Tourism PEI Archives - Atlantic Canada Business Grants

Amount:

$750

Type of Program:

Grants

Description:

The Tourism Website French Translation Support Program provides financial support to tourism operators, offsetting some of the costs of translating their existing websites into French or English. This program increases the web presence of tourism services.

Comments on Funding:

Funding is a maximum contribution of $750. Operators must contribute a minimum of 25% of the total translation costs.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

be operators that will identify whether they provide “bilingual services”, “some French services” or “no French services” as per the Visitor’s Guide;
be operators that are active in the tourism industry. They must be members in good standing of either the regional tourism association in their area and/or the Tourism Industry Association of PEI (TIAPEI);
be operators that clearly represent the level of French service on their websites so the visitor can make informed decisions, including at what times of the year these services are available and if correspondence in French is a service;
use the funds to translate French only tourism product websites into English. Operators will identify the level of English services provided “bilingual services”, “some English services” or “no English services”;
have contracted the translation service to an incorporated/registered company.

Application Steps:

Applicants must fill out the Tourism Website French Translation Support Program Form and submit it to the address below:
Jason Thistle
Manager of Operator Advancement and Regulatory Affairs
Tourism PEI
PO Box 2000
Charlottetown, PE CIA 7N8
Telephone: 902-368-4398
Fax: 902-368-4438
E-mail: jmhistle@gov.pe.ca.

Documentation Needed:

Applicants must provide a quote from the company that will provide the translation service.

Other Things to Note:

Tourism PEI is a crown corporation that reports to the Department of Economic Growth, Tourism and Culture.

Program Contact:

Tourism Website French Translation Support Program

Amount:

$700,000.00

Type of Program:

Interest Relief

Description:

The Tourism Interest Relief Program provides assistance to Island tourism operators. The assistance provided will equal the amount of interest expense incurred or paid on term debt, for each month from April 1, 2020 to September 30, 2022. Assistance will also be provided equal to the amount of unsubsidized interest expense incurred or paid on property taxes for eligible properties for the period from June 1, 2021 to December 31, 2021 in which the tourism operator demonstrates they have been applied for the Canada Emergency Rent Subsidy (CERS).

Comments on Funding:

Eligible companies can receive up to 100% of their interest from their term debt up to $250,000. Once a company hits the $250,000 threshold, only 50% of the company's outstanding term debt interest will be eligible until they reach $700,000.

The maximum cumulative interest relief to be provided to any one business is limited to the lower of:

1
total revenue reported by the business for income tax purposes in the previous year; or
2
$700,000.

When It Ends:

Ongoing

Deadline:

September 30, 2022

Eligibility:

Applicants must:

be for-profit corporations, partnerships and sole proprietorships operating within one of the following sectors:

licensed tourism accommodations used primarily for business activity (e.g. hotel, motel, bed and breakfast, inn, resort, cottage operations, campgrounds);
food and beverage service (e.g. restaurant, bar, brewery);
local artisans and artists (e.g. pottery, artwork);
locally-owned retail and gift shops that cater primarily to tourism;
attractions (e.g. museum);
tourism service/experience providers;
event companies;
adventure (e.g. kayaking, amusement park, golf); and/or
tour operators.

demonstrate either:

a minimum 30% decrease in tourism related revenues from operations located in Prince Edward Island compared to the same month in the prior year; or
that the operation had no tourism revenue.

have the physical tourism operation and head office located on Prince Edward Island.

Only non-revolving, term debt incurred on or before April 1, 2020 with a financial institution is eligible for interest relief under the term debt portion of this program.

Application Steps:

must submit the online application and the required supporting documentation,

must complete the online application for "Request Subsequent Relief Payments" for each subsequent month you request relief, if the initial application was approved,

upon approval of the initial application under the Tourism Interest Relief Program, Finance PEI and Tourism PEI will process payment of interest relief with respect to interest on term debt on approved monthly claims submitted.

Documentation Needed:

Applicants must submit:

1
the completed online application for “Tourism Interest Relief” from Finance PEI and Tourism PEI,
2
monthly financial statements demonstrating a negative impact in PEI-generated tourism revenues each month via either:

a minimum 30% decrease in tourism related revenues from PEI operations compared to the same month in the prior year; or
no tourism revenue for the month.

3
proof of CERS application including subsidy rates in effect for the June 1, 2021-December 31, 2021 period, if applying for property tax interest relief,
4
completed authorization to release property tax information, if applying for property tax interest relief,
5
property tax bills for properties used in the applicant’s tourism operation on which they are seeking property tax interest relief, along with a certification that the properties are used in the applicant’s tourism operation, if applying for property tax interest relief,
6
term debt agreements with financial institutions (including, but not limited to, mortgage documents),
7
documentation to confirm that debt was incurred for the purpose of earning income on PEI for tourism activities,
8
completed Tourism Interest Relief Program Pre-Authorization for Credit Transactions Form,
9
additional documentation might be required.

Program Contact:

Tourism Interest Relief Program