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

New video takes viewers soaring over Cultus Lake

Posted to YouTube, the vid showcases the natural beauty of the lake and its surroundings

Chilliwack Community Services ends Community Driver program

The volunteer-driven offering helped clients get to important medical appointments

CRIME STOPPERS: ‘Most wanted’ for the week of Sept. 27

Crime Stoppers’ weekly list based on information provided by police investigators

Action demanded over death of First Nations youth in Abbotsford group home

Family and Indigenous organizations push for thorough investigation

COVID-19 testing centre opens at Fraser Canyon Hospital

30 tests can be done at the collection centre each day, health authority reccommends booking ahead

105 new COVID-19 cases, 1 death as health officials urge B.C. to remember safety protocols

There are currently 1268 active cases, with 3,337 people under public health monitoring

U.S. Presidential Debate Takeaways: An acrid tone from the opening minute

Here are key takeaways from the first of three scheduled presidential debates before Election Day on Nov. 3

Another death as COVID-19 outbreak at Delta Hospital climbs to 18 cases

Total of 12 patients and six staff in one unit have tested positive for COVID-19: Fraser Health

B.C. nurses report rise in depression, anxiety, exhaustion due to pandemic

A new UBC study looks into how the COVID-19 response has impacted frontline nurses

National child-care plan could help Canada rebound from COVID-induced economic crisis: prof

A $2 billion investment this year could help parents during second wave of pandemic

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Search suspended for Indigenous elder last seen mushroom picking in northwest B.C.

Mushroom picker Thomas (Tommy) Dennis has been missing since Sept. 16

16 MLAs retiring from B.C. politics add up to $20M in pensions: Taxpayers Federation

Taxpayers pay $4 for every dollar MLAs contribute to their pensions

‘Bonnie’ and ‘Henry’ among latest litter of service dog puppies

B.C. Alberta Guide Dogs names two pups after provincial health officer

Most Read