CFIB launches campaign to encourage small businesses survival
Almost half of Canadians know a business that has closed permanently due to COVID-19, CFIB finds
TORONTO — With seven out of ten business owners worried that customers won’t come back and many still struggling to pay bills, the Canadian Federation of Independent Business (CFIB)’s new #SmallBusinessEveryDay campaign is designed to support local businesses.
The campaign includes a small business recovery dashboard which will be updated weekly. Currently, the dashboard shows about half of businesses across Canada are fully open, but only one in three are at normal staffing levels and one in five are making normal sales. Three-quarters of consumers report not spending as much overall as they did pre-COVID-19, yet almost half report spending more at larger retailers, many of whom were allowed to stay open when the pandemic hit.
“It’s critical to our neighbourhoods and, more generally, to Canada’s economic recovery that we move the needle on small business recovery and help businesses who have been starved of sales survive,” said Laura Jones, executive vice-president at CFIB, in a prepared statement.
At SmallBusinessEveryDay.ca consumers will find a series of challenges like walking to a local business and buying a treat for a neighbor. The website will also promote other Canadian campaigns that have launched to support local businesses and has tools for business owners such as free posters they can use to thank customers for doing their part.
“There is a parade of fantastic initiatives across Canada to help businesses recover from the unprecedented financial and emotional stress left in the wake of COVID-19 shutdowns,” added Jones. “#SmallBusinessEveryDay reminds us that small actions like buying a cupcake or a cup of coffee, finding a local business or recommending a business to others on social media can make a big difference to small business survival.”