Search User Login Menu
Tools
Close
Close

News Minnesota

News/Minnesota
Lake Superior News Minnesota Region. Duluth, Cook County, Lake County, St. Louis County, Carlton County, Itasca County, Koochiching County, Lake of the Woods County, Minnesota.

Latest News Minnesota

Soo Chamber of Commerce Calls for Additional SME Support for Border Communities

Soo Chamber of Commerce Calls for Additional SME Support for Border Communities

SAULT STE MARIE, ONTARIO  ~~~~~  November 26, 2020  (LSN)  Today, the Sault Ste. Marie Chamber of Commerce released a call for additional SME rent relief support for the border communities that have been hit hard by the border closure.  Emo, Fort Frances, Rainy River, Thunder Bay,  Ontario

“Businesses in border communities rely significantly on cross-border trade, movement of people, and related business opportunities,” says SSMCOC CEO Rory Ring. “Many of our local SMEs depend on revenue that is generated through tourism, outside dollars spent by American visitors and tourists.”  

“Typically, SMEs operate with a very small profit margin. Losing that business revenue is not sustainable in most cases. This is true for SMEs in most of the border communities. Due to the 8-month long border closure, several SMEs have suffered significant business reductions and losses,” Ring explains. 

The Sault Ste. Marie Chamber of Commerce has been in contact with other border-city Chambers of Commerce, as well as the Ontario and Canadian Chambers of Commerce for collaboration and backing on this initiative. To date, the response has been positive and encouragement for this additional support continues to spread in other border communities across the country.    

“Recent government support for businesses via rent relief directly to the tenants is a step in the right direction,” adds Michael Stone, President of the Sault Ste. Marie Chamber of Commerce. “In addition to the up to 65% rent subsidy, the government announced an additional 25% for businesses that have been hardest hit. Since the border closure has had a devastating effect on SMEs in the border region, we, along with our fellow border-community Chambers of Commerce, are urging the federal government to allow these Canadian businesses within a 100 km radius from a border crossing to claim the additional 25% rent subsidy. This will go a long way in supporting many of these SMEs that are on the brink of closing.”  

To date, this initiative has received support from the following Chambers: the Amherstburg Chamber of Commerce, the Chatham-Kent Chamber of Commerce, the Cornwall and Area Chamber of Commerce, the Leamington District Chamber of Commerce, the Sarnia Lambton Chamber of Commerce, the Windsor-Essex Regional Chamber of Commerce, and the Sault Ste. Marie Chamber of Commerce. 

#LSN_SSM  #LSN_Econ

 

About the Sault Ste. Marie Chamber of Commerce
Sault Ste Marie Chamber of Commerce The Sault Ste. Marie Chamber of Commerce represents the interests of 700 plus business and agencies in Sault Ste. Marie and has been serving the needs of this community since 1889. The Sault Ste. Marie Chamber of Commerce will lead the way as the voice of business, advancing economic prosperity for its membership and the business community. Learn more about the SSMCOC at www.ssmcoc.com

Categories: Economy
0Upvote 0Downvote
Rate this article:
No rating
Print

Banners

Follow LSN on Twitter

Minnesota Events

«January 2021»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
25262728293031
1234567

Upcoming events iCalendar export

News

1345678910Last

Banners

Copyright 2007 ~ 2021 Lake Superior Media.
Back To Top