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B C eases requirements for struggling businesses applying for grant funding - BC News

B C eases requirements for struggling businesses applying for grant funding - BC News
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B C eases requirements for struggling businesses applying for grant funding

B.C. eases requirements for struggling businesses applying for grant funding by The Canadian Press Last Updated Dec 21, 2020 at 2:58 pm EDT VICTORIA British Columbia government has loosened eligibility requirements for small and medium-sized businesses applying for grants to survive the COVID-19 pandemic. Ravi Kahlon, the minister of jobs and economic recovery, says businesses must show a revenue drop of 30 per cent instead of 50 per cent since March as part of the criteria to qualify for grants from $10,000 to $30,000. He says tourism businesses will now be eligible for up to $45,000 in non-repayable grant funding, and the tourism minister will announce more supports for the sector on Tuesday.

B C eases requirements for struggling businesses applying for grant funding | iNFOnews

December 21, 2020 - 11:46 AM VICTORIA - British Columbia government has loosened eligibility requirements for small and medium-sized businesses applying for grants to survive the COVID-19 pandemic. Ravi Kahlon, the minister of jobs and economic recovery, says businesses must show a revenue drop of 30 per cent instead of 50 per cent since March as part of the criteria to qualify for grants from $10,000 to $30,000. He says tourism businesses will now be eligible for up to $45,000 in non-repayable grant funding, and the tourism minister will announce more supports for the sector on Tuesday. Kahlon says businesses previously had to be operating for three years in order to get funding, but that requirement has been reduced to 18 months.

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