News and Updates
Sign up for COVID-19 Business Updates on Municipal (local), Provincial, Federal and community information.
Support from the Town of Newmarket - Newmarket Economic Recovery Action Plan
The Newmarket Economic Development team will continue to support businesses during this difficult time. To ensure the health and safety of our clients and staff, all business support activities will be conducted via phone and online. To assist us in answering your question please fill out the form at the following link.
Stage 3 - Re-opening Your Business
The Town of Newmarket, along with the rest of York Region, was permitted to enter Stage 3 of re-opening as of 12:01am, Friday, July 24, 2020.
In Stage 3 of re-opening, nearly all businesses and public spaces can gradually re-open with public health and workplace safety restrictions in place to keep everyone safe. The Town of Newmarket will continue to take a cautious approach to reopening with the health and safety of our community as our priority. For updates on the Town's re-openings please visit newmarket.ca/reopen.RE-OPENING INFORMATION AND RESOURCES
The Newmarket Chamber of Commerce has put together a document to assist businesses in planning their re-opening. It includes specific resources for industries as well as guides for employee health and safety, communications and physical distancing. The Chamber's resource is available here.
The Newmarket Chamber of Commerce is offering business support during the COVID-19 Pandemic. Their website includes information on Federal and Provincial loans, stimulus funding and other important resources. Visit newmarketchamber.ca/covid-19 for details.
The Newmarket Economic Development office is committed to supporting the immediate and long-term economic success of the business community in the wake of the COVID-19 pandemic. All requests for assistance as they pertain to COVID-19 are being processed through our Business Assistance Concierge Program. This program connects you directly with a case manager who can provide updates on programming, funding and on-going support during COVID-19.
To take advantage of the services offered by the BAC please fill visit our landing page, or contact Alex Al-jbouri at 905 895 5193 ext 2753.
Mentorship Access Program
The Town of Newmarket Mentorship Access Program (MAP) provides businesses access to a directory of fellow business leaders who are open to providing mentorship on items such as business planning, marketing, employee engagement and more. Businesses in Newmarket have extensive knowledge of their industry. This program seeks to augment the business owners' expertise with an objective partner in brainstorming and business planning. Business owners wishing to connect with a mentor should do so by filling out the form at www.newmarket.ca/bac
Support for Community Groups
Newmarket is also taking significant action to help support the most vulnerable in the community. Council has approved $25,000 in support of community meal programs, enhanced community food bank operations and other community needs. The Town is working with community groups on contingency planning to ensure they are able to meet the needs of the community as the COVID-19 pandemic continues to unfold.
The Town of Newmarket is working with many local organizations who are helping to support the community throughout the COVID-19 pandemic. For more information on how you can help, please contact us at 905-895-5193.
York Region Business Support
Information and Resources
York Region provides a variety of programs designed to attract and support business, large and small. Learn more below.
- Digital Main Street Funding Programs. Digital Main Street has launched a "Shop Here" funding program that covers the full cost of developing, launching, and operating (for three-months) a digital website for eligible small Ontario businesses. Interested businesses should click on the link provided to submit a short online application to determine eligibility. An additional funding program to fund the operation of the webpage after the initial 3-month funding period will also be launched shortly.
York Region Economic Development list of Government and Industry contacts and support
York Small Business Enterprise Centre (YSBEC): Effective immediately, where possible, the YSBEC will be moving all in-person consultations to phone consultations. Consultations that cannot be completed by phone will be postponed until further notice. For information please email: firstname.lastname@example.org
CANADA Emergency Wage Subsidy
The Canada Emergency Wage Subsidy (CEWS) is available to eligible Canadian employers whose business has been affected by COVID-19. Employers may be eligible for a subsidy of 75% of employee wages for up to 24 weeks, retroactive from March 15, 2020, to August 29, 2020. This wage subsidy will enable you to re-hire workers previously laid off as a result of COVID-19, help prevent further job losses, and better position you to resume normal operations following the crisis.
Wage subsidy of 75% on the first $58 700 earned by an employee ($847/week).
The subsidy is available to businesses, not-for-profits and charities whose revenue has decreased at least 15% in the month of March and 30% in each of the following qualification periods due to COVID-19
Business credit availability program
Canada Emergency Business Account (CEBA) will provide interest-free loans for one year of up to $40 000 to small businesses and non-profit organizations.
- Businesses must demonstrate that they paid between $20 000 and $1 million in payroll in 2019
- Up to $10,000 may be forgivable if 75% repaid within one year
- Transitions into a 3-year loan at 5% interest after 1 year
- The program will be rolled out through financial institutions in the weeks following March 27
Government has made available up to $6.25 million under this program
Loans available through financial institutions at the commercial interest rate
Ten year repayment period
Other Federal Assistance for Businesses
BDC (Business Development Bank of Canada) - Support for entrepreneurs through financing
Canadian Chamber of Commerce - Pandemic preparedness guide for business
Export Development Canada - EDC stands ready to support Canadian exporters impacted by COVID-19
FedDev Ontario - The Regional Relief and Recovery Fund is now open to small and medium sized businesses to apply. This funding supports businesses that have been unable to obtain funding through other federal COVID-19 response measures
Large Employer Financing Facility – provides bridge financing to Canada’s largest employers whose needs during the pandemic are not met by conventional financing. More details to come
Government of Canada: Opportunities for suppliers to provide the government with products (eg. face masks, gloves, etc.) and services in support of Canada's response to COVID-19
Canada Revenue Agency: Income tax filing and payment dates have been extended.
- June 1, 2020 (file), September 1, 2020 (payment) for
- June 15, 2020 (file) and September 1, 2020 (payment) for
self-employed individuals and their spouse
- June 1, 2020 (file) and September 1, 2020 (payment) for
corporations with filing dates after March 18 and before June 1, 2020.
Industry Organization Support
Industry organizations have provided guidelines to help their members and businesses, in general, respond to COVID-19. Visit the links below for more information: