Premier announces StrongerBC - an economic recovery plan

Premier John Horgan says four main thrusts will strengthen British Columbia.

On Thursday, Horgan announced B.C.'s Economic Recovery Plan, titled StrongerBC. The plan focuses on four main areas: better health care, getting people back to work, supporting businesses, and building stronger communities. 

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"Lives have been saved as a result of the sacrifices made by British Columbians," Horgan said. "We are far from out of the woods and it's time to double down and protect the lives of ourselves, our families and others."

The plan will see $1.5 billion go towards helping British Columbians get back on their feet and increase the strength of the economy. There will be a recovery grant for small and medium sized businesses. Grants of up to $30,000 will be given (tourism businesses can receive up to $40,000) and this will supprt 200,000 jobs.

In addition to the recovery grant, the B.C. Increased Employment Incentive is a refundable tax credit for employers to encourage the creation of new jobs and hiring of workers, and to increase salaries of low-to-medium income employees who were kept on staff.

Horgan introduced the B.C. PST Rebate on Select Machinery and Equipment, a temporary provincial sales tax program allowing corporations to receive a rebate on all PST payed to purchase qualifying equipment between September 17 and September 30, 2020.

The government is creating a large number of jobs to help with those unemployed and to help stimulate the economy. Among those jobs that will be created are more than 1,000 jobs protecting natural spaces, 600 new jobs for contact tracers, and 500 jobs in wildfire protection. 

To increase the government's healthcare program, and to help get people back to work, B.C. will be creating 7,000 health care jobs, as well as free training.

These are just a few of the programs mentioned in the conference and laid out in the Economic Recovery Plan. For everything included in StrongerBC, go here


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