Using the case study below Discuss where the support of government has enabled businesses to profit and stay active, dis

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Using the case study below Discuss where the support of government has enabled businesses to profit and stay active, dis

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Using the case study below Discuss where the support ofgovernment has enabled businesses to profit and stay active,discuss using a marxist paradigm/perspective
Case study
TORONTO — The Ontario government is providing targeted relieffor businesses and people impacted by the current public healthmeasures aimed at blunting the spread of the Omicron variant. Aspart of this plan, the government is introducing a $10,000 grantfor eligible businesses that are subject to closures under themodified Step Two of the Roadmap to Reopen and isproviding additional electricity-rate relief for businesses, aswell as workers and families spending more time at home.
“Our government understands that public health measures neededto blunt the spread of the Omicron variant are impacting the livesand livelihoods of small businesses, workers and families acrossOntario,” said Peter Bethlenfalvy, Minister of Finance. “Since thefirst day of the pandemic, we have provided unprecedented levels ofsupport to protect people, jobs and our economy. We will continueto deliver on that commitment.”
As part of a comprehensive plan to support workers andbusinesses, the government is announcing an Ontario COVID-19 SmallBusiness Relief Grant for small businesses that are subject toclosure under the modified Step Two of the Roadmap to Reopen. Itwill provide eligible small businesses with a grant payment of$10,000.
Eligible small businesses include:
Eligible businesses that qualified for the Ontario SmallBusiness Support Grant and that are subject to closure undermodified Step Two of the Roadmap to Reopen will be pre-screened toverify eligibility and will not need to apply to the new program.Newly established and newly eligible small businesses will need toapply once the application portal opens in the coming weeks. Smallbusinesses that qualify can expect to receive their payment inFebruary.
“Small businesses, job creators and the entrepreneurial spiritare the backbone of Ontario’s economy. Unfortunately, thesebusinesses have been some of the most impacted by COVID-19, andmany continue to struggle,” said Vic Fedeli, Minister of EconomicDevelopment, Job Creation and Trade. “Since the start of thepandemic, we have provided unprecedented supports for businesses inevery region of the province. With the new Ontario COVID-19 SmallBusiness Relief Grant, our government will provide relief forthousands of small businesses that create jobs for hard workingOntarians.”
The Ontario government is also providing electricity-rate reliefto support small businesses, as well as workers and familiesspending more time at home while the province is in Modified StepTwo. For 21 days starting at 12:01 am on Tuesday, January 18, 2022,electricity prices will be set 24 hours a day at the currentoff-peak rate of 8.2 cents per kilowatt-hour, which is less thanhalf the cost of the current on-peak rate. The off-peak rate willapply automatically to residential, small businesses and farms whopay regulated rates set by the Ontario Energy Board and get a billfrom a utility and will benefit customers on both Time-of-Use andTiered rate plans.
“We know that spending more time at home means using moreelectricity during the day when prices are higher, that’s why weare moving to off-peak electricity rates 24 hours per day, sevendays a week,” said Todd Smith, Minister of Energy. “The off-peakrate will provide immediate savings for families, small businessesand farms as all Ontarians work together to slow the spread of theOmicron variant.”
Further, online applications for thepreviously-announced Ontario Business Costs RebateProgram will open on January 18. This program will provideeligible businesses that are required to close or reduce capacitywith rebate payments for up to 100 per cent of the property tax andenergy costs they incur while subject to public health measures inresponse to the Omicron variant.
Eligible businesses required to close for indoor activities,such as restaurants and gyms, will receive a rebate paymentequivalent to 100 per cent of their costs. Those required to reducecapacity to 50 per cent, such as smaller retail stores, willreceive a rebate payment equivalent to 50 per cent of their costs.A complete list of eligible businesses will be provided prior tothe launch of the application portal.
“Small businesses are at the heart of every community across ourprovince and make a tremendous contribution to Ontario’s economy,”said Nina Tangri, Associate Minister of Small Business and Red TapeReduction. “Our government knows how important it is to supportsmall business owners during such a difficult time. That’s whythroughout the pandemic, our government has supported smallbusinesses and continues to do so through the new Ontario COVID-19Small Business Relief Grant.”
The government is also improving cash flows for Ontariobusinesses by providing up to $7.5 billion through a six-monthinterest- and penalty-free period starting January 1, 2022 forOntario businesses to make payments for most provinciallyadministered taxes. This supports businesses now and provides theflexibility they will need for long-term planning. Building onOntario’s efforts to improve cash flows for businesses, theprovince continues to call on the federal government to matchprovincial tax deferral efforts by allowing small businessesimpacted by public health restrictions to defer their HSTremittances for a period of six months.
“Ontario’s heritage, sport, tourism and culture industries havebeen hit first, hardest, and are expected to take the longest torecover from the pandemic,” said Lisa MacLeod, Minister ofHeritage, Sport, Tourism and Culture Industries. “These newsupports are critical to protect sectors that contribute more than$76 billion and hundreds of thousands of jobs in communities acrossthe province.”
These measures will build on Ontario’s support for businessesand workers, including:
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