The Ontario Government Allocates $57.7M to Encourage e-Commerce in Canada, The Ontario government and the Canadian government allocated $ 57.7 million to help nearly 22,000 small businesses in digital transformation to mitigate the effects of the Coronavirus pandemic.
The announcement came today, Thursday, at a virtual ceremony attended by the Minister of Economic Development, Melanie Jolie, responsible for the Ontario FedDev, and the Managing Director of Small Enterprises of Ontario, Brabmit Sarkaria.
The federal and regional initiative aims to help Ontario’s employers prepare themselves to be competitive in the pandemic business.
“This initiative will enable companies to survive and recover while at the same time we will maintain and possibly create jobs.” Canadian Minister of Economic Development Melanie Jolie
The Ontario Managing Director Brabmit Sarkaria initiative relies on four components to help companies with an online presence improve their resonance.
Those without a presence on the Internet will be helped to open virtual stores.
The minister said, “This is the largest investment in our history to help small businesses transform digitally, to offset their losses and create revenue. ”
In addition to helping these companies build an e-commerce business, this investment will allow 1,400 students to continue training in this field, during the summer and autumn.
The health crisis has prompted many Canadians to buy online, forcing companies across the country to rethink the way they do business.
In Canada, retail sales in the e-commerce sector increased by 16% in March, according to Statistics Canada. For its part, the American online giant Amazon, saw its sales increase by 26% in the first quarter of 2020 to reach $ 75.5 billion.