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

  • City staff delivered a presentation to the Toronto Accessibility Advisory Committee about accessibility in the City’s Digital Infrastructure Plan
  • The Toronto Black Food Sovereignty Plan report responds to the need for immediate and comprehensive action to address the problem of food insecurity experienced by many Black Torontonians
  • 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 Province announced its support of more than $252,000 towards a PPE-testing project led by Kinectrics Inc
  • The Government of Canada Economic Response Plan includes supports for individuals and businesses
  • The Province 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’s Reconnect Festival and Event Program provided early and vital support for ShowLoveTO recovery programming that will be launched in 2021
  • The City announced it will receive $18 million from FedDev Ontario to support Toronto’s Main Street Recovery and Rebuild program, in addition to $1 million from FedDev Ontario to support the ShowLoveTO campaign (July 2021)
  • The Government of Canada extended the Digital Main Street Initiative for southern Ontario, which was based on the work of the City of Toronto, the Toronto Association of Business Improvement Areas (TABIA) and other partners (August 2021)
  • Harbourfront Centre received $20 million from the Government of Canada for critical repairs (August 2021)
  • The governments of Canada, Ontario and the City of Toronto announced $2.9 million combined investment in the rehabilitation of the Historic Spadina Museum under the Community, Culture and Recreation Infrastructure stream of the Investing in Canada Infrastructure Program (August 2021)
  • The Province announced that Ontario’s Workplace Safety and Insurance Board (WSIB) is cutting premium rates in 2022 by $168 million to help employers cope with the impacts of COVID-19.  The Province also announced its intent to introduce legislation that, if passed, would allow for a significant portion of the WSIB’s current reserve, currently valued at $6.1 billion, to be distributed to safe employers (October 2021)
  • In October 2021, the Province introduced a “red tape bill” which includes legislative amendments that would enable authorized cannabis retailers to provide curbside pick-up and delivery services on a permanent basis (Schedule 2 of Bill 13, Supporting People and Businesses Act, 2021)