The Ontario government has announced a new, one-time program to support private sector tourism businesses in recovering from losses experienced because of the COVID-19 pandemic. The program is intended to help hardest-hit businesses reopen safely, create jobs, and support tourism recovery in Ontario.
Unlike the federal emergency subsidies, the $100 million Ontario Tourism Recovery Program (OTRP) is limited and competitive. To qualify, a business must have experienced at least a 50% revenue reduction in years impacted by COVID-19 (i.e., 2020 and 2021) in comparison to 2019 and demonstrate a need for funding.
Eligible tourism businesses must be operating in one of the following sectors to qualify:
The size of an eligible tourism organization and the extent of its revenue reduction during the pandemic will determine the maximum grant awarded, up to $1 million per business.
For further information on this new program, see Ontario News Release: Ontario Investing $100 Million to Help Tourism Sector Rebound From COVID-19
To find out how Ryan’s Government Incentives team can help your organization realize the benefit of this one-time recovery program and kickstart the application process, please contact:
Senior Manager, Government Grants