Only 16 per cent of businesses were confident in B.C.‘s restart plan, and 47 per cent were not
A woman paints a mural on the boarded up windows of a closed Gastown business in downtown Vancouver on April 19, 2020.The latest survey of businesses in British Columbia reveals few are confident the province’s $1.5-billion recovery plan will help them survive or succeed.
Two-thirds of those surveyed were relying on some form of government support and owners were braced for a “second wave” of shutdowns or other problems if programs expire too quickly. Owners say payroll and wage supports must remain key components of B.C.‘s recovery plan, along with fee and tax cuts.Bridgitte Anderson, president and CEO of the Greater Vancouver Board of Trade, says business viability hinges on those measures.
“A bold economic recovery plan that helps small businesses compete is non-negotiable for a prosperous B.C., and when small businesses thrive so do communities and people,” Litwin said in a statement.“Governments must keep focused on delivering their recovery plans swiftly.”
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