The City of Yellowknife has announced new funding to help small and medium-sized businesses as they recover from the Covid-19 pandemic.
In a news release on Monday, the city said eligible businesses can apply for up to $5,000 under the business services grant. The new fund aims to help with the costs of re-opening or returning to full-capacity operations.
The NWT’s Covid-19 restrictions were lifted at the start of April.
“Yellowknife’s economy depends on the growth and success of its small and medium-sized businesses. Supporting them in their recovery from the pandemic is essential and beneficial for all of us,” Mayor Rebecca Alty said in a statement.
If approved, businesses must submit proof of expenses related to adapting to “a post-Covid-19 economy.” Expenses must be incurred on or after January 1, 2022. Eligible costs include accounting, marketing, training and consulting services.