16 | THE WELLINGTON ADVERTISER |
OCTOBER 15, 2020
BARRISTER & SOLICITOR
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BUSINESS WEEK
Local events planned for Small Business Week, Oct. 18 to 25 CENTRE WELLINGTON - Small Business Week is an annual celebration of entrepreneurship that the Business Development Bank of Canada (BDC) has organized for over 40 years. Every year, close to 10,000 entrepreneurs gather to learn, network and celebrate the people building businesses across the country. Locally, the Centre Wellington Chamber of Commerce (CWCC) Small Business Week Celebrations are sponsored by Bensol Consulting Inc. CWCC is taking this week as an opportunity to launch several new initiatives for the business community, all designed with recovery and resiliency in mind. Awards of Excellence Nominations Over the last 20 years, the annual Awards of Excellence event has evolved, but the reason the business community gathers year after year remains the same - to thank all of the individuals and businesses who support thecommunity.
Nominations are typically accepted into 13 award categories for several months prior to the event. As a pilot project for the 2021 event, year-round nominations will be accepted for three of the award categories: Citizen of the Year, Youth Citizen of the Year, and Customer Service Excellence. The hope is that this allows nominations to be submitted when they are top of mind for people. Nominations forms and more details can be found at www.cwchamber.ca/ Awards-of-Excellence Twenty-Six Coffees Twenty-Six Coffees is CWCC’s new B2B networking program, sponsored by Enbridge Gas, designed to help participants meet new people, exchange ideas, and grow their network. The idea is to challenge community members to have one coffee (virtually or otherwise), bi-weekly, with a new person each time, and let the chamber assist in the followthrough.
CENTRE WELLINGTON CHAMBER OF COMMERCE “We provide the schedule. We provide the contact information. You agree on a day, time, and place, and enjoy meeting new people with the potential to generate new customers, collaborations, ideas, friendships, and perspectives,” officials state. Registration is open now for this program through to
the end of November. The meeting schedule will be shared in December, to get started in January. Registration and more information is available at www.cwchamber.ca/events. Chamber success stories As part of CWCC’s new Member Moments video series, members have been
tag CWCC. Posting a video is one entry to win three months on the electronic sign with a prominent location on Highway 6. Contest will run until the end of October. Facebook: @cwchamber Instagram: @cwchamberofcommerce Twitter: @CW_ Chamber.
asked to share their chamber success stories. These are being shared all week on CWCC’s social media accounts, and all business owners are invited to share as well. Simply record a quick video, or take a photo and include the story in the caption, post on social media and
WHAT’S HAPPENING? CENTRE WELLINGTON
merce (CWCC) is taking Centre Wellington Chamber of Com ch several new initiatives laun to next week as an opportunity gned with recovery and for the business community, all desi resiliency in mind.
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t, year round nominations As a pilot project for the 2021 even rd categories: awa the of e will be accepted for thre Year, and Customer the of en Citiz th You , Citizen of the Year this allows nominations Service Excellence. The hope is that mind for people. of to be submitted when they are top be found at: can ils deta e Nomination forms and mor nce celle f-Ex ds-o war www.cwchamber.ca/A
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ce to WIN ... Share your success story for a chan sign (prominent ic WIN three months on the electron a quick video, rd reco ly Simp location on highway 6). your caption, in y stor the de inclu or take a photo and post on social media and tag CWCC. of October. Contest will run through to the end @cwchamber
@CW_Chamber
@cwchamberofcommerce
sponsored by CWCC Small Business Week Celebrations
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OCTOBER 15, 2020 | THE WELLINGTON ADVERTISER | 17
BUSINESS WEEK
Ontario announces $60-million Main Street recovery plan TORONTO - The Ontario government announced a $60-million plan to help business recover from COVID-19. On Oct. 7, Prabmeet Sarkaria, associate minister of Small Business and Red Tape Reduction, announced Ontario’s Main Street Recovery Plan and the government’s intention to introduce the Main Street Recovery Act, 2020. If passed, the act will remove hurdles faced by small businesses and allow them to pursue new opportunities — while maintaining or enhancing protections for public health, safety and the environment. The plan includes: - a one-time grant of up to $1,000 for eligible main street small businesses — in retail, food and accommodations, and other service sectors — with two to nine employees to help offset the unexpected costs of personal protective equipment (PPE); Ontario’s Small Business COVID-19 Recovery Network, which links 47 Small Business Enterprise Centres across the province
as places where small businesses can access tailored advice and information on local, provincial and federal programs; - Digital Main Street Squads to help small businesses grow online; - mental health supports for families, frontline workers, young people, children, and Indigenous communities; and - Ontario’s Small Business Recovery Webpage to provide single window access to small business supports. “Small businesses are the backbone of Ontario’s economy, and our government will always be in their corner. Through more than 100 virtual roundtables and discussions with small business owners, their employees, local leaders and economists from all over Ontario, I’ve heard directly about the extraordinary sacrifices small businesses have made to keep their employees safe, their customers confident, and their communities strong,” Sarkaria said. “Our government is standing with main street
businesses, and we remain committed to their recovery and renewed success. We are determined to support them through this pandemic and beyond.”
“Small businesses are the backbone of Ontario’s economy, and our government will always be in their corner.” - Prabmeet Sarkaria, associate minister of Small Business and Red Tape Reduction
The plan’s regulatory and legislative changes, if passed, will: - commit to exploring options to permanently allow licensed restaurants and bars to include alcohol with food as part of a takeout or delivery order before the existing regulation expires; - permanently allow 24/7 deliveries to businesses that include retail stores, restaurants, and distribution facili-
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18 | THE WELLINGTON ADVERTISER |
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OCTOBER 15, 2020
BUSINESS WEEK
Canadian entrepreneurs shifting priorities with COVID-19 Collins Barrow - Guelph Wellington Dufferin is has changed Canadians’ hab- er and work trends can put now Baker Tilly GWD. Long-time local insight SMEs back on the track to its.
MONTREAL - Most small and mid-sized enterprises (SMEs) are looking ahead and taking action to prepare for the future despite COVID19, according to BDC’s study, The Response: How Entrepreneurs Are Adapting to the Pandemic. The study identifies five priorities for entrepreneurs as they plan for the future, as well as how the pandemic
prosperity. As a second wave looms ahead, the recovery may be choppy, but we are confident in the ability of SMEs to adapt as the situation evolves.” Planning the future: Five priorities for entrepreneurs The study offers practical advice for business owners
“Canadian entrepreneurs are looking to the future and showing ingenuity in adapting to the challenges of our new business environment,” says BDC vice president, research and chief economist Pierre Cléroux,. “Our findings show that adopting business practices that consider new consum-
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who are relaunching their business and finds entrepreneurs are adapting to the health crisis with the following five priorities in mind: 1. Putting finances in order (39%) by reducing operating costs, controlling cash flow and setting up a contingency plan; 2. Taking advantage of technology (27%) to stay competitive; 3. Focusing on telework (25%) to allow physical distancing, but also to respond to employee requests. According to research by marketing and polling firm Léger, 80% of workers who have worked remotely during the lockdown plan to continue practicing it; 4. Selling online (24%) and focusing on several areas, such as website improvement, social media activity and targeted promotional campaigns; 5. Reviving growth (23%) by diversifying clientele and offering to ensure businesses stay robust. Moreover, entrepreneurs who are confident they will weather the crisis plan to change their supply chains (11%), whereas 10% of SME executives say the COVID crisis has caused them to increase the number of their local suppliers.
A new business environment The pandemic has changed Canadians’ habits: - 83% are willing to pay more for local products; - 56% of consumers have made more online purchases since the start of the crisis; - 50% are concerned about the health impacts of the products they consider buying; and - 25% want to reduce personal consumption. Some business trends are new, while others have accelerated, such as increasing investments in technology. “While the situation remains uncertain, Canada’s entrepreneurs are in solution mode. Adapting to this new environment could be key for smaller businesses to prosper in years to come,” Cléroux adds. BDC’s study is based on literature published since the pandemic began in March, as well as interviews with academic, consulting and marketing research experts. The data presented were derived from two surveys conducted by BDC among 1,000 Canadian SME leaders and 2,000 consumers in May and June of 2020. The report is published as
part of this year’s edition of BDC Small Business Week™ (SBW) under the theme, “Forging the way forward”. Taking place from October 18 to 25, SBW is an annual celebration of entrepreneurship that BDC has organized for over 40 years. This year’s edition will recognize entrepreneurial resilience and innovation in the aftermath of the COVID-19 pandemic and ensuing lockdowns. Stepping up for Canadian entrepreneurs facing COVID-19 challenges BDC was among the first organizations to deploy additional measures to support entrepreneurs through the current health crisis, providing more access to capital, including working capital loans, flexible terms and payment postponements, bridge financing for venture-backed companies and several tools deployed by the Advisory Services team. The investments BDC has been making over the past few years in digital solutions were a key factor in helping the bank respond to a high volume of financing requests with additional speed. For information on available BDC support, visit bdc. ca\coronavirus.
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OCTOBER 15, 2020 | THE WELLINGTON ADVERTISER | 19
Ontario continues to support restaurants during COVID-19 pandemic ETOBICOKE — The Ontario government is encouraging everyone to support local restaurants and the food services industry during COVID-19. Last week, the province introduced additional targeted public health measures in Toronto, Ottawa and Peel Region in consultation with the Chief Medical Officer of Health and other health experts to help slow the spread of the virus. Over the next 28 days, indoor food and drink service at restaurants, bars and other food and drink establishments in these regions will be prohibited, but they may continue to offer takeout, delivery and outdoor dining. On Oct. 13, Premier Doug Ford, Christine Elliot, Deputy Premier and Minister of Health, and Prabmeet Sarkaria, Associate Minister of Small Business and Red Tape Reduction, were at Mamma Martino’s Restaurant in Etobicoke to highlight government support for the industry. “Families and entrepreneurs across Ontario have poured their hearts into local restaurants and diners. They’ve been there for us, from donating to charities to sponsoring little league sports,” said Ford. “To support them during these tough times, our gov-
ernment is making millions available to provide relief for fixed costs. I’m also calling on everyone in Ontario to rally around our small businesses by ordering takeout or delivery. Together, we can make a huge difference.” To provide relief for local restaurants and other businesses impacted by the new public health measures, Ontario announced $300 million to help offset fixed costs, including property taxes, hydro and natural gas bills. The government is also supporting small business through its Main Street Recovery Plan by: - committing to permanently allow licensed restaurants and bars to include alcohol with food as part of a takeout or delivery order before the existing regulation expires; - permanently allowing 24/7 deliveries to restaurants; - supporting the distribution of local food and food products by increasing the range of products sold at the Ontario Food Terminal; - ending outdated and duplicative rules so businesses can focus on their work; modernizing regulations to allow businesses to innovate and meet the challenges of today; - providing mental health supports to business owners and employees who are
struggling; - providing $57 million with federal partners through the Digital Main Street program and creating new Digital Main Street squads to help small businesses grow online; and - launching a new portal to assist small businesses to quickly find the supports and information they need. “Small businesses account for 98 per cent of all businesses across the province and employ close to 2.4 million hardworking Ontarians. That’s why their recovery, including those in the food service sector, is so critical to Ontario’s recovery,” said Minister Sarkaria. “During the good times, our restaurants have given us a place to gather as family and friends — to build memories. We must continue to show them what they mean to our communities. All Ontarians can support their local businesses by celebrating #TakeoutDay — today, tomorrow, and any day of the week.” In consultation with the Chief Medical Officer of Health and other health experts, the Ontario government took additional targeted public health measures in the Ottawa, Peel and Toronto public health unit regions. These modified Stage 2 restrictions will be in effect for a minimum of 28 days
and reviewed on an ongoing basis. Ontario’s new Main Street Recovery Plan builds on more than $10 billion in urgent relief and support provided through Ontario’s Action Plan: Responding to COVID-19. The Ontario government cut the small business Corporate Income Tax rate by 8.7%, starting on January 1, 2020. This delivers up to $1,500 in annual savings to Ontario’s small businesses. In April 2020, Ontario partnered with the federal government to deliver the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses, making more than $900 million available in urgent commercial rent relief for Ontario small businesses and their landlords. On October 9, 2020, the federal government announced plans to replace the CECRA for small businesses, which ended on Sept. 30 with a new rent subsidy, the Canada Emergency Rent Subsidy (CERS). CERS is expected to provide rent and mortgage support until June 2021 for qualifying small businesses and organizations affected by COVID-19. Ontario made 50 temporary regulatory changes to help businesses adapt and is looking at removing 400 additional roadblocks.
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