Applications Open for Strong Recovery Adaptation Rebate
Following the December 7, 2020 introduction of the Strong Recovery Adaptation Rebate (SRAR), the Government of Saskatchewan announced today that applications for the program are now open and will be accepted through to March 31, 2021.
“Small businesses are critical to our economy in Saskatchewan,” Trade and Export Development Minister Jeremy Harrison said. “While many small businesses have been adversely impacted by the global COVID-19 pandemic, they have also been incredibly innovative in adapting their operations to protect public health and reduce the spread of the virus. Our government will continue to support the small business community as we work towards economic recovery, and this Strong Recovery Adaptation Rebate is one more tool to support them.”
This rebate program will assist small businesses by reimbursing the incremental investments they have made to adapt their business models as a result of the COVID-19 pandemic. Adaptations could include changing the use of square footage, installing physical infrastructure to comply with COVID-19 mitigation guidelines, and upgrading technology such as websites to enhance an e-commerce platform for their business.
The SRAR is available to Saskatchewan businesses that employ less than 100 people, plan to continue operating, and have experienced at least a 30 per cent revenue decline compared to 2019. Eligible applicants will receive a reimbursement of 50 per cent of eligible expenditures up to a maximum of $5,000 for a $10,000 expenditure. Business adaptation expenditures must have been spent between April 1, 2020, and February 28, 2021, and total a minimum of $300 to qualify.
For more information and to apply, please contact [email protected], 1-844-800-8688, or visit www.saskatchewan.ca/strong-recovery-adaptation-rebate. The application deadline is March 31, 2021.