A new micro-loan program, which will provide loans ranging from $200 to $25,000, has been launched in conjunction with the Thompson Okanagan Tourism Resiliency Program.
The program, which is being coordinated by the Thompson Okanagan Tourism Association and Community Futures, aligns with the Regional Relief & Recovery Fund to provide support for those in the tourism industry.
"This new initiative represents a pivotal moment for the regional tourism sector as well as another important evolution of our work in helping the industry recover and become more resilient for the long term," said Glenn Mandziuk, President and CEO of TOTA. "The program will address the immediate need to mitigate financial impacts associated with additional costs and losses tourism businesses have been facing as a result of the COVID-19 Pandemic."
To apply for a micro loan, tourism stakeholders must be referred to a Community Futures office by a Thompson Okanagan Tourism Resiliency Program Advisor. Advisors will also provide ongoing, one-on-one support to tourism businesses. There is no cost to participate. Click here to learn more about the program and to register with an Advisor.
To read the full press release, click here.