Program benefits can be used by the business to assist with fixed costs or any other expenditures deemed necessary by the business.
Benefits for the accommodations and major event facilities sectors:
Payments are calculated based on 30% of an eligible applicant's average monthly sales revenue for each full month of operations in 2018 or 2019. The applicant may select either 2018 or 2019 as a base year; whichever year provides the business with the most financial assistance.
The maximum payments will be $50,000. Payments cannot exceed a business’s annual sales revenue in 2019.