Kitchener proposes $110M plan to stimulate economic recovery

Local businesses | Policy leadership | Recovery

The $110-million fund would help with job growth, business recovery and affordable housing because of cancellations, closures and job losses as a result of the COVID-19 pandemic. A staff report shows they plan to get the money by taking $10 million from the Economic Development Reserve, borrowing $20 million and selling surplus city-owned to get around $80 million. The fund is expected to last about a decade, until 2030. The money will be used for various projects to help residents and businesses get back on their feet. The city said its number one priority is affordable housing.

City of Quebec launched a currency to encourage purchases from local merchants

Local businesses | Main Street

Quebec City residents can buy “packages” of the local currency in various denominations that can be redeemed for 20-60% more than their purchased cost. Within a few hours the entire packages on offer had been sold out raising over  $ 130,000 for local businesses.

Ma Zone Québec is a transactional platform for discovering Quebec-based local entrepreneurs and local products and services.

General: Online communities and networks | Local businesses

There is recognition that even if you want to buy local, sometimes it’s difficult to find products and services. The objective of this platform is to favor local purchases in a simple, practical and friendly way to really allow a change in consumption habits. The mission of Ma Zone Québec is also to participate in the influence of our local entrepreneurs. Ma Zone Québec is a showcase that challenges itself to make the people behind the products and services known. Craftsmen, entrepreneurs, creators, founders, they are the ones who must be highlighted and made discover their inspiring stories.

The South Island Prosperity Index provides a snapshot of the Victoria region’s monthly economic recovery during and following COVID19

General: Online communities and networks | Local businesses | Policy leadership

The 2020 Prosperity Index features comparative data on 33 indicators which provide a picture of economic health across three themes: Economic Vibrancy, Equity & Inclusion, Environmental Prosperity.

City of Montreal offers subsidy for construction projects in buildings that house social economy businesses

Local businesses | Policy leadership

This subsidy program is accessible to social economy businesses anywhere in the Montréal agglomeration that meet the conditions. Financial assistance includes:

  • A subsidy that covers 40% of the cost of eligible construction/renovation/expansion work, up to $250,000
  • An additional subsidy that covers 50% of the fees for professional services (architecture, design, engineering, project management, urban planning, archeology or consultants) up to 7.5% of the cost of eligible construction/renovation/expansion work or $50,000

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