Money for small businesses:
The city has distributed only one third of the money it put aside to help small businesses get through the pandemic, because many have not even applied. Businesses seem to be weathering the downturn more effectively than had been feared.
mare 10:36 on 2020-08-14 Permalink
A little birdie told me business don’t like this kind of support (in his case support for the closure of St-Hubert) because they basically have to hand their complete books over to the city. Even if their books a squeaky clean, they often don’t want to give the city all that information because they think it’s private and also fear it will bite them in the ass later. Often it’s also part in the form of loans, and they don’t want to add more debt.
But maybe the federal programs to support businesses during the pandemic are enough, and they don’t need it to survive?
Ian 17:01 on 2020-08-14 Permalink
That’s definitely true of bars & restaurants. Bars weren’t allowed to apply for relief from the feds, though which seemed weird to me. Are they eligible from the city?