Support for COVID-19 Impacts

To help small business in the Basin, the Trust will:

• provide low interest working capital loans to help businesses meet immediate needs 
• increase the number of small businesses that can receive wage subsidies to hire students 
• increase support to unemployed and underemployed individuals, including people who are self-employed or who have been temporarily laid off 
• increase the resources available through the Basin Business Advisors program, including helping businesses become more tech-savvy 
• provide low interest loans for working capital and equipment to help food producers expand operations
• provide a new Basin Food Producer Wage Subsidy for primary food producers that are increasing production due to the pandemic, to help them hire workers throughout the growing and harvesting season.
• increase supports for businesses currently participating in the Basin RevUp program
• providing a loan payment holiday to investment and economic development clients and being open to discussing other changes to existing arrangements
• increase the support available through the Impact Investment Fund

We are providing funding to community organizations that provide direct services to those most vulnerable to the impacts of COVID-19 and those organizations that are helping Basin residents meet their basic needs.

This includes First Nations communities, Métis associations, food banks, local farmers’ markets, food recovery programs, community social service agencies, child care operators, housing societies, and hospices in the Basin. Through this support, these organizations have been able to adapt physical spaces to COVID-19 service delivery requirements and adapt how they work to offer new or enhanced service delivery expenses to help residents

All other non-profit organizations should connect with the Non-Profit Advisors program. Resources specific to COVID-19 have been added to help non-profit leaders during this extraordinary time.

To continue to support the region while meeting public health requirements, the Trust has:

• postponed its public engagement process to renew its strategic plan
• closed each Trust office to the public
• ensured staff can work remotely to support communities and residents
• communicated with the people and organizations it works with about support like the following:
  • enabling grant recipients to be flexible on reporting requirements, while ensuring the Trust still provides payments as usual
  • extending program deadlines to allow more time for community organizations to respond
  • helping program partners explore ways to engage virtually
  • providing a loan payment holiday to investment and economic development clients and being open to discussing other changes to existing arrangements
  • targeted Trust support for colleges in the region to assist students experiencing financial hardships
  • offering internet customers of the Trust’s Columbia Basin Broadband Corporation a free increase in bandwidth in recognition of temporarily increased connectivity needs
  • Columbia Basin Broadband Corporation is helping internet service providers enhance high-speed internet to Basin communities, complementing support recently announced by the provincial government
  • increasing resources available through the Non-Profit Advisors Program to ensure non-profits can access guidance to address operational and organizational challenges arising from COVID-19