Premier François Legault announced new measures to support Québec businesses affected by COVID-19, including the Emergency Assistance Program for small and medium-sized businesses who require working capital of less than $50,000. The initial envelope of $150 million is in addition to the Temporary Concerted Action Program for Businesses (PACTE) launched by the Government of Québec on March 19.
The premier also announced an extension of the Local Investment Funds (FLI) until December 31, 2022, and a 3-month extension for repayment of loans (principal and interest) granted under the FLI. Further, the 14 communities of the Nunavik region of northern Québec are under lockdown effective immediately. The new measure bans all passenger flights in and out of the region.
Finance Minister Eric Girard announced a new financial assistance program for individuals working essential jobs during the COVID-19 pandemic. The new program provides $100 for each week of qualifying work, retroactive to March 15 for a maximum of 16 weeks. Workers can apply for this benefit through Revenue Québec beginning May 19, with direct deposits starting May 27.