Monday, June 17, 2024

Up to $10,000 made available to BC businesses impacted by recent “circuit-breaker” restrictions


The BC government just announced a provincial relief grant of $50 million for roughly 14,000 BC businesses impacted by the recent restrictions.

Ravi Kahlon, the Minister of Jobs, Economic Recovery, and Innovation, announced the grant today, April 8th.

Businesses will have access of up to $10,000 to help costs associated with rent, insurance, employee wages, maintenance, and utilities.

The grant is accessible to eligible businesses of any size that have been in operation since February 1st, 2021.

How much money a business receives depends will depend on how many employees they have.

The funds have been reallocated from the $345-million small and medium sized business recovery grant program announced in early February. 

The announcement comes after the March 30th circuit breaker measures that shut down indoor group fitness and indoor dining at restaurants.

Businesses that have had licenses revoked due to breaching Provincial Health Orders will not be eligible for the grant.

The BC government said it is urging the federal government to extend the wage subsidy that expires in June.

Online applications will be open next week.

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