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Securing Small Business Rebate
Recognizing the increased costs to businesses due to property crime and vandalism, the Ministry of Jobs, Economic Development and Innovation launched its $10.5 million Securing Small Business Rebate Program, which will provide small businesses with funds for eligible commercial property crime and vandalism repairs, or to implement eligible preventative measures.
The BC Chamber of Commerce, in partnership with PricewaterhouseCoopers LLP, administered the rebate program and leveraged its provincial network of 100 chambers of commerce and boards of trade and its myriad industry partners, including Business Improvement Associations, to ensure businesses from every sector and region of the province are aware of the rebate.
*Please note this rebate program is not automatic with your membership and must be applied for. You do not need to be a member of the Chamber to qualify for this rebate. For more information on becoming a member of the Mission Regional Chamber of Commerce, please email us at connect@missionchamber.bc.ca.
Program Timeline
- The program’s application portal will launched on November 22, 2023 and closed on 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 Fund 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.
Types of Rebates
The program offers two types of rebates and business may apply for both, if they choose. You may apply for a reparative rebate twice i.e. once for 2023 and once for 2024. You may apply for a preventative rebate only once i.e. in either 2023 or 2024.
1. Reparative Rebate
- 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, 2024.2.
2. Preventative Rebate
- 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.