Establish a Large Employer Emergency Financing Facility (LEEFF) to provide bridge financing to Canada’s largest employers
Use key guiding principles in providing support through the LEEFF
Protection of taxpayers and workers: Companies seeking support must demonstrate how they intend to preserve employment and maintain investment activities
Fairness: To ensure support across the Canadian economy, the financing is intended to be applicable to all eligible sectors in a consistent manner
Timeliness: To ensure timely support, the LEEFF program will apply a standard set of economic terms and conditions
Expand the Business Credit Availability Program (BCAP) to mid-sized companies with larger financing needs. Support for mid-market businesses will include loans of up to $60 million per company, and guarantees of up to $80 million
Continue to provide financing to businesses through Farm Credit Canada, the BDC, and EDC, including through the Canada Account
Newfoundland:
Effective May 11, 2020, Newfoundland will enter Alert Level 4 – this alert permits the gradual resumption of some activities and business operations
Professional services, such as accounting firms, law firms, and financial services, can offer in-person services, provided the principles of physical distancing and hand hygiene can be maintained. Work from home policies are encouraged, where possible.
In-person worker and workplace safety training are permitted as long as physical distancing and hand hygiene measures can be maintained. This includes Standard First Aid Training, Basic Safety Training, and Food Safety Training.
Animal daycare centres can open.
Garden centres can open for in-person sales and service. Landscaping and lawn care services can also resume.
Retail stores that do not offer essential services remain closed to in-person service during Alert Level 4. These retail stores can offer online or telephone sales with delivery or curbside pick-up options.
Bars and lounges remain closed, as do cinemas.
Personal service establishments including spas, esthetic services, hair salons, body piercing and tattooing salons, and tanning salons remain closed during this level.
In-person dining in restaurants also remains closed. Take-out, delivery and drive-thru options are still permitted.
A Business Response Team is in place to support businesses as they prepare to re-open. Businesses who have questions can email covid19info@gov.nl.ca or call 1-833-771-0696
Business owners should use these guidelines to develop reopening plans that work for their business and protect workers, customers and the general public as the province prepares for the gradual reopening of the economy
