Today’s Top Story
CBRN Launches National Guide For Business Reopening
As businesses prepare to reopen or revamp their operations amid the ongoing COVID-19 pandemic, there are numerous issues and challenges to consider. This toolkit prepared by the Canadian Chamber of Commerce’s Canadian Business Resilience Network is designed to provide guidance, or access to guidance, for business owners and senior managers responsible for re-establishing their operations while ensuring the health and safety of their staff, customers, suppliers and the general public is at the forefront.
The toolkit provides key information on government regulations, childcare availability, sourcing PPE, government financial supports and communicating to staff, customers and suppliers. The guide also includes links to a wide range of additional toolkits and resources prepared by members of the CBRN. Key sections of the guide will be regularly updated online to provide the most recent information available.
Please feel encouraged to share the link to the guide with your own networks. We are all in this together. Access the toolkit here.
For Your Attention
Application Process For The Large Employer Emergency Financing Facility (LEEFF) Program Now Open
This program will provide emergency funding support for large Canadian enterprises facing financial challenges in light of the economic impact of the global COVID-19 pandemic. LEEFF will be open to large Canadian employers who (a) have a significant impact on Canada’s economy, as demonstrated by (i) having significant operations in Canada or (ii) supporting a significant workforce in Canada; (b) can generally demonstrate approximately $300 million or more in annual revenues; and (c) require a minimum loan size of about $60 million. More information.
More Information For Canada Emergency Commercial Rent Assistance (CECRA) Program Released
Today the government provided more information on the CECRA program, including eligibility, what is needed to apply and that applications will become available on May 25. Landlords looking to use the program to help their tenants mitigate the impacts of COVID-19 are encouraged to prepare for the application process prior to Monday. More information.
Retail Council Of Canada (RCC) Introduces A New Workforce Tool For Retailers For Matching Talent With Jobs
COVID-19 has created an unprecedented worker supply and demand mismatch. While some sectors are forced to shut their doors, furloughing and laying off workers, other sectors are faced with unprecedented demand that current hiring processes cannot meet. The RCC is co-sponsoring the Eightfold Talent Exchange, a talent marketplace built and hosted by Eightfold.ai. The online portal will help companies identify the talent they have furloughed and make connections with companies that are hiring. This is a free platform for retailers until December 2020. More information.
How We’re Helping Canadian Business
Chamber Chief Economist Comments On LEEFF Program
Our Chief Economist and VP of Policy, Trevin Stratton, explains in The Logic that Canadian business should seek “to the greatest extent possible” private financing before considering borrowing from the government LEEFF program. Read more (subscription required).
Webinar | Strategies For How Businesses Can Persevere And Recover From COVID-19
Join us on May 26 at 1:00 p.m. ET for a webinar with Canadian Western Bank (CWB) on tips and tricks for how to take care of your employees and gain insight into how CWB is able to offer its support to businesses and clients as they navigate the crisis and beyond. Register now.
A #TeamCanada Approach
Canadians have stepped up to show kindness and strength during these challenging times. Inspired by how Canada has come together while remaining physically apart, Air Canada is proud to be doing its part. From donating meals to charities, to delivering PPE to front-line workers, to flying Canadians home during the pandemic,Air Canada continues to #FlyTheFlag. Watch the video.
Axiomatech, a member of the Sherbrooke Chamber of Commerce, has made available to fellow contractors a list of suppliers with whom they work and who offer hygiene and protection products. They are sharing this information in order to protect as many people as possible and help people source hygiene products and PPE.
If you know of a business that has taken steps to help Canadians through this pandemic, please contact us.