The Indigenous Community Business Fund will provide $117 million in non-repayable financial contributions to help support operating costs for First Nation, Inuit and Métis community-or collectively-owned businesses and microbusinesses whose revenues have been affected by the COVID-19 pandemic. The fund seeks to provide support for businesses that do not qualify for other Government of Canada COVID-19 relief measures.
It is intended to relieve financial pressure and allow these businesses and microbusinesses to strengthen operations and support their viability during the pandemic, with the goal of positioning them for recovery.
Stream 2 Now Available Funding will be proposal-based. Applications must be submitted by the community or collectives on behalf of the business. Funding will be transferred directly to communities and collectives. For First Nations and Inuit community-owned businesses, the funding will be administered by Indigenous Services Canada (ISC) regional offices. For Métis collectively-owned businesses, funding will be administered by delivery partners.
The Grand Forks Downtown Business Association (DBA) is proud to announce the “Grand Forks: The Place to Grow Your Business” initiative. In partnership with the City of Grand Forks and other funding partners, the initiative is aimed at recruiting new business to the downtown core of the City. The downtown business community has demonstrated true grit and determination in the face of significant economic disruption over the past few years and is now looking to the future with enthusiasm. The “ Grand Forks: The Place to Grow Your Business ” initiative seeks to continue to build on momentum in the downtown core by offering new businesses the opportunity to have the first six (6) months of their lease paid free.
“We are seeking dynamic, community-oriented businesses that want to work, live and play in a rural community like Grand Forks”, say Alf Him of the DBA, “We are proud of the success our downtown businesses have had despite significant adversity and want to continue to build on this by recruiting new business that will add to the vibrancy, shop local culture, pedestrian-friendly feel of our downtown core”.
Small businesses have faced tough times recently, but there’s something we can all do to help – recommend them! Recommendations are an incredibly valuable way for local businesses to get more exposure and attract new customers. That’s why we’re calling on small business supporters to recommend a business that they love on social media with #MySmallBizReco. Because we all know – where you shop matters.
EMC / BCEDA Briefing Industry Pulse: COVID-19 Impacts and Recovery Steps for Manufacturers
Date: Tuesday August 25th, 2020
Time: 1:00 PM PDT
The global COVID-19 pandemic has decimated our economy and has caused severe disruptions to all facets of life and business. In the early stages, much was unknown and the first reaction to contain the situation was to shut down or curtail activities and contact.
The nature of these impacts on business: from local staffing, safety and physical distancing concerns, to maintaining the ability to meet customer needs, to more global supply chain and export concerns needs to be understood in order to respond effectively. This has been especially challenging for manufacturers.
Where Do We Go from Here?
Over the past several months, EMC has reached out to manufacturers in every province, asking short ‘INDUSTRY PULSE’ questions about the current state of the sector and the impacts this pandemic is having on their business. Response has been tremendous!
Join us for an in-depth briefing on the issues affecting BC’s manufacturing sector, the related impacts throughout Canada and a discussion on the future steps manufacturers firms are seeking to tackle:
Vice President, Manufacturing Sector Performance
Excellence in Manufacturing Consortium (EMC)
Bren de Leeuw
Western Canada Operations / Vice President, Community Partnerships and Stakeholder Relations
BCEDA is continuing to seek success stories to highlight on the Economic Development in Action website. The website is advertised internationally and used as a tool to market your community and attract international investors. Economic Developers can use the website to collaborate on ideas and gain inspiration from others. We a looking for a brief summary of your successful projects, partnerships and initiatives.