In addition to supporting the immediate economic needs of residents and businesses, the COVID-19 pandemic has increased the City’s focus and attention on economic renewal and increasing broad-based economic participation. While economic outcomes are shared with other governments and sectors, the City has put significant attention into programs and advocacy that advance short and long-term objectives and that target the sectors and communities that have been most impacted. Examples of these efforts include:

Supports for Business

Policy Reports

The Economic and Culture Recovery Advisory Group’s report, Building Back Stronger was adopted by Council in December 2020

Search other reports to City Council for more information

  • The Economic and Culture Recovery Advisory Group’s report, Building Back Stronger , adopted by Council in December 2020, included anti-racism and inclusion as a priority action area
  • The City Manager’s Recovery update report  to City Council in March 2021 reported that investments totaling $1.2 million had been made towards Toronto’s Black arts and culture community and business sector to address the systemic economic, social and cultural exclusion facing Black communities in Toronto
  • The same report also highlighted the City’s advocacy for paid sick leave , lack of access to which disproportionally affects low-paid essential workers
  • City Council authorized the receipt of up to $4,000,000 in funds from Toronto Council Fire Native Cultural Centre for use towards the Nathan Phillips Square Indian Residential School Survivors Restoration of Identity Project

The Government of Canada Economic Response Plan includes supports for individuals and businesses

The Province of Ontario also has “Help for businesses in Ontario“ supports including:

  • Ontario Tourism and Travel Small Business Support Grant
  • Property Tax and energy cost rebates
  • Ontario Small Business Support Grant
  • Ontario’s Main Street Relief Grant
  • Paid infectious disease emergency leave

The Province of Ontario’s Reconnect Festival and Event Program provided early and vital support for ShowLoveTO recovery programming that will be launched in 2021