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

Environment Canada has issued a snow warning for the Kootenays on Friday. File photo
Environment Canada issues snow warning for Friday

Two-to-10 centimetres is expected to fall

Brody Peterson told The Gazette he intends to dispute tickets issued by Grand Forks RCMP at his backyard “house warming” Saturday, Oct. 10. Photo: Laurie Tritschler
Homeowner intends to dispute COVID tickets after backyard party near Grand Forks

Brody Peterson said bands that played at his home shut down before the 11 o’clock cut off

A glimpse of some of the 480 (approx) cars written off as a result of the acid spills along the Trail highway in 2018. Photo: Trail Times
Trail Ford dealer’s frustration grows with ICBC

Trail AM Ford owner Dan Ashman says he just wants fair compensation from ICBC

The fire department will train five more members in the coming months. Photo: Ootischenia Fire Department
New faces coming to the Ootischenia Fire Department

The department has already received numerous firefighting applications

sign
Expect traffic delays Thursday as city works on smoothing Columbia Avenue railroad crossing

The Columbia Ave. and 17th Street railroad crossing has frustrated drivers for quite some time

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

RCMP. (Phil McLachlan - Black Press Media)
British Columbia man dies during ski trip near glacier west of Calgary

Kananaskis Public Safety and Alpine Helicopters responded around 2:30 p.m.

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Prime Minister Justin Trudeau arrives on Parliament Hill in Ottawa on Monday, Oct. 19, 2020, following a week-long break for the House of Commons. THE CANADIAN PRESS/Sean Kilpatrick
One crisis after another for Trudeau since last federal election one year ago

It has been a year of unprecedented calamity and crisis

Rio Tinto Alcan’s aluminum smelter at Kitimat competes against producers in the Middle East and Russia that have no carbon tax. (Rio Tinto)
B.C. carbon tax highest in Canada, export industries unprotected

B.C. NDP, B.C. Liberals say they’re looking at exemptions

(Pixabay)
Vancouver teacher suspended after swearing, touching students and complimenting underwear

McCabe touched students, including rubbing their backs and necks, touching their hair and hugging them

Jack Vellutini, 100, is still making sweet music. Photo: Submitted
Music stirs memories as Trail serenader nears 101st birthday

Jack Vellutini gave his brass instruments to Trail up-and-comers so the legacy of music can live on

Most Read