Coronavirus: BC unveils COVID-19 economic recovery plan, spreads $1.5B across sectors | FULL
CA, 18 Sep 2020
British Columbia’s government on Thursday unveiled its wide-ranging economic recovery plan in response to the COVID-19 pandemic, with support for job retraining, a tax break for businesses and funding for a new tourism task force.
About $300 million will go toward small and medium sized business recovery grants, touted to help approximately 15,000 hard-hit businesses. Another $470 million will be put towards a new provincial sales tax rebate on business investments in machinery and equipment.
But the $100 million targeted for the tourism sector falls far short of the $680 million the industry was asking for. The task force, which has a $50-million budget, will develop recommendations on how the sector can be positioned for the 2021 season.
The province has committed $1.5 billion to economic recovery as part of its initial $5-billion COVID-19 relief fund. It has also paired up with the federal government to provide an additional $1 billion for transit and municipalities.
B.C. reported 122 new COVID-19 cases on Wednesday, sending the number of active cases in the province to another new record. Officials reported 1,614 active cases of the virus — double the amount just one month ago.
For more info, please go to https://globalnews.ca/news/7341361/bc-covid-19-pandemic-recovery-plan-horgan/?utm_source=site_banner_persistant
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#BC #Coronavirus #COVID19 #GlobalNews