|
|
Education is key to success.
Support the CFA’s education efforts by making a donation
|
|
|
|
|
|
Still sending cheques? Managing cash flows during this time can be challenging, and sending paper cheques remains the more expensive and time-consuming method of making payments. Ascendant is extending the offer to CFA members to access their software with zero onboarding fees, allowing you to use their platform to seamlessly and safely collect banking data from your clients and manage your cash flows more efficiently.
|
|
|
|
CBRN Small Business Relief Fund: Applications Close Friday
The CBRN Small Business Relief Fund will help 62 small Canadian businesses recover and support their resilience, for a total of $620,000 in funds. Businesses can use the $10,000 grants to support their recovery efforts, including paying salaries, retrofitting their workplaces and acquiring technology to adapt their business models. Applications close at 8:00 p.m. ET on Friday, June 12.
|
|
|
|
|
$57 Million Investment in Digital Main Street Will Help Businesses Reopen, Recover and Grow
The Ontario government, in partnership with the federal government, launched a $57-million program through the Digital Main Street platform to help up to 22,900 Ontario businesses create and enhance their online presence and generate jobs for more than 1,400 students.
Businesses will be able to take advantage of three new programs to support their digital transformation:
- shopHERE powered by Google will leverage Ontario's strengths by hiring highly skilled and trained students to build and support the launch of online stores for businesses that previously did not have the capacity to do so themselves. The core goal will be to help small businesses compete and grow, in a world that is increasingly online, and help them recover as quickly as possible following COVID-19.
- Digital Main Street Grant will help main street small businesses be digitally more effective. Through a $2,500 grant administered by the Ontario BIA Association, small businesses will be able to adopt new technologies and embrace digital marketing. Municipalities, Chambers of Commerce, and Business Improvement Areas (BIAs) can apply for a Digital Service Squad grant, which will allow them to establish teams to provide personalized, one-on-one support.
- Future-Proofing Main Street will provide specialized and in-depth digital transformation services and support that helps existing main-street firms adapt to changes in their sector and thrive in the new economy. By leveraging teams of digital marketing professionals and talented students, these firms will be able to create new online business models, develop and implement digital and e-commerce marketing strategies, and maximize digital tools, platforms and content.
In addition, the Recovery Activation Program, operated through the Toronto Region Board of Trade, will help businesses grow and digitize their operations with custom consulting sessions, online resource sharing, learning webcasts and business planning. As a result of the investment announced today, the program will be offered province-wide and at no cost to businesses.
|
|
|
|
|
Ottawa commits $133M in further aid for Indigenous businesses
PM Trudeau announced an additional $133 million in funding today to help Indigenous businesses suffering the economic effects of the COVID-19 pandemic. About $117 million of this investment will help small and community owned businesses get through the pandemic, while $16 million is being allocated specifically for Indigenous businesses in the tourism industry.
|
|
|
|
|
|
GetintheLoop is helping CFA members on the road to recovery!
We are hoping that we can contribute to getting your brand back to driving significant revenue. To help on the road to recovery, we are offering CFA members to join the platform for no cost, with no. obligation, for 3 months.
|
|
|
|
Nova Scotia: Small Business Reopening and Support Grant
The Small Business Reopening and Support Grant provides funding for small businesses, non-profits, charities and social enterprises that were ordered to close or greatly reduce operations because of the Public Health Order or were greatly impacted by orders to stay home. The program helps small businesses affected by COVID-19 by providing a grant and a business continuity voucher for advice and services from a business consultant. Funding includes a:
- one-time grant of up to $5,000 to help your business safely reopen
- business continuity voucher of up to $1,500 for advice and services to help your business adapt to and become more resilient in a COVID-19 world
The grant is intended to help businesses reopen and adapt to COVID-19, not to replace lost revenues.
|
|
|
|
|
Toronto to make face coverings mandatory on public transit
Toronto plans to make face coverings mandatory on its public transit system, a rule that could go into effect starting July 2. "As the restart and reopening begins, we know that more people will be back on the TTC … at the same time, physical distancing will become a greater and greater challenge," Mayor John Tory said. The Toronto Transit Commission board will need to approve the recommendation at its meeting next week, though TTC CEO Rick Leary has already said he supports the plan.
|
|
|
|
|
PEI premier touts prospect of Atlantic bubble, NS hesitant
Prince Edward Island Premier Dennis King said Wednesday evening after discussions with other Atlantic premiers that people should be able to travel within the four provinces sometime in early July. But on Thursday, Nova Scotia Premier Stephen McNeil said he is reluctant to commit to a date for establishing a travel bubble.
The Atlantic bubble has been discussed for some time now. The premiers say they want to provide safe and efficient travel in the region without the need to self-isolate, which would allow for tourism and family visits.
|
|
|
|
|
RBC Report: Five Ways to Help Small Business
The small enterprises that are crucial to the Canadian economy – representing 42% of GDP and 48% of new jobs – are also those at greatest danger in this unique recession. Small firms have recorded almost double the rate of job losses as mid-sized and large firms. Accommodation and food services; arts and entertainment; non-essential retail; mining and oil & gas services; commercial real estate leasing—are most vulnerable; potentially affecting 1.2 million workers.
RBC expects GDP in some of our hardest-hit sectors to remain around 25-50% below February levels at the end of the year, even as the recovery takes hold.
The report lays out RBC’s views on a five-part plan to help Canadian small businesses thrive post-pandemic.
- Streamline relief programs.
- Invest in capacity for safe reopening. Provincial governments should consider investing in broad-based programs to help employers restart their businesses.
- Build digital networks so that recovery plans need incorporate a digital strategy
- Set new economic strategies to help scale.
- Create a more strategic approach to globalization.
|
|
|
|
|
Air Transat plans to resume flying on July 23
Montreal-based airline Air Transat is planning to start flying again on July 23, after a hiatus of almost four months because of COVID-19. The airline says it is planning to slowly return to normal, offering flights to 23 destinations across Europe, the Caribbean, the U.S. and Canada starting on that date.
|
|
|
|
|
|
|
DO YOU HAVE A COVID-19 MARKETING RECOVERY PLAN?
The COVID-19 pandemic has impacted companies and consumers around the world. 85% of Canadians say that their shopping behaviour has been impacted by the pandemic, with 45% of people saying that they are making online purchases for things that they would normally buy in-store.
Consumer buying habits have shifted dramatically. Have you shifted your marketing approach to match? As the economy starts to recover, do you have a plan on how you will attract new prospective franchisees into your system or customers to your stores?
As an exclusive offer for CFA members only, the Reshift Media team is offering a FREE 15 MINUTE CONSULTATION to discuss your company’s COVID-19 marketing plan.
We only have 10 spots available, so please contact Kirk Allen at 416-616-3046 or email him at kirk@reshiftmedia.com to reserve a spot.
|
|
|
|
|
|
UPCOMING WEBINAR
|
|
JUNE 12, 2020
AT 2:00 PM ET
How to Avoid Burnout while Working from Home
50 CFE PARTICIPATION CREDITS
|
|
SPEAKER: Steve Collette, 3rd Degree Training
Running a business is certainly not a small task: it takes grit, focus and much of our time and mind space. Join Steve Collette on this webinar and get the information and motivation you need to avoid " Work from Home Burnout!".
|
|
|
|
|
ARTICLE OF INTEREST FROM CFA MEMBERS
CASSELS BROCK & BLACKWELL LLP
|
|
|
|
|
Feedback from our Members
|
|
“I think the CFA team is doing a great job on communication with respect to Coronavirus. Much appreciated – and admired. Keep up the great work!”
- Stephen Schober, President and CEO, Metal Supermarkets Family of Companies
|
|
|
|
COVID-19's impact on the world is creating waves across all sectors and industries.
Every member of the CFA community is dealing with an issue that is affecting the world, our industries, our communities, our businesses, and our people.
We would like to hear from you if you have any topics, issues or questions to navigate turbulent times in order to support you further:
|
|
|
|
Subscribed to the Daily Update
If you would like to subscribe all your franchisees to receive our Daily Update, please contact Alex Mann at amann@cfa.ca.
|
|
|
|
|
|
