For the most part, both the GNWT and the federal government have failed to provide the hospitality industry with relief funding that works. In order to apply for the Northern Benefit Relief Fund, businesses can only break even on a monthly basis, which is not sustainable given that they have gone months with little to no revenue. We have heard that taking on additional borrowing from the various loan programs is not suitable. Many of our hospitality businesses operate on such fine profit margins that they would go further into debt trying to pay off the loans. How will the GNWT support this vital sector to make sure we do not lose any further businesses?
Katrina Nokleby on Question 454-19(2): Northwest Territories Economy Support for Service Industry
In the Legislative Assembly on November 3rd, 2020. See this statement in context.
Question 454-19(2): Northwest Territories Economy Support for Service Industry
Oral Questions
November 3rd, 2020
Page 1609
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