Business & Economic Support & Recovery

Image of farmer in field with laptop

Saddle Hills Economic Development Department has assembled information of use to Saddle Hills County businesses during and after the COVID-19 pandemic.

Economic Developers of Alberta lists six post-disaster challenges:

  1. Dealing with vulnerabilities we never knew we had.
  2. Overwhelming communication challenges.
  3. Difficulty assessing the impact on the economy.
  4. Maintaining mental health.
  5. Navigating government systems and programs.
  6. Looking after local businesses.

We are currently in the response and recover phase. Part of that response is that, in addition to protecting lives, property, and the environment it is also very important to protect the economy.

Short, medium, and long-term planning needs to be addressed simultaneously in the process of recovery.

Economic Development, Trade and Tourism Alberta, has shared that, since a provincial health emergency has been declared, additional funds - over $500 million - has been injected into the health care system, that job protection measures are in place for people required to self-isolate, and that we have a food demand issue in the province rather than a supply problem.

Western Economic Diversification, points to numerous programs recently announced by the federal government, including:

  1. $900/week for 15 weeks for people without access to paid sick leave, organized by CRA and starting in April.
  2. Emergency support benefits for those not eligible for Employment Insurance.
  3. A temporary increase of $300/month in the Canada child benefit amount.   
  4. Extending the personal tax filing deadline to June 1st and the payment deadline to July 31st.
  5. A 10 percent wage subsidy up to $1375/employee and $25,000 per organization.
  6. Funding for Alberta directed towards orphan well remediation.
  7. The option to defer mortgage payment for up to 6 months.
  8. Reduced interest rates for some Farm Credit Corporation and Community Futures loans.

Contact your financial institution to learn more about the Business Credit Availability Program and the emergency business loans managed by the Business Development Bank of Canada.

If you have any concerns regarding your business and the County please contact the County’s Economic Development Department at: econ@saddlehills.ab.ca.