{"id":636,"date":"2021-04-22T16:31:37","date_gmt":"2021-04-22T16:31:37","guid":{"rendered":"https:\/\/edpwinnipeg.com\/?post_type=news&#038;p=636"},"modified":"2021-04-22T16:49:54","modified_gmt":"2021-04-22T16:49:54","slug":"businesses-women-entrepreneurs-heavily-featured-in-2021-federal-budget","status":"publish","type":"news","link":"https:\/\/edpwinnipeg.com\/?news=businesses-women-entrepreneurs-heavily-featured-in-2021-federal-budget","title":{"rendered":"Businesses, entrepreneurs heavily featured in 2021 federal budget"},"content":{"rendered":"\n<p>The federal government announced its 2021 budget this week, with two key areas of focus being business supports and entrepreneurship. <\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\">Supporting Underrepresented Entrepreneurs <\/h2>\n\n\n\n<p>In total, the government says it will invest in $146.9 million over four years to provide women entrepreneurs with greater financing, mentorship, and training. <\/p>\n\n\n\n<p>Part of this funding will further support the Women Entrepreneurship Ecosystem Fund and the Women Entrepreneurship Knowledge Hub. <\/p>\n\n\n\n<p>Additionally, the government says it will work with financial institutions to develop a voluntary code to help support the inclusion of women and other underrepresented entrepreneurs as clients in the financial sector.<\/p>\n\n\n\n<p>To read more about the supports for women entrepreneurs and entrepreneurs in other underrepresented groups, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2021\/04\/budget-2021-supporting-women.html\" target=\"_blank\">click here.<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Federal Budget 2021 | CBC News special\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/dCp9zE3MkNE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><figcaption>Video: CBC News<\/figcaption><\/figure>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Business Supports<\/h2>\n\n\n\n<p>The summary of business-related supports in the budget includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Extending the Canada Emergency Wage Subsidy and  Canada Emergency Rent Subsidy &#8211; which helps businesses hit hard by COVID-19 pay their employees and rent.<\/li><li>Extending the Canada Emergency Business Account &#8211; which provides interest-free, partially forgivable loans to small businesses, and forgives up to a third of businesses loans if repaid by December 31, 2022. <\/li><li>Launching the Regional Relief and Recovery Fund and Indigenous Business Initiatives &#8211; which aims to help Indigenous and rural businesses access the Canada Emergency Business Account.<\/li><li>Introducing the Canada Recovery Hiring Program &#8211; which will help struggling businesses hire or keep employees.<\/li><li>Making micro-grants available to help businesses and employees adapt to new technologies.<\/li><li>Enhancing the Canadian Small Business Financing Program by expanding loan class eligibility, increasing the maximum loan amount from $350,000 to $500,000, expanding borrower eligibility to include non-profits and charities, and introducing a new line of credit product to help with liquidity or to cover short term needs.<\/li><li>Lowering the cost of doing business by reducing credit card transaction fees.<\/li><li>Removing barriers to internal trade.<\/li><li>Providing aid to regional business relief agencies. <\/li><\/ul>\n\n\n\n<p>You can <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2021\/04\/budget-2021-support-for-small-business.html\" target=\"_blank\" rel=\"noreferrer noopener\">read more about the specifics of these programs here.<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>More information about the entire 2021 federal budget can be found <a rel=\"noreferrer noopener\" href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2021\/04\/budget-2021-a-recovery-plan-for-jobs-growth-and-resilience.html\" target=\"_blank\">on the Government of Canada&#8217;s website.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government announced its 2021 budget this week, with two key areas of focus being business supports and entrepreneurship.<\/p>\n","protected":false},"author":2,"featured_media":635,"comment_status":"closed","ping_status":"closed","template":"","tags":[],"news-category":[5,4,6],"class_list":["post-636","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-covid-19","news-category-edp-winnipeg-news","news-category-entrepreneurs"],"yoast_head":"<!-- This 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