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The federal government announced last week a 75% wage subsidy – an increase from the initial 10% offered – as well as $40,000 business loans to assist with cash flow, but the details of how businesses can start getting that money have yet to be released. That has the Business Council of British Columbia urging Prime Minister Justin Trudeau to get the money flowing sooner rather than later.
“Speed and efficiency in implementing government actions to support supply chain resilience, provide access to credit and reduce the tax and regulatory cost burdens that combined are vital to successfully emerging into the vastly different world we will inherit post the COVID-19 pandemic,” said Greg D’Avignon, President & CEO, Business Council of British Columbia.
