ITAC announces recipients of Phase Four of financial assistance of its COVID-19 stimulus development fund

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COAST SALISH TERRITORY (Vancouver, BC) – September 22, 2020 – Earlier this summer, the Indigenous Tourism Association of Canada (ITAC) launched the COVID-19 Stimulus Development Fund to help Indigenous entrepreneurs and their businesses stay afloat during the shutdown of the global tourism industry as a result of COVID-19. Later paired with additional federal funding of $16 million, ITAC will be able to support many Indigenous tourism businesses in the form of up to $25,000 non-repayable grants. 

Today, ITAC announces Phase Four funding from Intake One (April 2020) for the Stimulus Development Fund, allocating 235 businesses over $4.9 million in grants. Remaining businesses who applied and have completed required documentation but have not yet been announced are still under review.

“We are thrilled to reach the next phase in our stimulus plan and have approval by Indigenous Services Canada to release funding for another 235 Indigenous tourism businesses,” says Keith Henry, President and CEO of ITAC. “We are proud to support those businesses struggling during the unexpected shutdown of the 2020 summer season and know this funding for Phase Four will support Indigenous entrepreneurs as they prepare for future tourism seasons.” 

The grants are disbursed to Indigenous tourism businesses who are at various stages of their tourism development. The Phase Four recipients are defined as Doors Open Businesses - tourism-related services and experiences that are newly available, in start-up and that currently receive customers who are mostly locals and regionals. The next round of applications from Intake 2 are under review and will be announced in October and all applicants will be contacted before the end of October.