The Coalition of Hardest Hit Businesses (CHHB), comprised of Canadian businesses and organizations in the tourism, travel, hospitality, arts, festivals, and events sectors, continues to urge the federal government for immediate heightened financial support as a second lockdown looms.
On November 23rd the coalition submitted a formal letter to the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, outlining three key areas in which the government can hastily bolster support for pandemic-crippled businesses.
The coalition firstly requested increased wage subsidy support in order prevent the continuation of mass employee terminations throughout the winter.
Also requested was a modified fixed cost relief program, with proportional support directed to the hardest-hit sectors without per-property value caps.
Lastly, the coalition mentioned the importance of readily-accessible debt on reasonable terms and without personal guarantees, as banks are unwilling to take on high-risk businesses.
Executives within the CHHB are also calling for the support of stakeholders and the public to contact their Members of Parliament regarding the topic, ahead of the 2020 Fall Economic Statement which will be delivered by Minister Freeland on November 30th.
For more information please visit HardestHit.ca.