Tourism Operators Accessing New Support Program
Tourism operators are accessing a new support program. In support of Stay Home Year 2020, there are several operators who have received support from the new $25 million Tourism and Hospitality Support Program.
To date, more than 630 approvals have been issued to assist eligible tourism and hospitality operators impacted by the COVID-19 pandemic.
The Tourism and Hospitality Support Program allows eligible tourism operators to apply for a one-time, non-repayable contribution of either $5,000 or $10,000, dependent on gross sales. In the event of applicants with less than $10,000 in annual sales in 2019, the contribution rate is calculated at 50 percent of total sales, or 50 percent of expenditures for new start-ups.
Through the Provincial Tourism Product Development Plan, the Provincial Government aims to increase the number of high quality, Newfoundland and Labrador tourism experiences.