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Small and medium businesses urged to apply for under-used recovery grant

Unveiled in October as a way to help businesses hard hit by the pandemic, the small and medium business grant program wraps up at the end of March.
Qualifying businesses can receive up to $30,000. Tourism businesses that have been hard hit by the pandemic can qualify for up to $45,000.
After hearing from business organizations that expressed concerns about eligibility criteria, B.C. modified the program in December to make it easier for businesses to qualify for funds. The revised program says eligible businesses must have been running for 18 months, down from the previous three-year requirement, and must show a 30 per cent drop in their revenue since May, compared with the previous year. That was shaved back from the earlier requirement of a 50 per cent decline in revenue. ....

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BC jobs minister resists calls to extend small business grant deadline

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The bulk of the B.C.’s small- and medium-business recovery grant continues to sit untouched five months into the program but the NDP government’s jobs minister refused to commit to extending the program’s March 31 deadline.
Speaking to the Greater Vancouver Board of Trade during a virtual meeting on Tuesday, Economic Recovery Minister Ravi Kahlon said he’s confident changes to the grant program in December have made it easier for more businesses to apply. However, he did not give a direct answer to a question from Board CEO Bridgitte Anderson about whether the end-of-March deadline would be extended. ....

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