Planning for recovery: BC Chamber will have a seat at the Premier’s task force
A new Economic Recovery Task Force will bring together leaders from business, labour, First Nations and not-for-profits to help ensure the Province’s economic response to COVID-19 is effective and responsive to the needs of British Columbians. “COVID-19 is not only a public-health challenge, but also an economic one. People and businesses urgently need support,” said Premier […]
COVID 19 business owner crisis: 31% aren’t sure business will survive; 9% fear permanent closure
-Insights West release 65% of small business owners are ‘very worried’ about the negative financial impact overall—and specifically revenue (66%), financing (41%), ability to pay salaries (43%) and difficulty paying their rent/lease (38%) Only 55% think the emergency Federal aid will be effective Vancouver, BC —In one of the largest surveys of its kind, a […]
A quarter of small businesses cannot pay their April rent/mortgage
CFIB urges governments to help hardest hit with property tax relief and emergency money to cover fixed costs New survey results taken over the weekend show that a quarter of small businesses are not able to pay April’s commercial lease or mortgage payments as a result of COVID-19 disruptions, says the Canadian Federation of Independent […]
Monday March 30 Zoom Call
This free online meeting is available to all Sooke businesses and entrepreneurs. It’s a forum to discuss challenges, opportunities and resources. SOOKE BIZ ZOOM ROOM MEETING Join other Sooke business owners, entrepreneurs and independent operators in the Sooke Zoom Room on MONDAY MARCH 30 at 11 am. This is a new Sooke Biz forum to […]
Trudeau expands on the wage subsidy, with warning of serious consequences if abused – March 30, 2020
From today’s daily COVID-19 press conference in Ottawa Everyone, again, is being asked to stay at home as much as possible. This action, alone, has caused many businesses to have to shut down. So a three-point plan has been developed to help businesses and to help people receive a salary. The 75% wage subsidy for […]
Official annoucement: Prime Minister announces support for small businesses facing impacts of COVID‑19
The Government of Canada is focused on helping Canadians and businesses through this tough economic time. We will continue to protect the health and safety of Canadians, while supporting families and businesses and keeping our economy strong in the face of uncertainty. The Prime Minister, Justin Trudeau, today announced additional new measures to support small […]
Federal government increases wage subsidy from 10% to 75%
Today, Trudeau addressed small business owners and entrepreneurs. This climate of uncertainty feels like it can threaten everything you’ve worked for. To take that pressure off, the federal government will now cover 75% of wages for qualifying businesses through an adjusted wage subsidy (previously announced at 10%). This will help companies keep people on the […]
CFIB statement on Canada Emergency Response Benefit: Seeks clarity on non-layoff and benefits access for employees
The Canadian Federation of Independent Business (CFIB) welcomes the federal government’s announcement of the Canada Emergency Response Benefit which will provide $2,000 per month to workers who have lost their job, including the self-employed. This is a significant step forward in addressing the growing economic emergency that accompanies the nation’s efforts to avoid the COVID-19 health crisis. We are […]
CFIB calls for a 75% wage subsidy to retain employees
The COVID-19 outbreak is quickly becoming a disaster for small businesses, warns the Canadian Federation of Independent Business (CFIB). A full 60 per cent of small firms have seen a significant drop in sales, with more than one in three reporting a reduction greater than 75 per cent, according to a new study of nearly […]
COVID-19: Destination BC focussed on response, recovery, resilience
In an effort to keep industry informed on the fast-moving COVID-19 situation, Destination BC will be sending out regular bulletins in place of the monthly Directions emails for the foreseeable future. Please encourage your network to subscribe to our newsletter, and feel free to forward these emails to your colleagues and friends. Destination BC’s COVID-19 Response In collaboration with the Ministry of Tourism, […]
