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federal government announces two new funds

The Federal Government announces the Tourism Relief Fund and Jobs and Growth Fund.

The Federal Government recently announced two new funds to aid in the pandemic: The Tourism Relief Fund and Job and Growth Fund.

Tourism Relief Fund : $485 million directly to tourism businesses and organizations to help them adapt their operations to meet public health requirements while investing in products and services to facilitate future growth. More information

Jobs and Growth Fund: $700 million to support a regional response and stimulate economic recovery following the COVID-19 crisis by investing in projects that will help to create jobs over the next three years and beyond. This includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria. By investing in job creators, the fund will help them to future-proof, build resiliency and position businesses for a strong recovery by adopting clean technology, increasing diversity, implementing new digital technologies and strengthening capacity in critical sectors. More information