Cultus Lake Waterpark and adjacent Adventure Park have reopened on a limited basis, while some tourism businesses are more dependent on out-of-province visitors. (Cultus Lake Waterpark)

B.C. tourism industry seeks nearly half of COVID-19 recovery fund

Finance Minister has $1.5 billion to share in September

Tourist-related businesses have taken the worst effects of B.C.’s COVID-19 control measures, and they are asking for $680 million of Finance Minister Carole James’ $1.5 billion recovery fund to help them survive.

In a submission to the B.C. government released July 21, the Tourism Industry Association of B.C. notes that tourism is “the only industry almost entirely based on the discretionary movement of people,” with most of the sector shut down by federal and provincial government orders.

“The only way we can prevent generations of lost economic activity, jobs and tax revenues is by acting decisively now, with innovative and creative solutions that recognize the importance of this sector, which is the face and brand of British Columbia to the world and one of the strongest drivers of the B.C. economy,” said Vivek Sharma, chair of the TIABC.

James has indicated that the $1.5 billion recovery fund, part of the $5 billion borrowed to deal with the pandemic this spring, will be allocated in September. An online survey looking for public input wrapped up July 21, and business sector meetings will carry on for the rest of the summer.

RELATED: ‘We’re on the edge’ with 102 new COVID-19 cases

RELATED: Cruise ship cancellations have significant impact

TIABC is proposing a $475 million “working capital recovery grant” as the main strategy, to help tourism businesses return to profitability within 18 months. It would include low- or no-interest loans with extended repayment periods to bridge businesses as out-of-province tourism resumes on an uncertain timetable.

An additional $190 million is requested for adaptation costs, to help deliver tourism experiences with virus protection. Another $15 million is requested for B.C.-focused supply chains for accommodation, attractions, transportation, food services and retail.

TIABC reports the tourism sector had revenue of $20.4 billion in 2018, with 19,300 businesses and direct employment of 160,000 people.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislatureCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. mogul sells Naikoon properties to parks system in $1 million deal

NIHO founder Rudy Nielsen sells 320 acres to BC Parks; Ministry statement expected in ‘coming months’

B.C. premier ‘not going to be apologetic’ about closure of Haida Gwaii fishing lodges

Horgan says ‘public health takes the priority’ over business in implementation of travel restriction

Regional district proposes closure of unmonitored recycling bins, new depot for Masset

Proposed updates to Solid Waste Management Plan aim to reduce waste on Haida Gwaii, save money

Rainmakers of Haida Gwaii set to perform for Special Woodstock

20th festival will feature musicians with special needs and other bands from around the world

Boon Docs comics illustrate Haida Gwaii health staff ‘Behind the Mask’

Family doctor and cartoonist Caroline Shooner shares inspiration for new comic series

371 British Columbians battling COVID-19, health officials confirm

Thursday (Aug. 6) saw a second straight day of nearly 50 new confirmed cases

Canada vows retaliatory measures as Trump restores tariff on Canadian aluminum

The new Canada-United States-Mexico Agreement that replaced NAFTA went into force on July 1

Canada ‘profoundly concerned’ over China death sentence for citizen in drug case

Police later confiscated more than 120 kilograms of the drug from Xu Weihong’s home

Answers to 5 common questions facing families for the COVID-19 school year

COVID-19 protocols are likely to vary even more at the school board level, and even and school-to-school.

Visitors and non-residents entering closed remote B.C. First Nation’s territories

With limited resources, they say they don’t have any authority or power to enforce the closures

UBC loses appeal on Fisheries Act convictions

BC Supreme Court upholds order to pay $1.55-million fine

Masks to be mandatory on BC Transit, TransLink starting Aug. 24

Both BC Transit and TransLink made the announcement in separate press releases on Thursday

Acclaimed B.C. actor Brent Carver passes away

Carver, one of Canada’s greatest actors with a career spanning 40 years, passed away at home in Cranbrook

Most Read