Funding includes a non-repayable grant equal to 15% of the business’ revenue from sales for a comparable period in the previous year, up to $5,000

Action Needed


Community Investment Fund (CIF) (closed)

Eligibility

  • For 2020-21 fiscal year only, a COVID-19 Relief category added to CIF for non-profit organizations whose sustainability has been negatively impacted by COVID

Benefit

  • Funding to help cover certain general admin/operation costs, equipment or supplies to comply with public health recommendations or projects addressing impacts of COVID-19

Action Needed

NB Self-Employed Lockdown Fund (closed)

Eligibility

  • For businesses without employees that were ordered to close under the COVID-19 Winter Plan
  • Eligible businesses must prove they:
    • Are registered and actively carrying on business in NB;
    • Have an active and valid CRA business number;
    • Are in good standing with the Province of NB and Corporate Registry of NB; and
    • Can provide evidence of annual gross business income of more than $30,000

Benefit

  • One-time grant of $2,000

Action Needed

  • Application period closed March 31, 2022
  • Program details available here

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