Mr.Chair, I'm not sure that I fully understood the plan. However, I can say that the people in the tourism industry don't understand the plan, because they're still waiting for it. One issue in the tourism industry involves fixed costs. Initially, we asked that part of the wage subsidy be set aside to cover fixed costs. The government implemented the Canada emergency commercial rent assistance. The assistance covers 75% of commercial rental payments under $50,000, and property owners pay the remaining 25%. To date, how many applications have been submitted under this program?
The wage subsidy is very significant. However, we know that there are other fixed costs. That's why we've taken other measures, such as the measures related to credit and rent. We've combined several measures that will help companies bridge the gap until the end of the crisis.
We expect to hear a figure and not necessarily words. We could see that the program was ineffective, particularly for seasonal businesses, including businesses in the tourism industry. Businesses need to have suspended operations or to show a decline of at least 70% in operations since the start of the public health crisis. How can a tourism business that hasn't yet launched operations show a decline of 70%? It doesn't make sense. A recent survey conducted by the Canadian Federation of Independent Business shows that only one in ten businesses can benefit from this assistance. Yet these businesses need the assistance. Does the government believe that commercial rent assistance is effective even though only one in ten businesses can benefit from it?
Mr.Chair, I know that the situation is very difficult. That's why we've introduced another option. Through the community futures development corporations and business development centres, we're providing $71million to businesses and organizations in rural communities by giving them much-needed access to capital. This investment will help many businesses in Quebec, particularly in the tourism sector.