Quebec tries to reassure the business community and promises to act “as needed”

Qu & eacute; bec tries to reassure the business community and promises to act & ldquo; as needed & rdquo; ;

MISE & Agrave; DAY

The pandemic is wreaking havoc in the business community and the rise of the Omicron variant as well as the new measures announced could well deal the fatal blow to many Quebec entrepreneurs. & nbsp;

In an interview with the program “À votre affaires, the Minister of the Economy, Pierre Fitzgibbon, insisted that his government was monitoring the financial situation of companies very closely.

“We are very sensitive to the fact that we are asking for an additional burden on all traders who must reduce their activities,” said the Minister.

Pierre Fitzgibbon refuses for the moment to transform certain aid programs in order to avoid entrepreneurs having to go into debt.

He mentions that to date, approximately 12,500 Quebec businesses have borrowed $ 425 million from the government. Of this amount, nearly half ($ 210 million) have been “forgiven” and have therefore become grants.

“The programs exist, they will continue and we will act as needed”, proclaims the Minister of the Economy.

A resilient business environment

In addition, Pierre Fitzgibbon believes that Quebec companies are surviving the health crisis rather well and its financial repercussions.

“In Quebec, the rate of business closures since April 2020, when compared to the one before that period, is 32% lower,” says Mr. Fitzgibbon.

“GDP is now higher than it was before the pandemic ”, he adds.

The latter nevertheless admits that certain sectors remain seriously affected. & nbsp;

Moreover , while many workers in the catering industry find themselves unemployed a few days before Christmas, Minister Fitzgibbon assures us that he is monitoring the situation closely

“We will be attentive. If additional programs need to be done, we will do them ”

To see the full interview, watch the video above.

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