The COVID-19 pandemic has disproportionately impacted women entrepreneurs. It has severely affected sectors such as retail, hospitality and food services—sectors where women entrepreneurs are most present. On top of typically operating smaller businesses and having less access to capital, many women business owners also still bear a disproportionate share of domestic work, caregiving and childcare.
That’s why the Government of Canada have created several dedicated resources for women entrepreneurs during COVID-19.
The Government of Canada has announced an additional $15 million in funding to support women entrepreneurs through the WES. This money will go directly to select organizations that are currently WES Ecosystem Fund recipients and will help women entrepreneurs through the COVID-19 pandemic.
The Women’s Enterprise Centre is committed to supporting women-owned businesses through the COVID-19 crisis. They have created several invaluable resources to help achieve this aim, including free one-on-one appointments with a business advisor where WEC’s business advisory team is available to discuss your situation, review your cash flow and generate ideas for how you can navigate this difficult time.
WEC will also share new developments in the supports available to women business owners, answer questions and share inspiration and ideas for moving forward. This includes offering free webinars, including:
- Women Entrepreneurs: Strength in Numbers
- Negotiate Naturally: Tips for Women Entrepreneurs
- Financial Fitness Webinar Series Recordings
As long as they meet the eligibility criteria, women entrepreneurs can also tap into existing government supports such as:
- Business Credit Availability Program (BCAP)
- Canada Emergency Wage Subsidy (CEWS)
- Expanded Work Sharing Program
- Canadian Emergency Business Account (CEBA)
- Canada Emergency Commercial Rent Assistance