Northern B.C. rural businesses to benefit from $1.5 million in funding

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Northern B.C. rural businesses to benefit from $1.5 million in funding
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NDIT will get $1.5 million from the province to hire business advisors

Businesses in rural B.C. communities are getting a boost from the province in an effort to increase jobs through the Province's Rural Business and Community Recovery Initiative .This builds on the initial $4.5 million provided in February 2021 that helped rural communities and businesses recover from the economic impacts of the COVID-19 pandemic.

The second round of the RBCRI funding will shift from concentrating on pandemic recoveries to supporting economic development in communities affected by changes to the forest sector. The funding will be distributed through regional programs administered by the Northern Development Initiative Trust, the Economic Trust of the Southern Interior and the Island Coastal Economic Trust. Each trust will receive $1.5 million.

Funding for the RBCRI is part of the $185-million support package announced in Budget 2022 to ensure that co-ordinated and comprehensive supports are in place to offset any economic impacts from a changing forestry industry.

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