Small businesses play a crucial role in the prosperity of British Columbia's economy. However, one persistent challenge they face is dealing with the aftermath of crime and vandalism, which can lead to increased costs and hinder growth. Acknowledging this concern, the provincial government is stepping up to support these businesses with a much-needed financial boost.

Brenda Bailey, the Minister of Jobs, Economic Development, and Innovation, highlighted the significance of small businesses in the province and emphasized the need for collective efforts to maintain a strong economy. Recognizing the burden borne by business owners when grappling with vandalism-related expenses, the government is taking action by introducing a new funding initiative.

Launching in the fall of 2023, the $10.5-million Securing Small Business Rebate Program aims to help small businesses recover costs incurred due to property damage caused by criminal activities. Furthermore, it will assist businesses in recouping expenses invested in preventative measures to deter future vandalism.

The program will operate on an application basis and will be retroactive to January 1, 2023. This means businesses can apply for compensation for expenses related to repairs resulting from vandalism and also claim financial support for their vandalism prevention measures.

Under this program, eligible prevention measures may include installing security cameras or gates, while costs incurred for cleaning graffiti and repairing broken glass will be considered for vandalism repair criteria.

Carol Lee, the owner of Chinatown BBQ, expressed her understanding of the complexities surrounding crime issues, especially in downtown areas like Vancouver. While efforts are being made to address the root causes of crime, the introduction of new funding to cover vandalism costs is seen as a significant step to support businesses and allow them to continue serving their communities.

The BC Chamber of Commerce also welcomed the announcement, acknowledging the rising costs for repairing damages caused by vandalism and the proactive measures taken by many business owners to protect their assets and maintain safe environments for their staff and customers.

To ensure smooth access to the funding, information on how businesses can apply for assistance will be made available in the fall. Local chambers of commerce, boards of trade, and business improvement areas will actively communicate the application process, enabling business owners to secure funding as soon as possible.

The Securing Small Business rebate program complements the Province's broader efforts to create safe and healthy communities through the Safer Communities Action Plan. By strengthening enforcement and leveraging mental-health and addiction services, the government aims to foster an environment that facilitates business growth and community well-being.

Supporting small businesses forms a pivotal part of the StrongerBC Economic Plan, which strives to address present challenges while fostering an innovative and inclusive economy for all residents of British Columbia.

If you want to learn more about the StrongerBC Economic Plan and the Safer Communities Action Plan, visit the links below:

Learn about the StrongerBC Economic Plan: https://strongerbc.gov.bc.ca/economic-plan

Learn more about the Safer Communities Action Plan: https://strongerbc.gov.bc.ca/safer-communities