Securing Small Business Rebate
Has your small business been affected by property crimes or vandalism? You may be eligible to receive funding.
Recognizing the frustrations and costs for business owners associated with property crime and vandalism, the Ministry of Jobs, Economic Development and Innovation has launched its $10.5 million Securing Small Business Rebate Program. This program provides small businesses with funds for eligible commercial property crime and vandalism repairs, or to implement eligible preventative measures.
Applications open on Nov. 22, 2023. Applicants can apply for as much as $2,000 per business for the cost of repairs due to vandalism, and up to $1,000 for prevention measures.
Types of Rebates: Reparative vs. Preventative
PREVENTATIVE
Provides funding for eligible proactive/preventative measures to mitigate damage to eligible commercial property due to vandalism.
Available as a one-time rebate of up to $1,000.
Retroactive to January 1, 2023, through December 31, 2024.
REPARATIVE
Provides immediate relief to offset eligible reparative costs in respect of damage to eligible commercial property due to vandalism on or after January 1, 2023.
Available as a one-time rebate of up to $2,000, per calendar year.
Retroactive to January 1, 2023, through December 31, 2024.
Program Timeline
The program’s application portal will launch on November 22, 2023, and remain open until January 31, 2025.
Rebate applications are retroactive to January 1, 2023, through December 31, 2024, and will be reviewed on a first-come-first-served basis.
A rebate application, if successful, will be screened, reviewed, approved and paid in 35 business days, provided there is limited follow-up with the applicant during the screening and review processes.
Rebates will be issued to successful applicants via Electronic Funds Transfer (EFT) in the period December 2023-February 2025.
For clarity: Rebates in respect of the calendar year January 1, 2023-December 31, 2023, will be disbursed by March 31, 2024. Rebates in respect of the calendar year January 1, 2024-December 31, 2024, will be disbursed by February 28, 2025.
Find out more about criteria and eligibility!
*content and information was taken from https://bcchamber.org/securing-small-business-rebate and https://news.gov.bc.ca/releases/2023JEDI0065-001657