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Monday July 27,  2020
The Bow Valley Chamber of Commerce
Elevating, Connecting, & Advocating
Bow Valley Restart Fund Applications Now Open
The Bow Valley Restart Fund (BVRF) provides grants for local Bow Valley businesses that are facing unforeseen costs due to the sudden nature of the COVID 19 pandemic.

Bow Valley businesses are needing to restart, this includes restocking inventory, meeting new government requirements, hiring new staff, training, protective equipment, store modifications, and cleaning costs, all while having their occupancy allowances restricted, and travel and tourism restricted. The Bow Valley business community is facing the challenge of understanding a new economical landscape, what once was a global destination, is now a local and regional destination.

The BVRF is raised from contributions of those who find it important to help local Bow Valley businesses. Such as local associations like the BVCC, local municipalities such as the Town of Canmore, industry partnerships, and other contributors.

The purpose of this program is to assist where possible, given the unique nature of the economic environment. We intend to help as many Bow Valley businesses as possible based on the contributions we receive to help those who need it the most by awarding grants of up to $5,000.00.

To view all BVRF information  visit the BVCC website and select the menu heading under Bow Valley Restart Fund (BVRF)  that pertains to you. 
Support Local Campaign 
Sports Experts Canmore has shown their support of the campaign by painting the hashtags on their windows. Thank you Sports Experts Canmore

Join the conversation by using the hashtags #SupportLocalCanmore and  #BuyItInTheBow to help us celebrate local businesses' contribution to our economy and community. Or post a video or photo along with a short write-up about why is it important to support local.  

If you would like to contribute any information on your business please reach out with an image(s) and a short blurb about your business. We will be happy to post and share for you.

SMARTstart Entrepreneurial Program
 Mentors & Teachers Needed

We are currently recruiting mentors for the SmartStart Entrepreneurship program. There has been 24 applicants, and the program can accommodate 15 – 20 participants. The program will go live in September and include online, in person training, and mentorship elements. 

Click HERE to apply to be a SMARTstart Mentor
BVCC New Member Spotlight!
INSPIRE 
Enrich spaces and provide a timeless result
Creating a space that speaks to you and only you, at home or work, a place that truly reflects your personal sense of life and vitality.

INNOVATE
Materials, colour, design and technology
Going beyond the trends and developing concepts that are as unique as your story, then delivering on solid design and management.

INTERACT
Collaborate and engage to meet your needs
Strong collaborative relationships, grounded in a mature understanding of interior architecture to create spaces of elevated simplicity.

Visit Bozena Interior Design's website today and contact them for more details.

The Town of Canmore

 Business Recovery Task Force
The Business Recovery Task Force will address and respond to business needs. The task force will include diverse members of our business community, Town Council, and the CBA. The mandate of the task force will also be to develop recommendations to support the return to work of Canmore’s workforce; to support business operations in the recovery efforts and future growth, and to identify opportunities to propel our community beyond the recovery stage.
Check out full information on the Business Recovery Task Force HERE
Tourism Task Force
The Tourism Task Force will lead a community engagement initiative with a broad cross section of the community, with the aim of finding common ground between the tourism industry and the community to work towards creating a shared vision for tourism. 
Click HERE to view further information on the Tourism Task Force

The Government of Alberta

View all Guidance and restrictions to help Albertans limit the spread of COVID-19 when gathering in groups HERE 
Click HERE to view Alberta's Relaunch Strategy
Phase Two
The following can now re-open in Alberta
  • K-12 schools, for requested diploma exams and summer school, following guidance
  • Libraries
  • Additional surgeries, and wellness services such as massage, acupuncture and reflexology
  • Personal services (esthetics, cosmetics skin and body treatments, manicures, pedicures, waxing, facial treatments, artificial tanning)
  • Movie theatres and theatres
  • Community halls
  • Team sports
  • Indoor recreation, fitness and sports, including gyms and arenas
  • Pools for leisure swimming
  • VLTs in restaurants and bars
  • Bingo halls and casinos (excluding table games)
  • Instrumental concerts
  • Provincial campgrounds can now operate at full capacity
In addition, with public health measures in place, capacity restrictions have been lifted for restaurants, cafes, lounges and bars. 

The GOA Small and Medium Enterprise Relaunch Grant

Applications are still open for the Government of Alberta Small and Medium Enterprise Relaunch Grant. The Small and Medium Enterprise Relaunch Grant offers financial assistance to Alberta businesses, cooperatives, and non-profit organizations that were ordered to close or curtail operations, and that experienced a revenue reduction of at least 50%, as a result of the COVID-19 pandemic. Eligible organizations can apply for 15% of their pre-COVID-19 revenue, up to a maximum of $5,000 in funding.

View all info on the Government of Alberta SME Relaunch Grant

The Federal Government of Canada

Federal Tools & Programs
To help Canadians and Canadian businesses navigate the number of COVID-19 programs available, the government has developed two tools; one for individuals and one for businesses. They allow users to quickly find programs they may qualify for by answering a few simple questions.
View all federal supports for business
July 27th: The Canada Revenue Agency announces an extension to the payment deadline and offers interest relief on outstanding tax debts during COVID-19 
Payment deadline extension - "The CRA is extending the payment due date for current year individual, corporate, and trust income tax returns, including installment payments, from September 1, 2020, to September 30, 2020. Penalties and interest will not be charged if payments are made by the extended deadline of September 30, 2020. This includes the late-filing penalty as long as the return is filed by September 30, 2020."

Interest on Existing Tax Debt - "The CRA is also waiving interest on existing tax debts related to individual, corporate, and trust income tax returns from April 1, 2020, to September 30, 2020 and from April 1, 2020, to June 30, 2020 for...(GST/HST) returns."

Filing Returns - "The previously extended filing due dates for individual, corporate, and trust income tax returns remain unchanged. However, recognizing the difficult circumstances faced by Canadians, the CRA will not impose late-filing penalties where a current year individual, corporation, or trust return is filed late provided that it is filed by September 30, 2020.” 
Read the CRA news release HERE

July 17th: Proposed Canada Emergency Wage Subsidy Extension

Finance Minister, Bill Morneau, announced proposed changes to the CEWS that would broaden the reach of the program and provide better targeted support so that more workers can return to their jobs quickly as the economy restarts. This support would continue to protect jobs and help Canadian businesses that are the most impacted.

The changes included in the Government’s draft legislative proposals would:

  • Allow the extension of the CEWS until December 19, 2020, including redesigned program details until November 21, 2020.
  • Make the subsidy accessible to a broader range of employers by including employers with a revenue decline of less than 30 per cent and providing a gradually decreasing base subsidy to all qualifying employers. This would help many struggling employers with less than a 30-per-cent revenue loss get support to keep and bring back workers, while also ensuring those who have previously benefited could still qualify, even if their revenues recover and no longer meet the 30 per cent revenue decline threshold.
  • Introduce a top-up subsidy of up to an additional 25 per cent for employers that have been most adversely affected by the pandemic. This would be particularly helpful to employers in industries that are recovering more slowly.
  • Provide certainty to employers that have already made business decisions for July and August by ensuring they would not receive a subsidy rate lower than they would have had under the previous rules.
  • Address certain technical issues identified by stakeholders.
Read the CEWS news release HERE
Click HERE for full details on the CEWS

Chamber & Other Info 

Looking to Hire? 
Post your opportunity on the Job Resource Centre's Job Board
https://www.jobresourcecentre.com/post-job
Three Sisters Mountain Village Business Interest Group Session
Join TSMV at tomorrow's business interest group session to share your input and learn more about the Three Sisters Mountain Village proposals going to Canmore Council this fall. These  90 minute online sessions are for community members who want to learn more about the upcoming Three Sisters Mountain Village (TSMV) Area Structure Plans (ASPs) that will be submitted to Canmore Town Council later this year. The purpose of these sessions is to hear community input on the DRAFT ASPs, so TSMV can refine them before the plans are submitted to Canmore Town Council. 
Click here to view full event info!
Joint letter to political leaders on the prolonged recovery of the food service industry across Canada 

The Alberta Chambers of Commerce (ACC) joined the Canadian Chamber of Commerce, Restaurants Canada, businesses, and chambers of commerce and boards of trade across Canada to call on all orders of government to urgently address the damaging impacts of COVID-19 on Canada's food services industry.

"Restaurants play a vital economic, social, and cultural role in communities across our province and our country. They have long been places to celebrate milestones, experience different cuisines, and connect with friends and family––all while contributing significantly to local, provincial, and national economies," says ACC President and CEO Ken Kobly. "Unfortunately, COVID-19 and ongoing physical distancing requirements mean Canada's restaurant industry has lost a devastating 800,000 jobs since the beginning of the pandemic. The food services industry already operates on razor-thin margins and can't take much more."

Prior to COVID-19, Canada's restaurant industry directly created one out of every 15 jobs (1.2 million Canadians), served 22 million meals per day to Canadians, operated nearly 100,000 establishments, paid Canadians $30 billion in wages and benefits, and contributed $31 billion annually to Canada's GDP. Today, revenues are off by 60 and 70 per cent while business operators continue to pay nearly full pre-COVID costs––an untenable situation.

The letter outlines where government programs have supported the industry while identifying key gaps where immediate action is required to prevent irreparable harm to the food services industry.
Click HERE to read the letter
Read more on how to create a BVCC Info Hub account
Cheers to You & Entrepreneurship
 
The BVCC’s mission is to sustain a successful business community in the Bow Valley by Elevating, Connecting and Advocating for our members. A BVCC membership connects you and your business with nearly 300 other businesses spanning from Kananaskis to Lake Louise.

#SupportLocalCanmore & #BuyItInTheBow
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