Contacts

Economic Development Office

395 Mulock Drive P.O. Box 328 Station Main, Newmarket, Ontario
L3Y 4X7
905-953-5131
ckallio@newmarket.ca

News and Updates

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The Province of Ontario announced that the stay at home order for York Region will lift on February 22, 2021. The lockdown will be replaced with an updated version of the colour coded public health zones.  The current guidelines outlining the framework can be found here.  More information is forthcoming from the Province as to which stage York Region will re-open in. 

Support from the Town of Newmarket - Newmarket Economic Recovery Action Plan

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. 

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. 

Federal, Provincial and Industry funding for Business Recovery

Highly Affected Sectors Credit Availability Program

  • Financing available up to $1 million for business continuity 
  • 4% interest rate and repayment terms of up to 10 years
  • Program is available until June 30, 2021

Ontario Small Business Support Grant (new, as of December 21, 2020)

  • Businesses with less than 100 employees, and with a minimum 20% drop in year/year revenue comparing April 2020 to April 2019, are eligible for a one time grant of between $10 000 and $20 000.  
  • Applications will be available in January 2021.  

Ontario Main Street Relief Grant (for businesses with 2-9 employees, not limited to Main Street)

  • Retail, accommodation and food services, repair and maintenance, personal and laundry services and gyms and yoga studios with 2-9 employees can apply for a one time grant of up to $1, 000 to cover the costs of PPE dating back to March 17, 2020

Property Tax and Energy Bill Rebates

  • Business owners that are, or were, required to shut down or significantly restrict services due to a provincial public health measure can apply for grants to help with fixed energy and property tax costs.
  • Eligible expenses include municipal and education property taxes and energy costs 
  • Funding will cover the entire length of time that regionally targeted public health restrictions are in place

Canada Emergency Rent Subsidy

  • Qualifying renters and property owners can apply for a subsidy to cover part of their commercial rent or property expenses starting on September 27, 2020 until June 2021.

Canada Emergency Wage Subsidy

  • CEWS has been extended until June 2021. 
  • CEWS helps employers pay employees during the COVID-19 pandemic
  • The maximum subsidy rate is 65% (40% base rate + 25% top-up)
  • You must apply within 180 days after the end of the claim period 

Canada Emergency Business Account

  • CEBA loans provide up to $60 000 in interest-free loans to businesses experiencing the negative impacts of COVID-19 
  • Replaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 33% (up to $20,000)
  • Applicants have until March 31, 2021 to apply for the $60 000 loan or the $20 000 expansion
  • Eligibility requirements and more details can be found on the ceba-cuec.ca site.

Business Recovery
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

Property Tax Relief
Newmarket's Financial Relief program is an extension of the preliminary measures that the Town of Newmarket put in place in March to waive penalties and interest on the March and April property tax payments.  The Financial Relief Program will include:
  • No penalty and interest charges on property tax payments until January 31, 2021 
  • No penalty and interest charges for late payment of water/wastewater bills until January 31, 2021 
  • No penalty and interest charges for all Town accounts receivable including development agreements, leases and sponsorships until January 31, 2021 Penalties and interest will start accruing on February 1, 2021 and would be charged on outstanding balances as of February 28, 2021.

    More information about the property tax program can be found here. Businesses on Pre-Authorized Payment Plans Currently, the Town is withdrawing PAP payments as scheduled. If your business is currently on a pre-authorized payment plan (PAP) and you need more time to pay for the April 28 tax payments, you will need to notify the Town in writing by emailing taxes@newmarket.ca. Doing so will stop all PAP withdrawals and cancel your participation from the PAP program.