Atlantic Canada Opportunities Agency (ACOA)  Urban Main Street Recovery Fund (UMSRF)

CEED is a provider of the Atlantic Canada Opportunities Agency (ACOA) Regional Relief and Recovery Fund (RRRF) for “main street businesses” called The Urban Main Street Recovery Fund (UMSRF)

This loan is to be used to finance the everyday operations of a business such as sales and marketing, product development, wages and other activities for businesses such as retail shops, restaurants, corner stores, etc., and businesses of strategic importance to the community.

General Details:

  • Maximum loan of $40,000
  • 0% interest until December 31, 2022;
  • No principal payments until December 31, 2022;
  • Principal repayments can be voluntarily made at any time without penalty;
  • 25% up to a maximum of $10,000 in loan forgiveness is available, provided the outstanding balance is paid back by December 31, 2022;
  • If any part of the balance is not paid by December 31, 2022, the remaining balance will be converted to a term loan effective January 1, 2023; and,
  • The full balance must be repaid no later than December 31, 2025.


  • The business has attempted to access other relief federal supports and was ineligible or rejected such as the Canada Emergency Business Account (CEBA).
  • The business must have been established before March 01, 2020.
  • The business must have been adversely impacted because of the COVID-19.
  • The business office must be located within boundaries Halifax, Dartmouth and Bedford.
  • Assistance maybe provided to sole proprietorships, partnerships, incorporated companies and cooperatives.
  • The Applicant must be the majority shareholder of the business and have the authority to bind the business.

Eligible Costs

Eligible costs include costs that will help to stabilize businesses to mitigate impacts of COVID-19 and which are not covered by other COVID-19 relief measures. These costs may be eligible as of March 15, 2020 and include, but not limited to the following:

  1. Rent (only eligible if the commercial rent program is not accessed);
  2. Rent or lease of equipment and machinery;
  3. Salaries and benefits (only eligible if not eligible or rejected through the Canada Emergency Wage Subsidy (CEWS)
  4. Property taxes;
  5. Utilities;
  6. Cleaning supplies;
  7. Additional safety measures;
  8. Bank interest/charges and loan repayment (interest);
  9. Office supplies;
  10. Vehicle operating expenses;
  11. Professional fees;
  12. Insurances, and
  13. Other fixed overhead costs and one-time stabilization expenditures.

Applications will Open Soon

All Inquiries Please email



Supports for Small Business – Update April 21, 2020

Nova Scotia – Small Business Impact Grant
Open today! The Small Business Impact Grant will provide eligible small businesses and non-profits who have had to close or reduce operations because of the public health order a one-time, flexible (can be used for any purpose) grant. This grant is equal to 15% of the business’ revenue from sales, either from April 2019 or February 2020, up to a maximum of $5,000. To qualify, your business must have been established on or before March 15, 2020 and have an anticipated revenue loss for April 2020 of 30% or more. The deadline to apply is Saturday, April 25.

Nova Scotia – Worker Emergency Bridge Fund
The Worker Emergency Bridge Fund provides a one-time payment of $1,000 for Nova Scotians who are laid off or out of work (includes self-employed) as of March 16, 2020 because of COVID-19, who don’t qualify for Employment Insurance, and earn between $5,000 and $34,000. The fund can be combined with the Canada Emergency Response Benefit (CERB). Apply by calling 1-800-863-6582. The phone line is open 7 days a week (including holidays) between 8 a.m. and 8 p.m.

Federal – Canada Emergency Response Benefit
The CERB is now available if you earned $1,000 (before taxes) or less during an eligibility period. If this applies to your situation, you may be eligible to apply for a previous period, starting March 15, 2020.

Federal – Canada Emergency Business Account (CEBA)
Available now – The CEBA will provide an interest-free loan of $40,000 for qualifying businesses. Up to $10,000 may be eligible for loan forgiveness if $30,000 is fully repaid by December 31, 2022. To qualify, businesses will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019.

Federal – Canada Emergency Wage Subsidy (CEWS)
This week, the federal government proposed further details on the eligibility criteria for the Canada Emergency Wage Subsidy. The CEWS provides a 75% wage subsidy to eligible businesses for up to 12 weeks, retroactive to March 15, 2020.

CEED Closures & Announcements

Wednesday February 12, 2020.

Due to weather, CEED will delay opening until 9:30am this morning.  Plan To SucCEED/Self Employment Programming will delay delivery until 10:00am this morning, instead of 9:00am.  When travelling, please evaluate your own personal situation and make a decision that is appropriate for you.

CEED Closures & Announcements


Occasionally, harsh weather conditions may affect our office hours and/or workshop schedule.

Information on morning or afternoon closures, altered timing or cancellations of workshops will be posted on our website and social media platforms by 7 am and 11 am respectively.

We encourage you to assess the road conditions related to your travel and individually determine if you will attend.

CEED Programs are delivered in partnership with ACOA and the Province of Nova Scotia