Get a Boost with Manitoba’s $5,000 Small Business Grant: Here’s How to Apply

Manitoba residents who own a small business are in luck. The government offers a $5,000 grant to help startups and established businesses get back on their feet. Amidst COVID-19 hardships, economic relief programs like these offer entrepreneurs a chance to recoup some losses and launch their business towards success. In this article, we will take a closer look at how to apply for Manitoba’s Small Business Grant and what to expect from the application process.

First things first, who can apply for Manitoba’s Small Business Grant? The grant is primarily intended for small businesses in Manitoba that:

– Have less than $10 million in annual revenue
– Have been affected by COVID-19
– Can confirm to have staffing levels of less than 100 employees
– Low overhead costs
– Have had difficulty in accessing liquidity or assistance from other government relief programs

The Small Business Grant program also aims to support companies based on their industry and may opt to give preference to businesses operating in identified sectors like tourism, hospitality, and retail.

Once you know if you are eligible for the program, the next step is to complete the application process. Manitoba’s Small Business Grant application process involves three primary steps:

1. Complete the eligibility pre-screening questionnaire. You will answer questions about your business, how you have been impacted by COVID-19, your industry, and other relevant topics. Based on your responses, the questionnaire will determine if you can proceed to the next step.

2. Prepare and submit your full application. If you pass the eligibility pre-screening questionnaire, you must submit a complete application form that includes details about your business, its operations, and other relevant financial information.

3. Wait for notification of funding eligibility. Once you have submitted your application, the government will review it and based on eligibility criteria and availability of funds, you will be informed if you qualify for the grant.

If you are successful in securing the grant, there are a few requirements that you must follow to maintain its status. You must agree to maintain your staffing levels for at least nine months following your grant approval and complete a post-project report after you have used the funds.

The Small Business Grant aims to provide assistance for eligible businesses to overcome COVID-19 hardships. If your business has struggled due to pandemic-induced economic conditions, this grant will provide funding opportunities and is worth pursuing.

In conclusion, Manitoba’s Small Business Grant is an excellent program designed to help small business owners get back on their feet. If you are eligible, it is a valuable opportunity to apply for funding and inject much-needed cash flow into your business. Follow the process outlined above and ensure you meet the requirements before applying. We hope this article has provided useful information on how to apply for Manitoba’s Small Business Grant and what to expect throughout the process.