Economic Recovery Plan
Hard economic times call for a strong strategic plan for recovery. The Town of Canmore's Economic Development Department has been rolling out an ambitious Recovery Plan backed by $281,000 in funding that focuses on business retention and survival during and post-pandemic.
For example, the Bow Valley Restart Fund, managed by the Bow Valley Chamber of Commerce, was able to support 39 businesses with grants totaling $98,000, and the Business 2 Business Voucher program connected businesses with local services. Other supports include regular Business Needs Surveys, our online support hub, and the #supportlocalCanmore digital campaign. This work helps to support the resilience of our local economy.
We've been able to accomplish a lot over the past two years to support our local business community. Click here to read our final report for the Business Recovery Capital Project.
Updated - Jan. 28, 2022
The mandate of the task force was to develop recommendations to support the return to work of Canmore’s workforce; to support business operations in the recovery efforts and future growth, and to identify opportunities to propel our community beyond the recovery stage.
Councillor McCallum and Councillor Marra sat on the task force as the Council representatives.
Council accepted the final Business Recovery Task Force for planning purposes on Dec. 7, 2021.
• In July 2020, The Job Resource Centre launched their online job board which the Town of Canmore has promoted online and via the Economic Development business update newsletter.
• The Business Visitation Program throughout August focused on the downtown core and includes questions about staffing issues.
• A digital business-needs survey will also go out to the wider business community in November, 2020.
• The Business Recovery Task Force is looking at labour-force related data to move projects forward.
•Business Tools: Economic Development would work with industry experts to develop a set of tools to support business continuity planning, such as developing a re-open plan with templates for scheduling, re-hire agreements, stock, or staffing needs overview, marketing and planning tools, etc.
• Financial Aid: Directing businesses to financial aid provided by the various levels of governments and private sectors
• Employee Supports: Access to social support services such as how to find housing
• Supports for the Self-Employed: Directing self-employed individuals to applicable resources.
1. Business physical distancing and safety requirements
2. Communication to community on physical distancing to residents
3. Town Planning: How do we accommodate physical distancing and visitors/community sentiment in the various reopening stages?
4. Traveler communication on community expectations, best practices, etc.
5. Marketing to boost the economy when all industries are allowed to re-open
The group is paused, as Canmore's local economy reopened in response to the Province of Alberta's guidelines. The group will build a plan for any 2021 approaches to supporting our local businesses depending on the Covid-19 situation.
SMARTstart is an entrepreneurial training program with three components: online learning, in-person seminars, and mentorship. Over eight months, 15-20 entrepreneurs would undergo 50-60 hours of online training, workshops, and mentorship meetings. The program objective is for participants to take away a completed business plan, strategic plan, or feasibility study, as well as strong network connections.
The 2022 class of SmartStart is now in session.
Applications are now closed.
Rebates were provided to affected businesses.
The program has closed due to full subscription.
The art projects have been installed in communities around town! Click here for more info
The application period for the relief fund has closed.
The campaign ran until the end of August. Thank you for supporting local!