Smithers District Chamber of Commerce

Available grants for businesses

April 8, 2021

Northern BC Tourism Resiliency Program

Do you run a tourism-related business? If so, be sure to register for the Northern BC Tourism Resiliency Program. As part of the program, you’ll be matched with a program advisor who can assess your needs and provide guidance on available relief programs for your business. They can also arrange one-on-one expert consultations (free of charge) in areas such as marketing, E-commerce, human resources, and accounting, among others. Learn more

 

Launch Online Grant

The Launch Online Grant program provides funding to BC based business to create an online shop and/or improve their e-commerce experience to attract new local customers and to expand to new markets. The grant will pay for up to 75% of eligible expenses, up to a maximum of $7,500 per business. The program supports a rapid response for businesses and is accepting applications from businesses ready to start and finish their online shop within 12 weeks. Application deadline is open until the funds have been fully subscribed and funding will be awarded on a first come, first served basis to small and medium sized businesses. For the projects to have an immediate benefit, the funds will be given as soon as a business has been approved for the program. For more information on the Launch Online Grant program, including application process and eligibility, please visit: www.launchonline.ca.

 

Canada Emergency Business Account (CEBA) UPDATE

DEADLINE HAS BEEN EXTENDED TO JUNE 30:  Eligible businesses facing financial hardship as a result of the COVID-19 pandemic are able to access a second CEBA loan of up to $20,000 – on top of the initial $40,000 that was available to small businesses. Half of this additional financing, up to $10,000, will be forgivable if the loan is repaid by December 31, 2022. This means the additional loan effectively increases CEBA loans from the existing $40,000 to $60,000 for eligible businesses, of which a total of $20,000 will be forgiven if the balance of the loan is repaid on time. As announced in the Fall Economic Statement, the application deadline for CEBA has also been extended to June 30, 2021. Read more: https://ceba-cuec.ca/

 

Provincial Small and Medium Sized Business Recovery Grant

Application Process for Provincial Small and Medium-Sized Business Recovery Grant Program Now Open - Apply Now! The Small and Medium-Sized Business Recovery Grant Program will invest up to $300 million in targeted financial support for some of the hardest hit businesses that employ between two and 149 BC residents and have experienced declines in revenue since March 10, 2020. Grants of $10,000 to $30,000 are available. An additional $5,000 to $10,000 grant is available to eligible tourism-related businesses that have been hit especially hard by COVID-19. Deadline has been extended until August 31, 2021 or until the funds are fully allocated, whichever comes first. Learn more at: www2.gov.bc.ca/gov/content/economic-recovery/business-recovery-grant

 

Circuit Breaker Business Relief Grant

The Province of BC will be distributing over $50 million through the new Circuit Breaker Business Relief Grant to help the 14,000 restaurants, bars, breweries, wineries, gyms, and fitness centres affected by the March 30, 2021 provincial health orders. The grant offers businesses with up to $10,000 in one-time funding payments to help cover various expenses including rent, insurance, employee wages, maintenance, and utilities. It is also there to help businesses cover the unexpected costs that arose due to the new restrictions, such as the purchase of perishable goods. The Circuit Breaker Business Relief Grant is open to eligible businesses of any size that have been operating since February 1st, 2021. Applications for this grant have been streamlined to ensure fast access to the funds and are expected to open the week of April 12, 2021. The applications will stay open until the 4th of June 2021, or until the funds are dispensed, whichever comes first. This new grant is intended to add onto the supports that already exist, such as the Canada Emergency Rent Subsidy (CERS). https://www2.gov.bc.ca/gov/content/covid-19/economic-recovery/relief-grant   For more information, check out the press release here 

 

Canada Emergency Rent Subsidy

The new Canada Emergency Rent Subsidy, which would provide simple and easy-to-access rent and mortgage support until June 2021 for qualifying organizations affected by COVID-19. The rent subsidy would be provided directly to tenants, while also providing support to property owners. The new rent subsidy would support businesses, charities and non-profits that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a sliding scale, up to a maximum of 65 per cent of eligible expenses until December 19, 2020. Organizations would be able to make claims retroactively for the period that began September 27 and ends October 24, 2020. A top-up Canada Emergency Rent Subsidy of 25 per cent for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority, in addition to the 65 per cent subsidy. More information to follow: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy.html

 

Canada Emergency Wage Subsidy

The Federal Government announced an extension of the Canada Emergency Wage Subsidy until June 2021, which would continue to protect jobs by helping businesses keep employees on the payroll and encouraging employers to re-hire their workers. The subsidy would remain at the current subsidy rate of up to a maximum of 65 per cent of eligible wages until December 19, 2020. https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html

 

Highly Affected Sectors Credit Availablity Program (HASCAP) Guarantee

Open for application on February 1, 2021 Businesses heavily impacted by COVID-19 can access guaranteed, low-interest loans of $25,000 to $1 million to cover operational cash flow needs. These loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more as a result of COVID-19. https://www.canada.ca/en/innovation-science-economic-development/news/2021/01/minister-ng-announces-launch-of-highly-affected-sectors-credit-availability-program.html

 

Canada Recovery Benefit (CRB)

The Canada Recovery Benefit (CRB) gives income support to employed and self-employed individuals who are directly affected by COVID-19 and are not entitled to Employment Insurance (EI) benefits. The CRB is administered by the Canada Revenue Agency (CRA). If you are eligible for the CRB, you can receive $1,000 ($900 after taxes withheld) for a 2-week period. https://www.canada.ca/en/revenue-agency/services/benefits/recovery-benefit

 

Indigenous Community Business Fund

The Indigenous Community Business Fund is providing $117 million in non-repayable financial contributions to help support First Nations, Inuit and Métis community-or collectively-owned businesses and microbusinesses whose revenues have been affected by the COVID-19 pandemic. The fund supports the operation of the businesses as well as costs to support the adaptation, planning and reopening of a businesses. The fund seeks to provide support for businesses that do not qualify for other Government of Canada COVID-19 relief measures. It is intended to relieve financial pressure and allow these businesses and microbusinesses to strengthen operations and support their viability during the pandemic, with the goal of positioning them for recovery. https://www.sac-isc.gc.ca/eng/1596809415775/1596809469296

 

BC Métis COVID-19 Business Support Programs

The existing federal COVID-19 Emergency Response Loan is now offering more generous funding, with additional funds available for Métis financial institutions in BC. Métis-owned businesses are now eligible to apply for as much as $60,000 in COVID funding, including $40,000 in loans and $20,000 in grants. Métis businesses that have already received approval for as much as $40,000 in AFI-financed loans are now eligible to apply for a maximum additional $20,000 in top-up loans, with up to $10,000 provided as a grant. For more information: https://mfcbc.ca/bc-metis-covid-19-business-support-programs/

 

We have tried to build on what Don and Tom started here years ago. Our philosophy is somewhat simple, we try to work hard every day and provide straightforward communication with our customers. We tell our staff, ‘treat our customers like we ourselves would like to be treated.’

-Mitch, Tyler and Don Pederson, Co-owners, AquaNorth Plumbing and Heating

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