COVID-19 Business Resources
March 27, 2020, the federal government announced that it would be increasing the employee wage subsidy from 10% to up to 75%. The London Chamber of Commerce along with the Canadian Chamber of Commerce had been lobbying for the increase since the subsidy was announced. More details can be found here.
members - how You Can help:
is the main distributor for pandemic response of logistics and inventory for the Southwest Region of Ontario. They are in need of additional warehouse space for pandemic supplies Click here for details.
The Government of Ontario announced a new website to help businesses work with the province to meet the challenges of COVID-19. Any business that could produce – or reconfigure to produce – essential equipment, from ventilators and masks to swabs and eye-protection, is encouraged to visit the Ontario Together webpage.
Financial relief from Canada's six largest banks - click here to learn more.
C$10 billion will be available to SMEs through the Business Development Bank (BDC).
Chamber Member and Community Partner Led Complimentary Offerings
Work from Home Assistance:
Consys Group - 1 free remote access to chamber members, 1 free hour of IT remote support, Free dark web monitoring scan of your business domain due to increased phishing scams happening. Free IT consulting
Free Business Services:
Online Learning You Can Do From Home:
The Ivey Academy - Apr. 2 - Strategies for Leadership in an Uncertain Future
The Ivey Academy
*If you are a Chamber member who is offering free services specific to the COVID-19 crisis and would like to have them included on this page, please email the details and a link to Kristen@londonchamber.com
General Business Planning
Support to Businesses
- Overview of the Ontario and Federal Government's financial support for businesses
- If your tourism agency or small-to-medium sized business is affected by COVID-19, Canada's Regional Development Agencies can help you keep your business running
- The Government of Canada has launched a COVID-19 Economic Response Plan. Discover support being offered to businesses
- The Business Credit Availability Program (BCAP) will allow the Business Development Bank of Canada and Export Development Canada to provide more than $10 billion of additional support, largely targeted to small and medium-sized businesses.
- The Canada Revenue Agency will allow all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020
- A number of measures to help businesses support their employees have also been announced. The one-week waiting period for Employment Insurance (EI) sickness benefits has been waived and new enhancements to the Work-Sharing Program have been introduced. Additionally, an Emergency Support Benefit will be introduced for workers facing unemployment who are not eligible for EI
- Canada's six biggest banks will provide financial relief to Canadians impacted by the economic consequences of COVID-19
- Farm Credit Canada will receive support from the Government of Canada that will allow for an additional $5 billion in lending capacity to producers, agribusinesses, and food processors
Helping Businesses Keep their Workers
Flexibility for Businesses Filing Taxes
Ensuring Businesses Have Access to Credit
Supporting Financial Market Liquidity