On September 17, 2020, the provincial government released Stronger BC for Everyone: BC’s Economic Recovery Plan. The plan includes $1.5 billion of funding to support businesses, job creation, community development and healthcare improvements.
- $300 millions in grants ranging from $10,000 to $30,000 for small and medium-sized businesses (between 2 to 149 employees) that have experienced significant and ongoing declines in revenues (tourism businesses will be eligible for up to $40,000).
- A 15% refundable tax credit on eligible new payroll between October to December 2020, encouraging employers to hire more workers and/or increase salaries for low to middle-income employees.
- A 100% PST rebate on select machinery and equipment purchased between September 17, 2020 to September 30, 2021.
- A new $500 million investment fund to help small and medium-sized businesses scale up.
- $100 million for tourism infrastructure, development initiatives, and marketing, including $50 million to facilitate the recommendations of a new tourism task force dedicated to positioning BC's tourism industry for 2021 and beyond.
- Grants to bolster growth and innovation in BC agri-tech.
- Scheduled carbon tax increases will be deferred until April 1, 2021.
Job Creation and Skills Training
- $20 million for targeted and short-term skills training programs for high-demand jobs, such as frontline health, childcare and human services.
- $15 million to expand Indigenous skills training and education programs, helping Indigenous communities access new employment opportunities.
- Accelerating the creation of 1,200 affordable childcare spaces so that more parents can return to work.
- Stimulating the creation of high-paying, clean-tech jobs through a new Centre for Innovation and Clean Energy.
- Grants for non-profit organizations that hire individuals living with disabilities and facing barriers to employment.
- $375 million for local government services and community infrastructure projects, including $100 million in grants for shovel-ready projects.
- Over $1 billion in provincial and federal investments towards public transit.
- $540 million in federal and provincial funding for muncipalities to deliver essential services and address local challenges worsened by COVID-19.
- Investmentin bringing high-speed internet connectivity to rural and remote communities.
- Over $45 million to help schools keep staff and students safe during the pandemic.
- Over 7,000 new frontline healthcare workers will be hired, including thousands of care aides in long-term care homes and 600 contact tracers to help manage and stop the spread of COVID-19 in the community.
- Increased support for mental healthcare in the workplace.
- A new Hospital at Home initiative allowing patients to receive medical services in their own home.