Regina Economic Recovery Grant Supports 185 Local Businesses Applications Still Being Accepted
In its first month, Phase 2 of the Regina Economic Recovery Grant (RERG) program has provided financial support to an additional 44 local businesses reshaping their operations and services in response to COVID-19.
This brings the number of grants awarded to a total of 185 since Phase 1 of the RERG program was launched in August 2020. $688,000 in grant funding has been provided to Regina businesses of all sizes. Ten applicants have so far received the maximum grant funding of $25,000 now available in Phase 2.
“We’re seeing a great variety of business expenses that have been incurred as a result of the pandemic, as well as a lot of different ways that businesses are adapting in order to continue operating safely and sustainably, or just completely changing the business they deliver,” says Deborah Bryden, Director of Assessment & Property Revenue Services. “We encourage all businesses to look into the grant, and if there are any questions about criteria or eligibility, to contact the City for assistance.”
Businesses in the accommodation and food service sector received 56 grants, the highest total of any single sector to date. Applications have also been approved for businesses in sectors including retail, arts & entertainment, and recreation services, as well as a diverse range of businesses in the ‘other’ category.
Recipients have used the funds in different ways including: renovations to assist with expanded seating or takeout services, equipment for teaching online, and implementing keyless entry systems.
Applications can be submitted online each week at Regina.ca/recovery. A new intake period begins every Tuesday, which enables the City to award funding in a timely manner. Turnaround time is typically no more than two weeks after all applications are completed and verified each week. Grants are awarded in the amounts of $1,000, $2,500, $5,000, $10,000 and $25,000. These are matching grants, which means the recipient is required to contribute an equal amount of funding toward the eligible expense or project.
Visit Regina.ca/recovery for full information about the Regina Economic Recovery Grant and to apply.