B.C. Finance Minister Carole James and Premier John Horgan announce $5 billion emergency fund for COVID-19 unemployment and other relief, B.C. legislature, March 23, 2020. (B.C. government)

B.C. calls for public input into COVID-19 business recovery

In-province travel decision expected next week

The B.C. government is preparing to allocate the $1.5 billion fund for business recovery from the coronavirus pandemic, and has launched a six-week public consultation on how to do it.

Premier John Horgan and Finance Minister Carole James announced the online consultation June 17, emphasizing that those hardest hit by three months of pandemic restrictions are young people and women.

James said the COVID-19 crisis is different from previous recessions like the 2008 market meltdown that affected financial services and real estate. Now it’s services like accommodation and restaurants, which have suffered 90 per cent of the business closures, with women accounting for 60 per cent of the job losses.

“The youth unemployment rate is a staggering 29 per cent,” James said.

Travel restrictions have hit tourism businesses the hardest. Horgan said he and the cabinet are waiting for the latest pandemic modelling from provincial health officer Dr. Bonnie Henry on June 22 before making a decision on opening non-essential travel within B.C.

With COVID-19 case numbers remaining low in recent weeks, Horgan said he’s looking at his own vacation options. On Wednesday (June 17), the province recorded 19 new cases and no new deaths.

READ MORE: Top doctor urges caution as B.C. records 19 new COVID-19 cases

The survey remains open until July 21, by which time the B.C. legislature will be halfway through a rare summer session to deal with a provincial budget blown open by the $5 billion provincial emergency fund that includes the recovery fund as well as direct supports to people. Provincial revenues have nose-dived, with more than 300,000 tax-paying jobs lost since February, and the province has delayed business tax payments and a scheduled increase in carbon tax that was due in April.

Horgan declined to say if the province’s rent subsidy that is due to expire at the end of June will be extended, saying it may not be the same program that exists today.

James said enhanced benefits are on the table, as well as needs such as child care, skills training, and support for technology development to rebuild the B.C. economy.

RELATED: Fraud reports jump in April with pandemic scams

RELATED: B.C. seafood exports hit by Chinese false alarm

In its latest forecast June 16, the Business Council of B.C. estimates that B.C.’s gross domestic product will shrink by almost eight per cent in 2020. Jock Finlayson, BCBC’s chief policy officer, notes that the province recognizes 517,100 businesses, and 315,000 of them are self-employed individuals with no paid staff. The vast majority of the rest have nine employees or fewer.

“Looking ahead, we suspect that a significant number of B.C. business that existed when the year began will be gone by the end of 2021,” Finlayson said in a commentary.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Coronavirus

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

Just Posted

Sooke’s Paul Laroche gold snipes along Sooke River, a process in which he uses a mask and snorkel to find pieces of gold. (Aaron Guillen/News Staff)
Hitting the jackpot: Sooke man finds niche audience by gold-panning on YouTube

Paul Laroche, 29, with over 215,000 subscribers, opens up about his journey

Felix Townsin, shown here with his sister, Lexi, who died on Oct. 19, 2019. Felix is a big part of a family initiative aimed at finding a cure for Blau Syndrome. (Photo contributed by the Townsin family)
Quest to cure Blau syndrome a family affair

John Stubbs student produces film for late little sister Lexi

An untitled Emily Carr painting of Finlayson Point was donated to the Art Gallery of Greater Victoria by brothers Ian and Andrew Burchett. The painting had been in their family for several decades. (Courtesy of the Art Gallery of Greater Victoria)
Newly public Emily Carr painting depicts well-known Victoria view

Painting among several donated to Art Gallery of Greater Victoria

An incident on Sooke Road is slowing traffic Wednesday evening. (Courtesy of Mona Hazeldine)
Sooke Road incident snarls evening traffic

Witnesses report two-vehicle collision

Provincial health officer Dr. Bonnie Henry updates the COVID-19 situation, B.C. legislature, Oct. 26, 2020. (B.C. government)
B.C.’s COVID-19 case count jumps by 287, another senior home outbreak

Two more deaths recorded, community outbreak in Okanagan

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of Oct. 27

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

MMFN First Nation has said that it will restrict access to portion of Highway 28 that passes through the Nation’s land until a road use agreement is reached. (Black Press file photo)
Vancouver Island First Nation blocks highway access to logging trucks in Gold River

Mowachaht/Muchalaht First Nation restricting access for Western Forest Products pending road deal

100 Mile Conservation officer Joel Kline gingerly holds an injured but very much alive bald eagle after extracting him from a motorist’s minivan. (Photo submitted)
Rescued bald eagle that came to life in B.C. man’s car had lead poisoning

Bird is on medication and recovering in rehab centre

The B.C. Centre for Disease control is telling people to keep an eye out for the poisonous death cap mushroom, which thrives in fall weather conditions. (Paul Kroeger/BCCDC)
Highly poisonous death cap mushroom discovered in Comox

This marks first discovery on Vancouver Island outside Greater Victoria area

Cowichan Search and Rescue set up near the Silver Bridge in Duncan on Wednesday morning, Oct. 28, 2020 to rescue a dog from the Cowichan River. (Citizen file)
Cowichan Search and Rescue save dog from icy Cowichan River

Search and Rescue’s swiftwater team was called in

Premier-elect John Horgan and cabinet ministers are sworn in for the first time at Government House in Victoria, July 18, 2017. (Arnold Lim/Black Press)
Pandemic payments have to wait for B.C. vote count, swearing-in

Small businesses advised to apply even if they don’t qualify

A raccoon paid a visit to a Toronto Tim Hortons on Oct. 22, 2020. (shecallsmedrew/Twitter)
Who are you calling a trash panda? Raccoon takes a shift at Toronto Tim Hortons

Tim Hortons said animal control was called as soon they saw the surprise visitor

Most Read