Bridgitte Anderson, president of the Greater Vancouver Board of Trade, speaks in a video about the great fire of 1886 that destroyed most of Vancouver and forced it to rebuild. (GVBOT)

Keep businesses going to outlast COVID-19, B.C. government told

Greater Vancouver Board of Trade releases recovery proposals

Long-term business recovery strategies like improved broadband internet and transit extensions can only work for businesses that are still around to use them, a B.C. business group has reminded the provincial government.

The Greater Vancouver Board of Trade’s recommendations come as the B.C. government prepares to deploy a $1.5 billion recovery fund that was borrowed this spring as part of the province’s $5 billion COVID-19 response. The report includes a province-wide survey of businesses this summer that found, of those that have survived the pandemic, 65 per cent are using some form of government support to keep operating.

Most of the federal and provincial spending in the pandemic has been direct support for individuals, while business has seen tax deferrals and limited wage subsidy programs.

“Helping businesses survive is critical, as we’ve seen a 12 per cent decline,” GVBOT president Bridgitte Anderson said in releasing the report Sept. 1. “Nearly 8,000 businesses have disappeared in Metro Vancouver alone. And once those businesses are gone, so are the jobs. It’s a ripple effect across the economy.”

To prevent a “second wave” of business closures as existing support programs wind down, the report urges the establishment of a working capital grant for small businesses to help them restart or retool, as well as training and child care support to get people back to the workforce. Statistics Canada estimates that the Greater Vancouver region has lost nearly 150,000 jobs since February.

GVBOT also recommends the province waive provincial sales tax on hotels and flights for B.C. residents to get in-province and in-country travel going again. For rural parts of B.C., it recommends expanded and better coordinated broadband development from internet service providers, the federal and provincial governments.

The business group says the recovery plan is also a chance to remove burdens on business that have multiplied since the NDP government took office.

RELATED: B.C. uses COVID-19 summer for recovery survey, analysis

RELATED: Tourism showing signs of recovery, finance minister says

“Before the pandemic, various taxes were layered onto businesses, making it difficult for them to thrive,” the report says. “Over the past two years, employers have seen costs increase with the new employer health payroll tax, in addition to an increasing carbon tax, general corporate tax, personal income tax and property tax among others.”


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

West Shore RCMP arrives just in time thanks to tip

Officers remind of resources after mental health call Monday morning

Lamborghini driver slapped with nearly $1,000 in fines while speeding in Central Saanich

Vehicle impounded by Central Saanich police, 11 points issued

Man arrested after speeding to Victoria court date for driving offence

West Shore RCMP remind drivers to be mindful of construction zones

UPDATED: Driver faces charges after crash at Blanshard and Saanich

Lanes closed Monday afternoon, one person taken to hospital

Victoria police seek suspects in series of bear spray attacks

Police responded to several calls Saturday evening

Weekend sees 267 cases, 3 deaths in B.C.; Dr. Henry says events leading to COVID spread

There are currently 1,302 active cases in B.C., while 3,372 people are under public health monitoring

SOOKE HISTORY: Alleged bootlegger has day in court

Blackberry wine confiscated at home

Shawnigan Lake’s Kubica gets 25 to life for murder in California

Former Shawnigan Lake man convicted of killing woman in 1990

B.C. VOTES 2020: Echoes of HST in B.C. debate over sales tax

Cannabis, tobacco, luxury cars still taxed in B.C. Liberal plan

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

She warned her son about toxic drugs, then he was dead

Donna Bridgman’s son died at the age of 38 in Vancouver

Duration of Tour de Rock stop in Chemainus much shorter than usual

Four alumni riders don’t get to come for breakfast in COVID year

B.C. food and beverage producers set record sales in 2019

Farmed salmon again leads international exports

Police seek help in naming Cowichan farm stand theft suspect

Video captured man prying cash box out of stand on Norcross Road

Most Read