Small businesses in my Vancouver East riding are calling on your government to extend the Canada Emergency Business Account (CEBA) loan repayment deadline, a measure which my New Democrat colleagues and I absolutely agree is a necessary measure.
The evidence is clear: according to your own government’s numbers, as of February 2023, fewer than 15% of all businesses who sought relief from CEBA loans had repaid the loan in full. The repayment date must be extended to ensure that small business owners have a fair chance to receive the benefits of the loan forgiveness and interest relief provisions of the loan.
Here in Vancouver East, and indeed across British Columbia, the health of small businesses is a primary determining factor in the health of our economy. 98% of all enterprises in BC are self-employed or small- to-medium businesses with fewer than fifty employees. One in ten people in our province are entrepreneurs. Small business is what business looks like in BC.
City TV NEWS: Rally outside Vancouver college protests sudden termination of key English program
Dozens of students and instructors gathered at Vancouver Community College (VCC) Tuesday to protest the unexpected shutdown of the Language Instruction for Newcomers to Canada (LINC) program.
LINC, which has helped thousands of immigrants learn English, secure jobs, and work toward citizenship, is set to be terminated at the end of March due to federal funding cuts.
The move has left over 800 students without a clear path forward and more than 30 instructors without jobs.
“We found out just before winter break, and this was the first opportunity to get people together to raise spirits, because people have been really down.” said Frank Cosco, president of the VCC Faculty Association.