Temporary Layoffs Extended to 180 Days
After ongoing dialogue with government over the past several weeks, the maximum length of temporary layoffs has been extended from 120 to 180 days. The bill received royal assent on June 26. This is great news for hotels that cannot yet bring back all their staff, and were facing significant costs for termination pay.
New Grant Offers Relief to Small- and Medium-Sized Businesses
The Small and Medium Enterprise Relaunch Grant offers up to $5,000 in financial assistance to Alberta businesses that faced restrictions or closures from public health orders, and experienced a revenue loss of at least 50% because of the COVID-19 pandemic.
The government has earmarked $200 million for this grant for all sectors, so we encourage Alberta hotels to apply as soon as possible to ensure they are able to benefit from the funding.