Rural and Business Community Recovery (RBCR) Program
Even with BC’s restart plans underway, your business may still need a hand recovering from the pandemic. We can help.
The Nelson and District Chamber of Commerce, its board and our partners commend the region’s business community for its resilience through these remarkably challenging times. We also understand that recovery is going to take some more work.
Here for you from the pandemic’s start, the Chamber can help your business overcome hurdles like decreased profitability, debt load, reduced capacities, staffing shortages and the need for additional rent/mortgage assistance. We can also help you work within the amount of time left for programs that your business has been relying on.
Here’s a quick overview of the resources still being offered by government and community development agencies. You may already know about these.
If not, there are details on 29 grant and loan programs on the opposite page, plus a direct contact for advice on how to get started, and tips that’ll make the application process easier.
If you’re already up to speed on the programs being offered, the Chamber wants to know which of them are working for you, and what you need going forward.
As the representatives for all the business sectors of Nelson and its surrounding communities, we’ll take your input and concerns to the right level of government, and advocate for change.
Need a hand navigating it all? We can connect you with the Nelson and District Chamber of Commerce Business Recovery Advisor, or others who’ll have the answers.
Business Recovery Assistance Survey
Help us now. So we can help you: There’s a vital Business Recovery Assistance survey at this link — www.surveymonkey.com/r/CGQP758. It’ll only take 10 minutes. Or call us and we’ll fill it out with your input. Your feedback is confidential.
Basin Business Advisors Program (BBA) Supports entrepreneurship and builds economic capacity in Basin communities by helping with resource and support programs, reviewing cash flow and budgeting, marketing, online selling, and pivoting businesses, farm and agri-food operations and social enterprises. futures.bc.ca/crrt-digital-support/
Regional Relief and Recovery Fund (RRRF) — Three options – PROGRAMS CONCLUDED For businesses affected by the pandemic that have been rejected by or were unable to access other federal pandemic support programs, or that continue to have liquidity needs.
7a. Community Futures Stream Interest-free loans up to $60,000, with up to $20,000 forgivable if repaid by December 31, 2022, to small and medium size businesses in rural communities. www.futures.bc.ca
7b. Women’s Enterprise Initiative Stream Interest-free loans up to $60,000, with up to $20,000 forgivable if repaid by December 31, 2022, to women-owned or women-led businesses. www.womensenterprise.ca
7c. Small and Medium Sized Business Stream Interest-free repayable contribution of up to $60,000 for businesses outside of the Community Futures network, not women-owned or women-led, that are ineligible for Canada Emergency Business Account (CEBA) www.wd-deo.gc.ca
Highly Affected Sectors Credit Availability Program (HASCAP) Business Development Bank of Canada loans for small and medium-sized businesses that have seen their revenues decrease by 50% or more. Extended from June 30 to Dec. 31, 2021. www.bdc.ca/en/special-support/hascap
Support for Women Entrepreneurs Vancity Unity Women Entrepreneurs Program Loans of up to $100,000 to women entrepreneurs who have been in business for more than a year, possible $20,000 line of credit for those operating more than six months. www.vancity.com/unity-women-entrepreneurs-program
Support for Indigenous Businesses – PROGRAM CONCLUDED Indigenous Business Initiative (Proposed extension until June 30 2021)
Small and medium-sized Indigenous businesses may qualify for funding up to $60,000 including interest-free loans up to $40,000 and non-repayable contributions up to $20,000.
Support for Indigenous Community-Owned Businesses
First Nation, Inuit and Metis communities and collectives can apply on behalf of businesses for non-repayable contributions to cover specific business costs. sac-isc.gc.ca/eng/1596809415775/1596809469296
Tourism Relief Fund – NEW The Tourism Relief Fund, administered by Canada’s regional development agencies and Innovation Science and Economic Development Canada (ISED), supports tourism businesses, non-profits, and organizations to adapt operations to meet public health requirements while investing in products and services to facilitate future growth. Program open now. Expires March 2023 or until funds have been utilized. Tourism Relief Fund in Western Canada (wd-deo.gc.ca)
Canada Recovery Hiring Program – NEW
Enables businesses to hire workers they need to recover as local economies re-open. The CRHP supports payroll as businesses grow, whether related to hiring staff, increasing shifts or increasing pay. Unlike the Canada Emergency Wage Subsidy (CEWS) — designed to help employers keep workers — CRHP is designed to encourage businesses to (re)hire and grow as the economy recovers.
KCDS Virtual Hiring Supports Helping digitally enabled business models transition to virtual recruitment, with a full suite of virtual hiring services designed to streamline the online recruitment process.
Launch On-line Grant Funding to B.C.-based business to create an online shop or booking system and/or improve their existing online operations to attract new local customers and expand to new markets www.launchonline.ca
BC Marketplace The Nelson and Area Economic Development Partnership has been working with getting more businesses on. There are business directories on the Chamber Discovernelson website and Nelson Kootenay Lake Tourism and this On-line marketing program from Small Business BC helps businesses reach new audiences by creating their own business profile for free. www.marketplacebc.ca
Covid Rapid Response Team / Digital Footprint Community Futures central Kootenay program available to help Nelson and area businesses and entrepreneurs improve their digital footprint, social media, search engine optimization, etc during the pandemic. https://futures.bc.ca/crrt-digital-support
Canada Digital Adaptation Program (proposed only)
Providing small businesses with access to digital trainers and micro-grants to offset the cost of going digital. Financing for technology adoption through the Business Development Bank of Canada.
Export Navigator Your market just got bigger! Grow your business beyond BC with one-on-one business support. A program administered through Community Futures. https://exportnavigator.ca/
NEED HELP? CALL US.
Nelson & District Chamber of Commerce
Economic Recovery Line
Call: 1.877.952.6200 or 250.352.6200
RESOURCE GUIDE FOR SMALL BUSINESS RESILIENCY
The BC Chamber of Commerce launched the pan-provincial Resource Guide for Small Business Resiliency – a live resource to support businesses across the province in their navigation and recovery of the COVID-19 pandemic and BC’s Restart Plan.