Beth Potter, CEO and President of the Tourism Industry Association of Ontario (TIAO) has responded to the announcements of Prime Minister Justin Trudeau.
Beth Potter responded:
“The measures announced by the Prime Minister this afternoon are in line with what TIAO has been campaigning for since the COVID-19 crisis escalated.
A significant rise in the proposed payroll support and access to credit is exactly what our members have asked for and the Federal Government have listened to our requests.
The tourism industry in Ontario is the backbone of our local economy, with small and medium businesses employing over 400,000 people in every corner of the province.
Many are small family businesses representing the entire income of a family; in rural towns these businesses are the staple of the local economy and across the province new tourism businesses having be driving economic growth and expansion.
Many of these businesses had already closed, laid off their staff or feared they couldn’t make their payroll in the coming weeks.
The 75% wage subsidy backdated to March 15 will help businesses to retain and rehire staff and the business loans and deferral of GST and HST payments will be a major help in improving cash flow and crisis management.
There is much more to do and we will be delving into the detail to ensure that no one is left behind. However, after weeks of uncertainly this is a major step forward in ensuring our industry survives these unprecedented times and we welcome the federal government’s willingness to listen to those on the front-line and act accordingly.”