Supporting COVID-19 Response

St Lawrence Corridor Economic Development Commission is closely monitoring and assessing new developments pertaining to COVID-19 and its effect on regional businesses. We are here for our community and are working to provide support in any way that we can. To that end, we are providing resources and 1 on 1 support services to help local commercial and industrial businesses to navigate and survive the impact of COVID-19.

Supply Chain

We can help you identify new clients and business partners. Amid crisis and disruption, supply networks designed for low-cost and minimal inventory now pose a major risk. Leadership teams are taking a hard look at supply chain reliability and risk – the result is diversification of supply chains and a shift to local. We can help identify local service providers – reducing your risk and supporting your productivity and resiliency.

Working Capital

Supporting cash requirements for business continuity and identify long-term growth opportunities, the Corridor will help align your business to available Government Subsidies. 

Identify Appropriate Government Funding
Support you by identifying appropriate to support your short term challenge and long term ROI.
Navigate The Submission Process
Develop a project plan to ensure successful application submission and ensuing implementation
Advise In The Implementation
Working directly with your team we will improve funding outcomes and support application follow up. We will also help with business strategy, supply chain contingency planning and digital marketing support.

Supply Chain

We can help you identify new clients and business partners. Amid crisis and disruption, supply networks designed for low-cost and minimal inventory now pose a major risk. Leadership teams are taking a hard look at supply chain reliability and risk – the result is diversification of supply chains and a shift to local. We can help identify local service providers – reducing your risk and supporting your productivity and resiliency.

Working Capital

Supporting cash requirements for business continuity and identify long-term growth opportunities, the Corridor will help align your business to available Government Subsidies. 

Identify Appropriate Government Funding

Support you by identifying appropriate to support your short term challenge and long term ROI.

Navigate The Submission Process

Develop a project plan to ensure successful application submission and ensuing implementation

Advise In The Implementation

Working directly with your team we will improve funding outcomes and support application follow up. We will also help with business strategy, supply chain contingency planning and digital marketing support.

Canada Emergency Wage Subsidy (CEWS)

– Applications for the CEWS will be open on April 27 – 

The subsidy generally covers 75% of an employee’s wages – up to $847 per week – for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15% in March, and 30% in April and May. [MORE]

Click here to download the CEWS spreadsheet []

Temporary 10% Wage Subsidy
(TWSE)

The Temporary 10% Wage Subsidy is a three-month measure that will allow eligible employers to reduce the amount of payroll deduction required to be remitted to the Canada Revenue Agency (CRA). [MORE]

Canada Emergency Business Account (CEBA)

The Canada Emergency Business Account (CEBA) will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced. [MORE]

NRC IRAP Innovation Assistance Program (IAP)

– The call for applications will close Wednesday, April 29, 2020 at 11:59 pm EDT. –

On April 17, 2020, the Government of Canada announced $250 million in funding for the Innovation Assistance Program (IAP) to assist Canadian small and medium-sized enterprises (SMEs) IRAP IAP provides a wage subsidy to eligible employers for up to 12 weeks.

SMEs pursuing technology-driven innovation who have been unable to secure funding under the Canada Emergency Wage Subsidy (CEWS) are eligible and can apply for financial assistance under IRAP IAP. [MORE]

Canada Emergency Commercial Rent Assistance (CECRA)

The program will provide forgivable loans to qualifying commercial property owners to cover 50% of three monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.. [MORE]