How businesses are trying to survive the pandemic through crowdfunding - News Summed Up

How businesses are trying to survive the pandemic through crowdfunding


Federal programs aren't enough for some(CERS) , Canada Emergency Wage Subsidy (HASCAP) to help businesses struggling with the economic impact of the pandemic. In February, a CFIB report pegged the average pandemic debt of small businesses at about $170,000 per business stating "small businesses in Canada now owe a collective $135 billion." She was grateful but felt 'icky' about asking for donations and says the government was too slow to help small businesses. Seeing the people that donated to us … that mentally really, really helped. "Seeing the people that donated to us, and how generous some of them were, that mentally really, really helped," he said.


Source: CBC News April 18, 2021 07:52 UTC



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