VANCOUVER Of the $300 million in grants B.C. earmarked for small and medium-sized businesses struggling to survive the COVID-19 pandemic, only $10 million has been delivered so far. That s according to Jobs Minister Ravi Kahlon, who suggested this week that $65 million had already been paid out to business owners. He offered a correction on Friday. We had over 5,000 applications come in. That translates to $65 million, as we said. The only addition is $10 million of that has actually gone out to businesses, Kahlon said. The other $55 million has yet to reach those who applied to B.C. s Small and Medium-Sized Business Recovery Grant program.
2021 Chamber President s Message
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B C sees modest job gains in December, mostly in construction and manufacturing
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There is reason for hope in the long term as independent economists predict B.C. will lead all provinces with the highest gross domestic product growth in 2021 and the lowest unemployment – but only if we are successful in bending the curve and reducing transmission, said Ravi Kahlon, B.C. minister of jobs, economy recovery and innovation, in a press release on Friday. We need to stay focused on following the advice of our health professionals for the health of British Columbians as well as the health of our economy. While December s unemployment rate was the lowest seen in the city since March, it was still higher than the 6.7 per cent reported in December 2019.
Posted:
December 28, 2020
B.C. commits $105 million to support tourism sector
The Government of British Columbia announced last week it is responding to the recommendations of the Tourism Task Force by creating a dedicated relief funding stream to support people and businesses in B.C.’s tourism sector.
“This has been the most challenging year that people working in the tourism sector have ever faced, and while news about vaccines arriving in British Columbia give us reason to be hopeful, we aren’t through this storm yet,” said Melanie Mark, Minister of Tourism, Arts, Culture and Sport. “This dedicated relief funding for the tourism sector will help people get through these next few months so we can welcome visitors back to our beautiful province once it’s safe to do so.”