(Marissa Tiel/Campbell River Mirror)

North Island MP calls for a funding program fix for local businesses

MP Rachel Blaney calls on ministers to urgently fix programs that are leaving behind local businesses in remote and rural communities

North Island-Powell River MP, Rachel Blaney, has called upon ministers to further review funding programs to better support local businesses from rural and remote communities.

In a letter addressed to Minister of Finance, Bill Morneau, and Minister of Small Business, Mary Ng, Blaney highlighted issues that need to be tackled for more businesses to survive the pandemic.

Blaney highlighted these issues based on feedback from mayors, regional districts and chiefs of communities around her riding such as Alert Bay, Zeballos, Sayward and Port Hardy to name a few.

She said that local businesses that provide critical services in rural and remote communities and are managed by sole proprietors have been “left behind” to “struggle and go under.”

Blaney said that businesses in her constituency are not getting the financial “support they need” and implored ministers to ensure that “funding is dispersed with a renewed sense of urgency.”

“The frustration for me, is that these are the smallest, most vulnerable businesses that don’t have time and don’t have the financial capacity to hold off and wait.”

And since most of these businesses are running against time, Blaney said that she would like to see funding to flow “a lot more quickly and more effectively.”

Blaney’s letter states that issues with eligibility criteria for the Canada Emergency Business Account (CEBA), Canada Emergency Wage Subsidy (CEWS) are ruling out many small businesses who rely mostly on contract labour, or whose proprietor is paid dividends rather than a wage.

Further on, business owners are encountering additional barriers to the Business Credit Availability Program (BCAP) imposed by banks that were not part of the government requirements.

Based on feedback and experiences of constituency members, Blaney said that the Canada Emergency Commercial Rent Assistance (CECRA) has a very high threshold of 70 per cent revenue loss with no support for those with slightly less losses and no clarity for landlords who own the property outright.

She also pointed out that the Regional Relief and Recovery Funds (RRRF) is yet to be rolled out in many communities.

READ ALSO: Rachel Blaney among MPs working to implement virtual parliament

READ ALSO: MP Rachel Blaney happy with federal funding revisions for small busineses

Coronaviruseconomy

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Campbell River RCMP describe violent incident as ‘disturbing event’

Skatepark incident described by RCMP as ‘violence for violence[’s] sake’

North Island area timber supply under review

Review will inform annual cut for the next ten years

Campbell River homelessness groups prepare for winter in a pandemic

Winter presents unique challenges to people experiencing homelessness this year

The secret life of tadpoles

Vancouver Island photographer Maxwel Hohn’s documentary traces the ‘big little migration’ of western toad tadpoles

VIDEO: B.C. to launch mouth-rinse COVID-19 test for kids

Test involves swishing and gargling saline in mouth and no deep-nasal swab

Record-breaking 165 new COVID-19 cases diagnosed in B.C. in 24-hour period

Fifty-seven people are in hospital battling the novel coronavirus

B.C. teachers file Labour Relations Board application over COVID-19 classroom concerns

The application comes as B.C.’s second week of the new school year comes to a close

Young Canadians have curtailed vaping during pandemic, survey finds

The survey funded by Heart & Stroke also found the decrease in vaping frequency is most notable in British Columbia and Ontario

Long-term care need pressuring acute care in Comox Valley, Strathcona

Region could use a couple of large facilities for seniors on the north part of the Island

B.C.’s COVID-19 economic recovery plan: Top 5 things you need to know

Jobs training, tax incentives for employers to hire staff and more

March to protect old growth, stop industrial logging coming to B.C. Legislature

Organizers say they want to give frontline communities a bigger say in nearby logging

B.C. releases details of $1.5B economic recovery plan, $660M in business tax incentives

Economic plan includes support for employers, as well as training for workers

Most Read