While everyone was locked inside, many small businesses were wondering how they could keep their doors open. The pandemic brought collateral damage for many small businesses. While some were unable to survive, others have received support from companies and the government.
Here are a few companies that made a difference (and are continuing their efforts).
Nova Scotia Crown Corporations
Crown Corporations in Nova Scotia helps small businesses become more competitive in the online world by helping them access and adapt to digital technology they may not have used previously. This includes online sales training, useful programs concerned with adaptability, the Internet for Nova Scotia Initiative, vendor connections, and events. President and chief executive officer for Halifax Partnership, Wendy Luther, said:
“Small businesses play a critical role in our economy, especially now as we recover from the impacts of COVID-19. These companies have shown resilience as they changed their models to include e-commerce or home delivery and they’ve made their businesses safe and welcoming for customers. I encourage everyone to rediscover what your neighbourhood small businesses have to offer and make buying local your first choice”Canada Small Business Financing Program
This program makes it easier for small businesses to get the resources they need for a business loan. This company has guided numerous small businesses through the process and shared in the risks. If you are a small business facing hardships, checkout their eligibility requirements.
Government support efforts
The Canadian government has multiple programs in place to support businesses. These include programs concerned with layoffs, rehiring and creating new jobs, support for indigenous businesses, programs for financial support, loans and credit access and support for those who are self-employed.
The pandemic is a crisis we did not prepare for. The negative impact it had on our economy is colossal. However, in times of hardship, there will always be support. If you are a business owner that is struggling to make ends meet, or finding it difficult to rise above these challenges, there are avenues of support to help you stay afloat and continue to grow.