Community Support & Recovery Plan

Supporting our Business Community

On May 5, City Council approved a Community Support and Recovery Plan (CSRP), that includes immediate relief for taxpayers and a recovery fund to address the pandemic’s short- and long-term financial impact on all sectors of the community. It includes:

• Deferring 2020 utility and property tax deadlines for all property types to Sept. 30;

• Designating $5-million to implement a response plan with both short- and long-term support for businesses, residents and non-profits;

• Seeking federal and provincial stimulus funding for City capital projects to promote economic recovery; and

• Additional measures to be included

Supporting our Business Community

On May 5, City Council approved a Community Support and Recovery Plan (CSRP), that includes immediate relief for taxpayers and a recovery fund to address the pandemic’s short- and long-term financial impact on all sectors of the community. It includes:

• Deferring 2020 utility and property tax deadlines for all property types to Sept. 30;

• Designating $5-million to implement a response plan with both short- and long-term support for businesses, residents and non-profits;

• Seeking federal and provincial stimulus funding for City capital projects to promote economic recovery; and

• Additional measures to be included in the 2021 budget.

City staff are now moving forward with refining the CSRP and a host of ideas are being considered, including targeted grants, reduced or waived City fees, technology investments and marketing to support local businesses. Staff plan to present specific CSRP recommendations to Council in late May.

Business Supports

We have more than 7,000 businesses in Coquitlam, ranging from home-based operations to large enterprises with hundreds of employees. The City recognizes that this is a very challenging time for many of our local businesses as they face the impacts and the uncertainty of the current public health crisis.

From the start of the COVID-19 pandemic, Coquitlam’s Economic Development team has been reaching out to local business stakeholders and researching how best to support our community’s business sector. Over the coming weeks and months, City staff will continue to work with other levels of government, as well as business support organizations and other industry stakeholders, to help identify and inform our next steps.

This page has been developed to provide ongoing updates and information resources to Coquitlam’s business community. This will include opportunities for input, links to government and industry assistance programs, and a Q&A forum to get answers to your questions.

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Category Small Business BC   Show all

  • Nominations for the SBBC Awards are Open! - Small Business B.C.

    20 Jan 2021

    Jan. 19, 2021

    We are excited to share the news that nominations and voting are now underway for the 2021 Small Business BC Awards.

    With 2020 receding into memory, it’s time to recognize the hard work and achievements of small business owners across our province. For this year’s awards, we’re offering six categories in total:

    Getting involved couldn’t be easier. If you’re a business owner, you can nominate your own business. Or, if there’s a small business you love, show your appreciation and nominate on their behalf.

    Nominations and voting are open until 11:59pm on March 7th

  • B.C. Small and Medium Sized Business Recovery Grant - Small Business B.C.

    16 Nov 2020

    Visit the Small Business B.C. Webpage Here.

    Legal and Accounting Professional Services to Support B.C.’s Small and Medium Sized Business Recovery Grant Program

    The B.C. Small and Medium Sized Business Recovery Grant Program is intended to provide financial assistance to businesses that have been drastically impacted by COVID-19. Eligible businesses will receive grants of between $10,000 to $30,000 (with an additional top-up of up to $10,000 for eligible tourism-related businesses) to support the costs of implementing a recovery plan that outlines a realistic approach to keeping the business afloat until sales and revenues are able to return to more-normal levels.

    By supporting those businesses that establish a realistic plan to remain viable through what may be a prolonged period of reduced consumer activity, the program is intended to help British Columbia businesses stabilize and adapt their operations, sustain their employees and continue to support local purchases of goods and services in communities throughout the province.

    Small Business BC is a delivery partner that will be focused on Stage 2 of the process – retaining a roster of professional service providers, matching eligible businesses with service providers, and ensuring recovery plans are completed in a timely manner.

    Eligible businesses will be provided with professional services valued at up to $2,000 per business (including taxes) to help assess their situation and develop a recovery plan that will describe a realistic path to remaining solvent until COVID-19 is behind us.

    Businesses Helping Businesses

    The B.C. Small and Medium Sized Business Recovery Grant program is seeking interested parties such as accountants, financial planners, bookkeepers and lawyers to assess the solvency of businesses and help develop recovery plans (template to be provided). Small Business BC matches the business to the service provider who invoices SBBC for reimbursement for services, up to a maximum of $2,000 (including taxes) per grant recipient at their normal hourly rate of up to $250/hour.

    Service providers must participate in a 45 minute webinar to ensure they are fully briefed on the objectives of the program, its timelines and the importance of a consistent approach.

    Once businesses are verified as being eligible for the program, they will be matched with professional service providers through Small Business BC, wherever possible based on location, sector and spoken language needs. Businesses will receive a detailed summary of next steps and requirements of their participation. Once assigned to a business, the role of the professional service provider will be to review the business’s financial statements and assist them in evaluating and developing a recovery plan which will become the foundation of their grant application. More detail will be provided at the webinar.

    Upon completion of the recovery plan – which should take no longer than two weeks to prepare from when the professional advisor is referred, the business will upload the recovery plan to their online application and the system will notify the Ministry of Jobs, Economic Development and Competitiveness (JEDC) that the plan is ready for review.

    How to Apply

    If you are one of the professions listed above, can support clients within a two week window, and would like to lend your skills, knowledge and expertise to assisting companies develop their economic recovery plans, and play a part in rebuilding a critical part of B.C’s economy, please submit your interest to Small Business BC by November 18th at 11:59pm PDT. Late applications will not be considered – no exception.