Winnipeg Businesses Running on Empty, Considering Bankruptcy Despite Provincial Programs

As the code red lockdown continues past the holiday season, the pulse of Winnipeg small business is growing weak despite injections of government survival cash. Jonathan Alward, director of provincial affairs for the Manitoba branch of the Canadian Federation of Independent Business (CFIB) told the Winnipeg Sun on Tuesday that many Winnipeg small businesses are considering bankruptcy. He said the city’s COVID-19 Economic Support Grant Program, which offers a one-time $1,500 grant to small businesses that have been forced to close due to the lockdown, won’t be enough to resuscitate small businesses in terms of the high number of applicants and the finite amount of cash available. He said the second iteration of the Manitoba Bridge Grant, which provides $5,000 to businesses impacted by pandemic, hasn’t arrived for some businesses. Alward said even though government funds are helpful, many businesses are still facing a cash-flow crisis. Read more.

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