HOW WE ARE SUPPORTING OUR TENANTS AND CLIENTS
Our Leasing Team is available to take your calls!
We will continue to provide property management services to all of the Shindico managed properties and the repair/maintenance line of 204-928-8230 will continue to be monitored on a 24-hour basis.
This is an unprecedented moment in our lives, and we continue to be committed to the well-being of our tenants, clients, vendors, agents and staff during this difficult time. The challenging and dynamic issue has caused significant disruptions and we are working with our stakeholders to take precautions to protect the health and safety of everyone affected. Information on the current health crisis and resources available continues to evolve at a rapid pace. Please check this page regularly as we will post updates as they become available.
Last Updated: November 23, 2020
FINANCIAL RESOURCES AVAILABLE FOR TENANTS
The Government of Canada and Province of Manitoba have announced several initiatives to support businesses during this health crisis.
- The Highly Affected Sectors Credit Availability Program (HASCAP) launches on February 1, 2021. To be eligible for HASCAP, businesses need to show a year-over-year revenue decline of at least 50% in three months, within the eight months prior to their application. They must also be able to show their financial institutions that they have previously applied for either the Canada Emergency Wage Subsidy or the Canada Emergency Rent Subsidy.
- The new Canada Emergency Rent Subsidy (CERS) covers part of eligible expenses for businesses impacted by the pandemic. This includes rent, property taxes, insurance, and interest on mortgages, starting on September 27, 2020, until June 2021. The new rent subsidy provides funds directly to qualifying renters and property owners, without the participation of landlords. The CERS will provide support to eligible organizations until June 2021. Businesses can apply online for the CERS on the Government of Canada website.
- The Canada Emergency Wage Subsidy (CEWS) provides a wage subsidy to eligible employers until June 2021.There is a calculator for potential applicants available online to help navigate the program.
- The Dine-in Restaurant Relief Program provides $5-million to the Manitoba Chambers of Commerce to develop a program that provides financial relief to dine-in restaurants across Manitoba that have shifted to a delivery model as a result of moving to Critical (red) and subsequent public health orders.
- The new Manitoba Bridge Grant provides $5,000 in protection to businesses and organizations impacted by COVID-19 restrictions. The grant will provide an immediate one-time payment of $5,000 to small and medium-sized businesses, not-for-profit and charitable organizations that were directly ordered to temporarily cease operations or close their publicly accessible physical locations by Manitoba COVID-19 public-health orders in effect on November 12, 2020. This includes restaurants, bars, beverage rooms, brewpubs, microbreweries, distilleries, casinos, recreation and sport facilities, museums and galleries, theatres and concert halls, as well as organizations like charities, not-for-profits and faith-based organizations that have been adversely impacted. deadline for applications is December 15, 2020.
- The Canada Emergency Business Account provides interest-free, partially forgivable, loans of up to $40,000, to small businesses and not-for-profits, that have experienced diminished revenues due to COVID-19 but face ongoing non-deferrable costs, such as rent, utilities, insurance, taxes and wages. Business owners can apply for support until December 31, 2020 through their banks and credit unions.
- Through the Business Credit Availability Program (BCAP) Export Development Canada (EDC) is working with financial institutions to guarantee 80% of new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized enterprises.
- Through the Business Credit Availability Program, Business Development Canada (BDC) is working with financial institutions to co-lend term loans of up to $6.25 million to SMEs for their operational cash flow requirements. The program offers differing maximum finance amounts based on business revenues.
- The Regional Relief and Recovery Fund will provide over $1.5 billion in partially forgivable loans through Canada’s six regional development agencies for small and medium-sized businesses that aren’t eligible for other pandemic relief programs. Businesses can now apply for the program through their nearest regional development agency office. Interest-free loans of up to $40,000 will be one-quarter forgivable if the business meets repayment terms.
- Through the Business Credit Availability Program, the Business Development Canada's (BDC) Mid-Market Financing Program will provide commercial loans ranging between $12.5 million and $60 million to medium-sized businesses whose credit needs exceed what is already available through the Business Credit Availability Program and other measures. BDC anticipates that qualifying companies will have annual revenues in excess of approximately $100 million.
- Through the Business Credit Availability Program, EDC’s Mid-Market Guarantee and Financing Program will bring liquidity to companies who tend to have revenues of between $50 million to $300 million, to sustain operations during this uncertain period. EDC will continue to work with Canadian financial institutions to guarantee 75 % of new operating credit and cash-flow loans – ranging in size from $16.75 million to a maximum of $80 million. These expanded guarantees are available to exporters, international investors and businesses that sell their products or services within Canada. More details will be made available soon.
- The Large Employer Emergency Financing Facility (LEEFF) program will provide bridge financing to Canada’s largest employers whose needs during the pandemic are not being met through conventional financing in order to keep their operations going. The objective of the LEEFF is to help protect Canadian jobs and avoid bankruptcies of otherwise viable businesses where possible. Companies seeking support must demonstrate how they intend to preserve employment and maintain investment activities.
- increased credit available to farmers and the agri-food sector through Farm Credit Canada
For more information on Canada's COVID-19 economic response plan, please visit the Government of Canada's website.
Buylocal.ly provides a place where business owners can let people know if they are still open and what they are doing differently during these difficult times (reduced hours, now offering pickup or delivery, etc.). Add your business now!
Province expands back to work wage subsidy program
As part of #RestartMB, Manitoba’s roadmap to recovery, the Manitoba government is expanding its ‘Back to Work’ wage subsidy program and providing additional financial support for businesses to bring more Manitobans back to work. The enhanced Back to Work program will reimburse 50 per cent of wage costs (up to $5,000) per employee hired or re-hired between July 16 and Oct. 31, 2020, for up to 20 new workers to a maximum of $100,000 per business, not for profit or charity. The application deadline is Oct. 1, with a deadline to submit proof of wages of Jan. 4, 2021. Businesses can apply for the wage subsidy starting July 16 at noon at https://manitoba.ca/covid19/business/btwmp.html. For more information, please visit the Manitoba Economic Support Centre.
B2B Manitoba Will Assist Businesses with Reopening and Economic Recovery
The Manitoba government has partnered with the Canadian Manufacturers and Exporters, the Manitoba and Winnipeg Chambers of Commerce, and North Forge Technology Exchange to support the development and launch of an online marketplace to connect Manitoba businesses with non-medical grade personal protective equipment (PPE) and other materials needed for businesses to operate. Please visit the online marketplace at B2BManitoba.ca.
HOW WE ARE SUPPORTING OUR EMPLOYEES
We are closely monitoring advice from the Canada’s Public Health Services, the World Health Organization and provincial authorities and providing regular updates to all our employees. We have asked all employees to cooperate in taking steps to reduce the transmission of communicable diseases in the workplace. Recommendations include:
- Avoiding non-essential travel
- Wash your hands frequently with warm, soapy water for at least 20 seconds. (Run through happy birthday twice)
- Cover your mouth with tissues whenever you sneeze, and discard used tissues in the trash immediately.
- Stay home when you are sick and seeking medical attention as needed.
- Avoid people who are sick with respiratory symptoms.
- Clean frequently touched surfaces at least daily.
- Avoid large groups (concerts, sporting events)
We have asked our employees to work from home where possible and only come into the office when necessary. Employees are encouraged to use video and telephone conferencing instead of face-to-face meetings as much as possible during this outbreak.
Specific information on COVID-19, including updates, travel advice, being prepared and symptoms and treatment is available on the Government of Canada website.
We hope that we can help you to feel at ease during this unique time. Please reach out with any questions and stay well.
We will get through this difficult time together. Stay safe everyone.