Last week, with the throne speech the federal government revealed the path it wishes to follow to lead the country through COVID-19 economic recovery.
“There are sectors of the economy that have been hard hit such as hospitality and the performing arts, so we were glad to hear supports coming to those industries,” said Stuart Harrison, President & CEO, Peterborough Chamber of Commerce. “We also think of broadband as critical infrastructure to people doing business so it was positive to see the acceleration of the Universal Broadband Fund.”
Here are a few more details:
The Ontario Chamber of Commerce (OCC) also echoed many of our initial sentiments including the desire to learn more details about the various programs for business and workforce.
OCC President & CEO Rocco Rossi released the following statement in reaction to the federal government’s Speech from the Throne.
"Businesses across the province have been hard hit by the pandemic. In the middle of a once-in-a-century pandemic, it is difficult for Canadians to look beyond confronting the immediate effects of COVID-19. However, even as we continue supporting each other today, we must also start planning how our communities and economy can emerge stronger.
We are not out of the woods yet, and must be careful when planning for new, permanent programs when we still have considerable uncertainty to navigate.
The OCC is also concerned that commercial rent assistance was noticeably absent from the speech, especially considering the established need for improvements to the Canada Emergency Commercial Rent Assistance program.
The speech indicates unprecedented spending from the federal government. We will need strong
economic growth to generate revenues to pay for these investments, as austerity measures and tax increases are not the paths to recovery. Instead, there should be a focus on funding the key determinants
of growth: education and training, R&D and innovation, and infrastructure (particularly broadband internet).”
And here is a portion of the release from the Canadian Chamber of Commerce President & CEO, Hon. Perrin Beatty, who also offered areas for improvement:
“What we need is more than a patchwork of disconnected initiatives. We must have a national strategy to manage and defeat the virus.
The government also has other opportunities to help businesses grow and hire. We had hoped for a pledge to:
Finally, the Canadian Chamber has significant concerns about the debt levels that Canadians will be burdened with for decades to come, without a plan as yet for how to pay for it. Making sure Canadians were supported during the pandemic was necessary and right, but we must move from an economy that is based on subsidies to one where families and businesses can be self-sufficient again and where we don’t burden future generations with a crushing debt load.
[The] speech was a beginning, but much more needs to be done to help the more than one million Canadians who lost their jobs get safely back to work. The most direct and efficient route to do so is to enable the only group that can create jobs: Canadian businesses.”
Next week chambers of commerce and boards of trade across Ontario will be gathering virtually to debate just under 50 policy resolutions.
In a world without COVID-19, this process would have happened in person in one of our fine Ontario
communities. As delegates to the Annual General Meeting we would have debated on the floor and taken our dollars into the community in a series of networking events.
This week of September is also usually the Canadian Chamber AGM, which will now happen virtually at the end of October.
Even though the policy debates are now online, this does not diminish the importance of the process or the discussion. In fact, through the lens of COVID-19 Economic Recovery, many of these resolutions gain in relevance and significance.
The Peterborough Chamber of Commerce is submitting three resolutions for consideration.
The first encourages more opportunities for the spirit sector of the alcohol and beverage industry. With many distilleries jumping up to make hand sanitizer we’ve gotten to know this industry on a deeper level and some of the barriers such as taxes, product placement in the LCBO, and distribution and sales
opportunities, that are holding these businesses back from achieving their full potential.
The second resolution asks the province to develop a mechanism that allows for multiple municipalities who have invested in a regionally significant project to account for jobs created when reporting to
government. The Peterborough Chamber of Commerce believes this change of view on reporting
requirements would encourage more regional collaboration, which in turn would be to the benefit of all communities involved. There are many collaborations that cross geographical boundaries in the conservation and transit authority space, but not many in the economic development space.
The third resolution is on data and building a data dashboard that Ontario businesses and residents can access. This dashboard would be able to merge and release data sets upon request for businesses and Ontarians. The idea is that residents and businesses can be even more informed in their decision making. From a business perspective we are opening ourselves up further to more ingenuity and entrepreneurship with access to more information in a timely and relevant format.
Other resolution topics to be debated and voted on include further planning on smart cities and digital
transformations, provincial procurement reform, resolving the provincial housing crisis to support economic growth, and improving the skilled trades in secondary schools.
Many of these resolutions are aimed at community betterment and ensuring businesses and
municipalities have the tools in place to ensure sustainable economic growth in Ontario’s urban and rural areas.
The COVID-19 crisis is having a disproportionate economic impact on women. There are several reasons for this. First, temporary business shutdowns and layoffs during the state of emergency most severely affected occupations and sectors that predominantly employ women. Second, these sectors are those in which women entrepreneurs are more likely to operate, and their businesses tend to be newer, smaller, and less well-financed than those owned by men. Third, restrictions on schools and paid child care facilities have shifted additional hours of unpaid family care onto parents, and this work has largely been taken up by mothers. Fourth, while women are dominating the frontline responses to the COVID pandemic, they have not been included in the planning for recovery.
The pandemic has also exacerbated existing inequality and has been especially challenging for certain groups of women, including racialized women, Indigenous women, single mothers, low-income women, immigrant women, women with disabilities, and those living in rural areas.
The long-term impacts of COVID-19 on women in the workforce remain unknown. However, with women’s labour force participation at a record low, decades of progress towards gender equality are at stake. The Ontario Chamber of Commerce (OCC) strongly believes this is not only a watershed moment for women but for Ontario’s economy and society more broadly, as women’s participation in the labour market is a precondition to its fulsome economic recovery and prosperity.
This brief lays out a path to Ontario’s “she-covery” by examining data on the gendered labour market impacts of the pandemic and offering policy solutions to confront both immediate and longer-term challenges. Throughout this, an intersectional lens is essential to ensure no women are left behind.
The critical findings include:
The title of our brief is inspired by Canadian economist Armine Yalnizyan, who said about the pandemic, “No recovery without a she-covery.”
Peterborough County Federation of Agriculture and Greater Peterborough Chamber of Commerce Announce 2020 Farm Family of the Year, to be Presented at Excellence Awards Event
PETERBOROUGH, ON: The Peterborough County Federation of Agriculture and the Greater Peterborough Chamber of Commerce are pleased to announce the Klompmaker family, of 1378 6TH Line Asphodel, Hastings as the 2020 Farm Family of the Year. This award recognizes a farm family that has demonstrated good farming practices, an interest in the farming community, and interest and participation by the family in its operation.
For 7 years, Chris & Angela Klompmaker have owned and operated their 89-acre broiler chicken farm, K & H Poultry LTD. Chris is a 4th generation chicken farmer and serves as a District Committee Representative for district 9 with the Chicken Farmers of Ontario (CFO). Angela also grew up heavily involved in agriculture, and when she’s not working as an RN, you can find her helping on the farm.
In 2015, the farm was certified organic by Pro-Cert Organics Systems LTD. The farm has also earned certifications for high animal welfare standards from Global Animal Partnership and the Chicken Farmers of Canada Animal Care Program, as well as for exceptional sanitation and food safety practices from the Ontario Farm Food Safety Assurance Program.
After upgrading each of the original 3 barns, the Klompmakers expanded and built a modern 24,000 square-foot barn, featuring a state-of-the-art computer system, as well as a high-volume heat exchanger to increase efficiency. The farm now produces 50,000 chickens every 8 weeks, and the family donates 700kg of fresh chicken to local food banks each year, through the CFO Cares Program.
The Klompmaker family expanded in August of 2019 as they welcomed their daughter, Isabella. The same year, they purchased a 200-acre farm to fulfill their dream of getting involved in field crops.
Congratulations to the Klompmaker family on being selected as Peterborough County’s 2020 Farm Family of the Year!
Since it is not possible to gather together for the Peterborough County Federation of Agriculture’s Annual Banquet, the award will be presented at the Peterborough Business Excellence Awards digital event on Wednesday, October 21st. The Chamber is proud to include this long-standing and prestigious award in the Excellence event.
The awards show can be viewed for free on the Peterborough Chamber of Commerce Facebook and YouTube pages, beginning at 7pm, or viewers can purchase a ticket to attend the Pre-Show Zoom Party and receive a swag bag featuring a $15 Gerti’s gift card, a donation to Showplace and more!
For event information, please visit www.excellencepeterborough.ca or contact Stuart Harrison.
For further information contact:
Peterborough County Federation of Agriculture
Phone: (705) 927-5677
Peterborough Chamber of Commerce
Phone: (705) 748-9771 x202
The Greater Peterborough Chamber of Commerce is a member-based organization. Our main focus is to channel the collective strength of the business community to improve the economy. This includes providing representation on numerous committees, conducting surveys, issuing discussion papers and developing policy positions on issues of significance to our members.
The federal government has recently announced updates on four major programs for businesses impacted by the COVID-19 pandemic.
1. Canada Emergency Business Account (CEBA)
This $55 billion program provides interest-free loans of up to $40,000 to small businesses and not-for-profits.
Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent (up to $10,000).
2. Canada Emergency Commercial Rent Assistance Program (CECRA)
This program provides relief for small businesses experiencing financial hardship due to COVID-19. It is a program that property owners and tenants must work together on to access the funds.
The government is saying this will be the final extension of the rent assistance program and has also indicated it will “explore options to support small businesses as they face ongoing challenges of the COVID-19 pandemic – including the challenges of fixed costs at a time when health concerns and
precautions prevent many businesses from operating at full capacity."
The Canadian Chamber of Commerce says, “Main street businesses need to know what comes next, and they need to know now, as patios close and foot traffic diminishes with cooler weather. Businesses need to know what help will be available to get them through this period of reduced revenues amid continued government restrictions.”
3. Business Credit Availability Program (BCAP)
Up to $12.5 million for your operational cash flow requirements, co-financed by BDC and your primary
financial institution. The focus is on commercial loans and flexible terms if required.
4. Canada Emergency Wage Subsidy (CEWS)
As a Canadian employer who has seen a drop in revenue due to COVID-19, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease you back into normal operations.
Thank you to all who participated in #CanadaUnited this past weekend. The Peterborough Chamber of Commerce has been proud to support the campaign and combine it with our #LoveLocalPtbo campaign.
Supporting local is the backbone of a recovery from the impacts of COVID-19.
Part of the campaign was to build a Small Business Relief Fund. Here are the details of the fund:
The Canada United Small Business Relief Fund is managed by the Ontario Chamber of Commerce on behalf of the national Chamber network in support of other chambers and partners to help small Canadian businesses with their recovery efforts as a result of COVID-19.
If awarded, a relief grant can be used for any of the following activities:
Eligibility criteria includes:
FAQs on the Canada United Small Business Relief Fund
Q: I am a franchisee can I apply to the program?
A: Yes, individual franchisee owners can apply.
Q: What counts as an eligible renovation?
A: Renovations are defined as any alterations, temporary or permanent, made to your business specifically to reduce the risk of customers or staff contracting the novel coronavirus, referred to as COVID-19. These can include:
Q: If I am a sole proprietor can I apply?
A: Yes, sole proprietorships are eligible to apply.
Applications are open.