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Replacing band aids with permanent business supports will go long way for recovery

Statement on the Government of Ontario’s Main Street Recovery Act

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TORONTO, October 9, 2020 — The following is a statement from the Toronto Region Board of
Trade on the provincial government’s proposed legislative changes through the Main Street
Recovery Act:

“Each month, the Toronto region regains some of the half million jobs lost at the start of the
COVID-19 pandemic. This economic growth is largely driven by determined and creative
business owners finding new ways to reach costumers while we wait for a vaccine – such as
bolstering their online services, adjusting hours of operation and expanding into outdoor
operations.

In fact, the ingenuity of small and medium-sized businesses has kept our economy from
plunging into an even deeper recession. Recognizing this, the Board commends the Ontario
government for proposing legislation that would make some of these business-enabling
measures permanent – in particular continuing to allow the takeout of alcohol from bars and
restaurants, as well as 24/7 delivery to and from businesses.

These measures – first introduced as temporary fixes to March and April’s strong and necessary
public health measures – did what good business-friendly policies should do: cut red tape and
made it easier to adapt to new consumer expectations. Legislation that enshrines these
principles in Ontario law will go far in ensuring our long-term economic recovery.

For our part, we will continue to support regrowth efforts – including through our Recovery
Activation Program, which is helping businesses transform and upgrade how their front, middle
and back offices use technology. We will also encourage all levels of government to target
business supports where it’s needed most, such as with rent relief and removing barriers to
markets outside of Ontario.”

ABOUT THE TORONTO REGION BOARD OF TRADE

The Toronto Region Board of Trade is one of the largest and most influential chambers of
commerce in North America and is a catalyst for the region’s economic growth agenda. Backed
by more than 13,500 members and partners, we pursue policy change to drive the growth and
competitiveness of the Toronto region, and facilitate market opportunities with programs,
partnerships and connections to help our members succeed – domestically and internationally.
To learn about the Board’s economic recovery efforts and response to COVID-19, visit
supportbusiness.bot.com. For more on making Toronto one of the most competitive and
sought-after business regions in the world, visit bot.com and follow us at @TorontoRBOT.

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