Ontario Highlights $12 Billion in Support for Small Businesses During Small Business Week
Province renews commitment to protect jobs and entrepreneurs amid U.S. tariffs and rising digital demands
Toronto, Ontario – The Ontario government is marking Small Business Week with a renewed commitment to strengthen local entrepreneurship and protect jobs from global economic pressures. Associate Minister of Small Business Nina Tangri issued a statement today recognizing the more than 500,000 small businesses across Ontario that employ roughly 2.5 million people, calling them “vital to our province’s continued success.”
To safeguard these businesses against the impacts of U.S. tariffs, the province is deploying nearly $12 billion in immediate relief and support measures. These include the deferral of select taxes and Workplace Safety and Insurance Board (WSIB) rebates for safe employers—allowing small business owners to reinvest in operations, retain staff, and remain competitive.
Ontario is also focusing on helping small businesses adapt to the digital era. The government has committed an additional $7.5 million toward its Digitalization Competence Centre, designed to provide coaching, training, and grants that help business owners adopt artificial intelligence and other emerging technologies.
Beyond financial relief and digital modernization, Ontario continues to invest in future entrepreneurs. Programs such as Starter Company Plus and Summer Company offer up to $5,000 in grants, mentorship, and hands-on training to help young people build essential business skills. Meanwhile, a $2 million top-up to the Futurpreneur program is helping more than 320 young entrepreneurs access financing to launch new ventures.
Tangri also announced that the province will introduce new succession planning tools in the coming months to help business owners navigate transitions and ensure continuity.
“Our government will continue to support small businesses by lowering taxes, cutting red tape and investing in innovative programs that protect Ontario’s economy,” Tangri said.
With over half a million small businesses forming the backbone of Ontario’s economy, the government’s investments aim to keep the province resilient, future-ready, and competitive on both local and global stages.
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