B.C. funds earmarks $120M to assist tourism sector recuperate

BC provides $ 120 million in new funding for the pandemic– corrupted tourism industry in its 2021 budget.

On Tuesday, the government announced that $ 20 million of this money will be used to expand the existing community destination development program to fund new tourist infrastructures such as hiking trails or airports.

The remaining $ 100 million has not yet been allocated to specific projects, but the province said it will aim to support “major anchor attractions” that are drawing visitors to BC

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The BC budget provides nearly $ 6 billion for COVID support and projects a deficit of $ 8.1 billion

“We continue to work with them to find out how best to meet their needs,” said Treasury Secretary Selina Robinson.

The grants lacked any new money for the restaurant and hospitality sector, which saw restrictions on indoor eating extended through the long weekend in May On Monday.

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BC NDP presents budget in light of pandemic financial uncertainty

BC NDP presents budget in light of pandemic financial uncertainty

The province announced $ 50 million for these companies Earlier this month, and Robinson said the province will have more to say about the industry in “the coming days.”

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The budget also included continued funding for existing COVID-19 business grants, including $ 195 million for the small and medium-sized recovery grants.

The total budget for this program, which helps offset fixed costs like rent, diversify services, improve buildings, or go online, remains unchanged at $ 345 million.

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BC is increasing welfare rates and making transit free for children in the 2021 budget

The program has been optimized to improve access and extend authorization.

The budget continues to fund the $ 150 million tax credit for increased employment incentives previously announced under the StrongBC Economic Recovery Plan.

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The credit is valid for companies that increased their payroll by hiring or increasing their payroll in the last quarter of 2020.

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The Vancouver Aquarium was sold to US attractions and tourism companies

Vancouver Aquarium sold to US attractions and tourism companies

A PST exemption for certain machines and devices for businesses panning due to the pandemic will also be extended.

The budget recovery aspect was rated “B” by the Greater Vancouver Board of Trade. The government relied heavily on previously announced measures and did not offer anything new to companies affected by recent breaker restrictions.

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However, it was also found that “significant amounts of money” are not allocated in the plan.

The 2021 budget includes $ 3.25 billion in emergency COVID-19 funding, of which $ 1.1 billion will be available for unexpected expenses in the coming year.

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