Supporting B.C. businesses

B.C. entered the pandemic as an economic leader in Canada. Our plan builds on B.C.’s core economic strengths and introduces new supports to help businesses reopen, adapt, hire, and grow. Extra supports include a new Small and Medium Sized Business Recovery Grant and incentives to hire more workers.

Helping B.C. businesses hire and grow

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Tax incentives to hire more workers

Encouraging businesses to hire more workers. Businesses will receive a 15% tax credit of the payroll increase.

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100% PST rebate to buy machines & equipment

Providing a 100% PST rebate on select machinery and equipment to help businesses invest in their own growth.

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Small and Medium Sized Business Recovery Grant

Supporting 200,000 jobs in hard hit small and medium-sized businesses with grants up to $30,000. Eligible tourism businesses may receive up to an additional $10,000.

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Agritech grant

Helping B.C. agritech companies grow and turn innovative ideas into jobs.

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Helping B.C. businesses adapt

Helping B.C. businesses build online shops, boost e-commerce operations or increase their digital marketing capacity.

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Manufacturing critical products

Helping businesses adapt to manufacture critical products needed during the COVID-19 pandemic – like protective equipment and sanitizer.

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Encouraging people to buy local

Encouraging British Columbians to support their local businesses and jobs by buying local through a new marketing campaign.

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New food processing locations

Creating new opportunities for food processing businesses by expanding the B.C. Food Hub Network with seven new locations.

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Deferred carbon tax

Deferring the scheduled increase to the carbon tax until April 1, 2021.

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New fund to scale up new B.C. businesses

Launching a new $500 million strategic investment fund — called InBC — to help B.C. businesses scale up. B.C.’s investment will help make sure our talent, intellectual property, and good jobs stay in the province.

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More internet on transport routes

Enhancing internet connectivity along major roads and highways to rural and remote communities.

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Find resources to support your business

B.C. businesses are facing a wide range of challenges. We are continuing to provide supports for businesses affected by the COVID-19 pandemic so they can re-open, adapt and grow.

Find supports