P.E.I. government announces numerous COVID-19 assistance programs
Posted May 7, 2020 04:07:30 PM.
Last Updated May 7, 2020 04:16:20 PM.
This article is more than 5 years old.
CHARLOTTETOWN — The Prince Edward Island government has announced a number of programs to assist people affected by the COVID-19 pandemic.
Finance Minister Darlene Compton says 17,000 Islanders who are considered essential workers but make less than $3,000 per month will be eligible for a one-time payment of $1,000 each.
The funding for the program was announced by the federal government on April 15, but the original criteria would have applied to just 350 people.
Fisheries Minister Jamie Fox says the pandemic has had a major impact on the fishing and aquaculture industries, so repayable loans are available to those sectors for up to $25,000 at a rate of four per cent.
The province will pay the interest for the first 18 months and the principle is also deferred for 18 months.
And tourism operators will be eligible for up to $2,000 towards the cost of Plexiglas dividers, hand sanitizer, washing stations and other changes to allow their businesses to adhere to public health guidelines.
This report by The Canadian Press was first published May 7, 2020.
The Canadian Press
