Ford says Ontario will make $300M accessible to companies affected by restrictions

Premier Doug Ford says the provincial authorities will probably be making $300 million accessible to assist companies that will probably be exhausting hit by the most recent restrictions being imposed to halt the unfold of COVID-19.

The province introduced Friday modified set of Stage Two restrictions are being imposed on Toronto, Peel Area and Ottawa Amid hovering COVID-19 an infection numbers.

The restrictions will put a cease to indoor eating, shut gyms, and impose stricter limits on indoor gatherings. The brand new restrictions will probably be in place for at the very least 28 days, at which level they are going to come beneath evaluate.

Talking with reporters Friday afternoon, Premier Doug Ford mentioned that he is aware of the restrictions will come at a excessive price for small companies.

“I do know what this may do to companies who’re already struggling,” Ford mentioned, vowing to proceed combating for small companies. “I have been combating for you since day one and I am going to proceed to struggle for you. I am going to do every little thing in my energy to assist you and we’ll always remember the sacrifices, you make.”

Ford mentioned he has directed Ontario Finance Minister Rod Phillips to make $300 million accessible to assist affected companies.

“This funding will help small companies with their mounted prices through the subsequent 28 days,” Ford mentioned.

The assistance will embody waiving provincial and municipal property tax payments, in addition to Hydro and pure fuel payments.

“This cash will probably be made accessible as quickly as attainable,” Ford mentioned, promising to launch extra particulars within the coming days.

Phillips mentioned he has spoken with the mayors of the affected areas about how the assistance may be trolled out.

“By way of property tax, I spoke to Mayor Watts and Mayor Tory and Mayor Brown as we speak concerning the mechanism to be sure that each the provincial and the municipal portion of the property tax may be rebated, and they’re on-side for working with us on that,”  Phillips mentioned. My colleague Minister Rickford, the Minister of Vitality, has additionally been engaged on plans on how power prices, whether or not they be pure fuel or hydro, may be both rebated or lined.”

Ford additionally mentioned he spoke final night time with Federal Finance Minister Chrystia Freeland and the 2 agreed on the necessity to assist companies affected by the closures.

“They (the federal authorities) perceive how severe the scenario is and the bundle of helps that they introduced earlier as we speak will make an enormous distinction,” he mentioned, referring to a Federal commitment Friday to extend rent support, wage subsidies and loans for struggling businesses.

Ford referred to as the choice to re-impose some Stage Two restrictions “the only hardest determination I’ve made since I’ve taken workplace, bar none” and urged individuals to do what they’ll to proceed to assist affected companies.

“I take this critically once we’re messing with individuals’s lives,” he mentioned. “However we are able to all assist out. We are able to all pitch in. We are able to have takeout, supply.”

Ford mentioned that whereas the shutdown measures will probably be tough, they’re needed in order that the virus doesn’t get out of hand.

“The entire world goes via this, and within the jurisdictions which have tried to skip over this, it is come again and bitten them within the bottom there,” Ford mentioned. “However we’ll get via this we’ll come out stronger than ever earlier than.”