As we navigate unprecedented times, we must take unprecedented action to help our residents & our economy now & in the future. That’s why I am launching an Economic Support & Recovery Task Force to help protect Toronto’s economic success in the wake of the #COVIDー19 pandemic. 
The Task Force will identify immediate and longer-term economic recovery strategies for residents and businesses, with a focus on supporting those segments of the economy that are most strongly impacted by #COVIDー19, such as tourism, hospitality and entertainment.
The focus of the Task Force will be on quickly determining what current supports and stimulus work needs to be done. The City will be working with industry partners to identify actions to support businesses, workers, and residents in responding to the economic impact of COVID-19.
Working with City finance and economic development staff over the weekend, I have already identified five immediate measures the City can undertake within its powers to help provide economic relief.
We will be extending a grace period for tax and other City of Toronto payments for businesses (payment and payment penalties) first for 30 days as of March 16, 2020.
We will be protecting City employees from layoffs this month due to the cancellation of City programs. The City is committed to paying for shifts that were planned for City-run daycares, museums, and recreation centres.
We will be establishing a substantial contingency fund to support businesses and affected groups, based on the consultations we undertake to determine the need and scale.
We will be facilitating entry into the EI System for those impacted by the pandemic. The City will work with companies and employees to ensure they are fully aware of how to apply for their rights under employment insurance.
We will be expanding the City's small business advisory services to help businesses as they plan to recover from impacts.
Every government has their role to play but I will be focused on the things the City government can do to help people now and in the long-term. I will also be making sure all governments work together to help people and businesses get through this.
We will get through this by listening to people and doing the smart, responsible things we can do to help them. I want every resident and every business in this city to know that as your Mayor, I will continue to fight for you during these extraordinary circumstances. #COVIDー19
The City's economic support and recovery efforts are working in parallel with our ongoing public health and business continuity responses to COVID-19. That work continues non-stop. #COVIDー19
