22 May 2020 – Measures to ease pressures on local businesses

Type of Intervention: Financial and Economic
Sectors Involved: Private Sector and Businesses
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: Newfoundland and Labrador
Lead People/Agency: Newfoundland and Labrador Provincial government

Overview: To assist the business community in Newfoundland and Labrador during COVID-19, a number of fees have been deferred/waived. Total adds up to $6 million. The goal is to ease some of the operational pressures facing businesses and free-up cash flow in these uncertain times. Example: Elimination on aquaculture licence fees, and deferral of annual crown lands fees for aquaculture sites. See more at the link below.
Full details here: https://www.gov.nl.ca/releases/2020/servicenl/0522n02/

Type of Justification: No justification given
Source of Evidence or Justification: Government of NL
Evidence/Justification: Reducing financial burden during these uncertain times