BC's Minister of Jobs, Economic Recovery and Innovation has agreed to extend the application deadline for the Business Recovery Grant from March 31 to Aug. 31.
The Hon. Ravi Kahlon spoke to Chamber members on Feb. 18 as part of our Business Restart Series with provincial ministers. At that time, he said he was listening to businesses and would adjust the program to ensure pandemic relief was available.
As well, businesses are required to demonstrate a 30% revenue loss in any one month between March 2020 to the point of application. That's significantly lower than the previous requirement of at least 70% revenue loss in March or April 2020.
The $345-million program provides fully funded grants to businesses that employ up to 149 BC residents. Grants can be up to $30,000, with an additional $15,000 available to tourism-related businesses.