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Ontario Boosts Tourism Sector: Campgrounds, Businesses Can Apply For Up To $1M Financial Aid

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According to a report, tourism businesses that have suffered losses of at least half of their revenue during the pandemic are eligible for a recovery program, as Ontario’s Government has announced.

The $100-million program will allow applicants from the accommodation, attraction, and leisure travel sectors in October. The program aims to stabilize Ontario’s tourism sector as they recover from the pandemic.

In Canada, the revenue generated by the travel and tourism sector has fallen by about 90% since the start of the pandemic. The same goes for Ontario, where tourism was responsible for an estimated $36 billion economic growth before the outbreak.

“The last 18 months of the pandemic have been the most challenging Ontario’s tourism industry has ever faced. Previously an economic powerhouse for the province, tourism has been hit by the triple threat that Covid-19 represents— health, economic and social crisis,” says Lisa MacLeod, Minister of Heritage, Sport, Tourism and Culture Industries, in a media release.

Beginning on October 13th, Ontario tourism companies that have lost at least 50% of eligible revenue for 2020-2021 compared to 2019 can apply for as much as $1 million in financing. That is 20 percent of their lost income.

Successful applicants may apply the funds to any eligible expense and do whatever makes sense for their company.

The kinds of legally incorporated, for-profit companies eligible for application include campgrounds, RV parks (not including permanent residential mobile home sites), amusement parks, wineries, and more. 
For the list of eligible and ineligible businesses, click here.

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