If you are a small-medium sized business that is considering entering or expanding in the digital economy then this is the place for you!

The Digital Economy Response Program: (DER3) is a free service supported by Island Coastal Economic Trust (ICET) and powered by Innovation Island Technology Association (IITA). The program is open to individuals or businesses living or working on Vancouver Island, north of the Malahat, on the Sunshine Coast, or Gulf Islands. DER3 offers one-to-one business and technical consultations for businesses that are considering entering or expanding their online presence or putting technology-based tools in place to better serve their needs. When required, the program will also match businesses with regional service providers who can deliver contracted solutions. Register here

Tech Co-op Grants Program: Need talent?  Get up to $20,000 per year in funding to hire co-op students.  Innovate BC’s grant program is open to tech based companies and non-tech organizations looking to grow their innovation footprint.  Visit here for program eligibility.
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Below you will find recent announcements, updates and resources to support business April 24 to 30, 2020
Please note links and information are changing frequently.  Check your resources often and revisit links to view updated information.

Federal Government Support

  • Canada Emergency Commercial Rent Assistance for small businesses: The federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. This program will lower rent by 75% for small businesses, not-for profits and charities that have experienced hardship during April, May and June. The program will be administered through landlords who enter into an agreement with their tenants to lower rents by 75%. The federal and provincial government will cost share 50% of the cost through a forgivable loan to landlords, while landlords cover the remaining 25%. Eligibility: Impacted small business tenants are businesses paying less than $50,000 per month in rent and who have temporarily ceased operations OR have experienced at least a 70% drop in pre-COVID-19 revenues.  This support will also be available to non-profit and charitable organizations. It is expected CECRA will be operational by mid-May.
  • Canada Employment Wage Subsidy (CEWS) opens for applications April 27, 2020: The Government of Canada has opened applications for the Canada Emergency Wage Subsidy program, a 75% temporary wage subsidy for businesses impacted by COVID-19. The first payments are expected to be processed on May 7th. Employers can apply for the CEWS through My Business Account or through the CRA’s online application portal, and their representatives can apply through Represent a Client.
  • Indigenous Tourism Association of Canada Opens Applications for Development Stimulus Fund: This program will assist in providing relief for Canadian Indigenous tourism businesses impacted by travel restrictions and loss of revenue due to COVID-19. Eligibility is restricted to Canadian Indigenous tourism businesses who are at least 51% owned by Indigenous entrepreneurs, communities or economic development organizations. Deadline for applications is 5:00pm PDT, April 30, 2020.

Provincial Government Support

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Road to Recovery

  • Tourism Sector Survey: The Tourism Industry Association of Canada (TIAC) and Destination Canada are working with the federal government to understand impacts on the tourism sector in the face of COVID-19. To help understand the sector’s needs once public health restrictions start to relax and market activity resumes, businesses in the tourism sector are encouraged to complete a brief survey. Complete the survey.

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To keep businesses informed and up-to-date Economic Development Cowichan has compiled a COVID-19 Business Resource guide.   Visit here to view essential links.

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135 Third Street
Duncan, BC
Canada V9L 1R9
[email protected]
T 250.746.7880
TF 1.866.746.2508

Economic
Development
Cowichan

Economic
Development
Cowichan

135 Third Street
Duncan, BC
Canada V9L 1R9
[email protected]
T 250.746.7880
TF 1.866.746.2508