C-19 BULLETIN - April 21, 2020
Survey Finds Almost Half of BC Businesses
Are Not Confident in Ability to Re-open

The latest pulse check survey (released today) conducted by the BC Chamber of Commerce, the Greater Vancouver Board of Trade, and the Business Council of British Columbia, shows the depth of concern that businesses have over the prospect of re-opening should the COVID-19 pandemic continue for the foreseeable future.

Among the key findings:

  • 43% of those surveyed stating they can only continue to operate for up to three months under current restrictions

  • For businesses temporarily closed, only half (53%) expect to re-open once the restrictions are eased on workplace operations, while 38% are unsure, and 8% will not re-open

  • The top operating cost or expenses were wages (64%), followed by rent (54%), taxes (34%), and goods and supplies (32%)

  • Just over half of businesses believe the federal government programs announced to date will be helpful once implemented, but they are not helpful for 33% of businesses, primarily because they do not qualify for any programs or provide enough timely cash flow relief

  • The majority of businesses (58%) are spending 10% or more of operating expenses on rent, with 42% spending 20% or more

  • Businesses with under five employees are least likely (49%) to find federal programs helpful, primarily because they do not qualify

  • Many businesses are not confident in their ability to restart or whether consumers will return. Key challenges to recovery identified are attracting customers/revenue (79%), having enough operating cash (55%), and rehiring staff (28%).

Learn more at:
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Federal Government Update

Today, Prime Minister Trudeau announced that the online application portal to access the  Canadian Emergency Wage Subsidy (CEWS)   will be available on Monday April 27th  on the CRA website:

  • The majority of applications will be processed by May 5th with cash flowing to businesses shortly thereafter.
  • An online calculator has been launched to help businesses determine their eligibility and how much they can claim through the Canada Emergency Wage Subsidy (CEWS).

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Destination Canada has released its preliminary data on the impact of COVID-19 on the Canadian tourism sector. They have also developed scenarios to determine a range of possible impacts:

Baseline Scenario
Traveler spending falls to $54.9 billion in 2020, a 33% drop compared to 2019. 194,000 jobs supported by traveler spending are lost.

Worst-Case Scenario
Traveler spending falls to $34.8 billion in 2020, a 58% drop compared to 2019. 337,000 jobs supported by traveler spending are lost.

Visit the Destination Canada website to learn more:
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ABLE BC Hosting Virtual Happy Hours

Sign-up for ABLE BC Virtual Happy Hour : April 22 from 4:00 pm to 5:00 pm PT

Sign-up for ABLE BC Virtual Happy Hour : April 23 from 4:00 pm to 5:00 pm PT

What is virtual happy hour? 
Grab your favourite drink and join ABLE BC's Jeff & Danielle via Zoom for a one-hour happy hour. Ask questions and share your concerns and thoughts about the current state of the industry - in a casual setting. There will not be a formal presentation. Everyone welcome.
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COVID-19 Business Resiliency Webinars

Wednesday, April 22, 2020 at 1:00PM PT

FridayApril 24 at 1:00PM PT

The webinars will be posted on the GVBOT website and YouTube channel following the broadcast. 
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Small Business BC (SBBC) are hosting a series of specialized free webinars to tackle the challenges faced by COVID-19. These webinars are geared at equipping businesses in our province with the skills and knowledge they need to survive the new realities of our COVID economy.


For information on additional SBBC webinars:
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Our industry is full of innovative, caring and helpful people.
Share your stories with us and we will share them here in our daily bulletin.
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Time to Buy British Columbia!

In a first-ever initiative, BC’s beverage alcohol producers are uniting to ask British Columbians to buy local and support BC-based companies.

Time to Buy BC is a non-political organization made up of small & medium business operators who want to support BC business and protect long term jobs. Today it represents the BC beverage alcohol sector, but in the future could expand to align with any BC business or manufacturer that meets the simple criteria to participate: Be a BC-based business, which locates its activities here in BC, including all management and workers jobs and ensures the income and payment cycle of its BC business adds to our local economy. In these difficult times, we need to support local first.

From its inception, the movement has caught the attention of major industry groups. The Alliance for Beverage Licensees ( www.ablebc.com ) and BC Liquor Stores ( www.bcliquorstores.com ), are in support of this initiative and will promote Time to Buy BC in their stores. The BC Liquor Distribution Branch ( www.bcldb.com ), Rural Agency Store Advisory Society ( www.rasas.ca ) and BC Restaurant and Foodservice Association ( www.bcrfa.com ) have also recognized the importance of this program and have endorsed the campaign.

Saving our local economy is thirsty work but with over 500 local producers, there’s plenty to choose from. Connect on Social: Instagram: @timetobuybc Facebook: /timetobuybc #timetobuybc

For more information please contact  [email protected] or visit: www.timetobuybc.ca
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Hotel Zed offers Self-Contained, Safe Workspaces

Are you starting to go crazy working from home? We are all trying to stay safe and flatten the curve, but some are struggling with their makeshift home offices.

Maybe you're tired of the constant interruptions by your kids, pets or spouses. Or maybe your kitchen table is proving to be an ergonomic challenge on your back. Or your home wi-fi connection isn't cutting it with your back-to-back Zoom calls. Hotel Zed offers a way to help.
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Feel free to send us your ideas on what information would be valuable for TIABC to share through our COVID-19 Bulletin going forward. Drop us a line at [email protected].