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Chamber Encouraged by CEWS Extension to Aid Business Recovery

FOR IMMEDIATE RELEASE

 

Chamber Encouraged by CEWS Extension to Aid Business Recovery

 

SASKATOON, SK – May 8, 2020 – The Greater Saskatoon Chamber of Commerce applauds today’s announcement that the federal government will be extending the Canada Emergency Wage Subsidy (CEWS) program, which was set to expire on June 6. This action is in direct correlation to what we have been hearing from our members and heard across the country – small businesses are worried that supports will run out before they will be able to re-open their doors.

 

As Saskatchewan is methodically moving through the Re-Open Saskatchewan Plan, the CEWS program will become an important part of this recovery. The extension of the program past the original June 6th date allows firms to rehire staff as revenues will be squeezed thin over the next several months.

 

“Many concerns and questions had been raised regarding the federal aid packages set to expire next month, given the gradual phase-in approach our business community faces” said Silvia Martini, Greater Saskatoon Chamber of Commerce Interim CEO.  “We are encouraged to see the extension announcement made today, as businesses slowly move to more “regular” operations. Funding and assistance from the government is crucial and immensely appreciated to make this transition.”

 

The Greater Saskatoon Chamber of Commerce will continue to work with our government partners to address other recommendations for support programs as we move into the next phases of recovery.

 

see the original document here: 2020_05_08_CWES Extension

 

For more information contact:

Margot Orr

Director of Policy and Government Relations

Greater Saskatoon Chamber of Commerce

306-664-0731/advocacy@saskatoonchamber.com