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Local businesses in Lévis: millions of dollars in loans turned into subsidies

Lévis is now able to convert millions of dollars in loans into grants for dozens of convenience stores closed by government decree due to the pandemic.

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Out of $ 7.5 million in government aid that has passed through the city’s coffers in recent months, Lévis estimates that about $ 5 million could be “forgiven”. This means that the 264 companies concerned, including 62 restaurants, would not have to reimburse a very large part of the sums granted.

Over the months, the government of Quebec has relaxed its aid criteria to allow the companies concerned to take their head out of the water in this difficult health context, explained Mayor Gilles Lehouillier, Friday morning, during a point virtual press.

Even if each case is studied separately and according to very specific criteria, the municipal administration gave the example of a loan of $ 50,000 granted to a merchant. In certain situations, the “loan” portion would be no more than $ 5,000, while the grant could go up to $ 45,000, it has been illustrated.

New powers

“As part of the new powers granted by the Government of Quebec to municipalities and RCMs, the City of Lévis is announcing a series of new measures aimed at supporting, through direct subsidies, local businesses deemed non-essential which have suffered the most. pandemic and who will need a boost to facilitate their reopening, ”insisted Mr. Lehouillier.

The City is also continuing its advertising campaign to encourage the purchase of loca

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