Business Resources for COVID-19 from BC Chamber
In the last two days, BC Chamber of Commerce received over 2300 responses to the chamber network’s COVID-19 Business Impacts Survey on BCMindReader.com. These were the resources gathered to help address some of the challenges that came up as a result.
Above all else, business are asking government for three things:
Over the weekend we took your feedback to government. They are working to remove red tape and get cash flowing to the business community.
- To work with banks and lending institutions to offer zero-interest loans, loan guarantees, or lines of credit
- To be more flexible around timelines for tax remittances
- To enhance EI access or wage replacement for employees
In the meantime, some immediate measures have been announced to assist with your liquidity, operational concerns, and business continuity plans.
Our network has compiled a list of these measures on the BC Chamber of Commerce website, will update this on a regular basis.
Here is a sample of what you’ll find there:
Please reach out to Cranbrook Chamber of Commerce if you have any questions.
- BC Hydro: The COVID-19 Customer Assistance Program provides the option to defer bill payments or arrange for flexible payment plans with no penalty. Call BC Hydro's customer team at 1 800 BCHYDRO (1 800 224 9376) to discuss options.
- CMHC is working to address mortgage payment difficulties. They’ve said on twitter that they are collaborating with lenders to allow payment deferral of up to six months.
- Export Development Canada (EDC). In partnership with the federal government and Canadian banks, EDC will ensure customers impacted by COVID-19 have access to credit.
- Business Development Bank of Canada (BDC) has resources available including: