In light of current COVID-19 restrictions, the Canadian Federation of Independent Business (CFIB) reports that 67 per cent of business owners have been forced to collect debt in the absence of adequate government supports for businesses.
After being included in funding initiatives under the previous government, many business communities feel neglected by the current Sector Impact Support Program. Two months after the program was introduced, business owners and employees continue to feel dismissed by the Houston government.
“We know restrictions are necessary to combat the spread of the virus, but it is critical that we support the entrepreneurs and workers who are bearing the brunt of this,” says Liberal Leader Iain Rankin. “As restrictions ease, businesses will no doubt benefit, but it will not make up for two months of a loss in income.”
According to the CFIB, two out of three businesses are below normal revenues due to the pandemic. With these statistics, the need for inclusive business supports has never been so critical.
“Many businesses are uncertain for their future because this government has not provided adequate support,” says Rankin. “Nova Scotians need to know – does the Houston government have an economic recovery plan?”