Sponsoring Agency: City of Medicine Hat
Type of Fund: Grant
Deadline Available: Not Available
Deadline Date (mm/dd/yyyy):
Size of the Fund: Less than USD $50,000
The City of Medicine Hat is pleased to commence the application process for the fourth and final phase of the City of Medicine Hat Business Innovation Grant (MHBIG).
The $2M MHBIG was part of an $8.2M COVID relief package approved by City Council on May 4, 2020 to support businesses in coping with and recovering from the economic impacts of the pandemic. Local partners, Community Futures Entre-Corp are responsible for facilitating the fund on behalf of the City.
The impact of the COVID-19 pandemic has caused great difficulties and strain on the small business community. As a result, the City of Medicine Hat is collaborating with Community Futures Entre-Corp to make funds available to support local businesses through the Medicine Hat Business Innovation Grant (MHBIG).
The purpose of MHBIG is to encourage business innovation, maintain or enhance new revenue streams, and reduce barriers for businesses to remain open given increased costs associated with new COVID-19 workplace guidelines from the Government of Alberta.
Applicants must work with Community Futures Entre-Corp to ensure that grant applications are complete and that all required supporting documents are provided to confirm grant eligibility. Once an application is deemed complete it will be timestamped and eligibility determined by Community Futures Entre-Corp.
Grant Amount
$500 to $15,000
• A limit of $15,000 can be accessed by any one business.
• Due to limited funds, submissions will be processed in order of fully completed applications received.
Eligibility Criteria
The MHBIG provides funding support to businesses who have experienced a material adverse impact on their business operations on or after March 15, 2020 due to the COVID-19 pandemic.
Mandatory Requirements
In order to be eligible for MHBIG funding, all applicants must complete a Hazard Assessment of their business, conducted within 32 days prior to application date. If completed by an OH&S Certified Specialist, expense of up to $500 can be attached as receipt and be reimbursed.
What organizations are eligible?
Businesses:
• Established on or before January 1, 2021 which have been operating within the City of Medicine Hat;
• Operating with a valid business license issued by the City of Medicine Hat since January 1, 2021;
• With an annual gross revenue of less than five million dollars ($5,000,000);
• Employing not less than two (2) full time equivalents as of January 1, 2021; except if you are an owner/operator of a retail storefront or participant in the ShopHERE and/or ShopYXH program.
• That have a reasonable expectation of success and ongoing viability (must not be the subject of an insolvency event or more than 6 months in arrears with CRA).
• Professional Services.
More information at: https://www.medicinehat.ca/Home/Components/News/News/4763/30
