Prairie Post (East Edition)

CFIB lAt­Est rE­Cov­Ery DAsH­BoArD sHows Al­BErtA smAll BusI­nEss nEED our lovE now morE tHAn EvEr

- Con­trib­uted Business · Small Business · Canada News · Amazon · Ontario · Canadian Federation of Independent Business

The Cana­dian Fed­er­a­tion of In­de­pen­dent Busi­ness (CFIB)’s lat­est Small Busi­ness Re­cov­ery Dash­board (https://www.small­busi­nes­sev­ery­­board/) shows Al­berta small busi­nesses con­tinue to strug­gle dur­ing the pan­demic:

• 65 per cent of small busi­nesses are fully open (com­pared to 60 per cent last month)

• 40 per cent are fully staffed (com­pared to 39 per cent last month)

• 23 per cent are mak­ing nor­mal sales (com­pared to 20 per cent last month)

“Fe­bru­ary tends to be a low-sales month, but this Fe­bru­ary is a real heart­breaker,” said Laura Jones, CFIB’s ex­ec­u­tive vice-pres­i­dent. “Small busi­nesses are now 11 months into see­ing their rev­enues plum­met. Many have been forced to shut down even as Ama­zon and big box sales soar.”

The re­cov­ery rates for Al­berta small busi­nesses in the hos­pi­tal­ity (restau­rants, ho­tels, cater­ers) and arts and re­cre­ation (gyms, venues, ar­cades) paint a grim and wor­ri­some pic­ture:

“Al­berta small busi­ness in the hos­pi­tal­ity and arts and re­cre­ation in­dus­tries are re­port­ing dis­mal sales, and their risk of clo­sure is more than dou­ble the pro­vin­cial av­er­age,” said An­nie Dor­muth, Al­berta pro­vin­cial af­fairs di­rec­tor. “Fur­ther­more, nearly two thirds (65%) of all Al­berta small busi­nesses agree they need ad­di­tional pro­vin­cial sup­ports. With back to nor­mal oper­a­tions still months away the Al­berta gov­ern­ment needs to pro­vide ad­di­tional sup­ports in the form of an­other top-up through the SME Re­launch Grant to help small busi­nesses sur­vive.”

Re­gion­ally, busi­nesses are re­cov­er­ing at dif­fer­ent paces, with On­tario see­ing the low­est re­sults in all three cat­e­gories:

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