Pandemic speeds conversion to cashless society

The COVID-19 pandemic has sped up the adoption of electronic payments among Canadians.
 
A survey by Payments Canada found that 53% of Canadians had increased their use of debit cards to pay for in-store purchases. With uncertainty about how COVID-19 was being spread, many businesses opted to play it safe and encourage electronic payments.

Freer trade within Canada would spur growth

The Chamber supports an initiative to lift inter-provincial trade barriers, currently being raised by our colleagues at nine of Canada’s largest chambers of commerce.
 
In a series of videos promoted on Twitter, the Canadian Global Cities Council showcases how Canada’s economic recovery would be helped by a freer flow of goods between provinces.
 
A Few Facts

  • More than $80 billion in economic potential is lost every year because of trade barriers between provinces.
  • Those barriers add nearly 7% to the costs of goods.
  • Free trade between provinces is supported by 90% of Canadians
  • GDP in Canada could increase by 4% – more than from any of our recent international trade agreements.

New on-campus housing breaks ground at UVic

The University of Victoria broke ground today on 800 new on-campus homes for students. The $232.4 million housing project includes $128 million in provincial funding. The new units are expected to be ready for students in time for fall 2022.
 
With workforce homes in short supply in our region, the addition of on-campus housing will help free up much-needed rental units in the community.

HousingHub project building 64 affordable homes

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A new five-storey, wood-frame building on Fifth Street will provide 64 affordable homes In Greater Victoria. The project is being built with up to $17.2 in interim construction financing from BC Housing’s HousingHub program. Rent will range from $1,000 per month for a studio to $2,500 for the most expensive three-bedroom option. To qualify, renters must have household incomes between $48,000 and $100,000.
 
“I’m pleased that this project will provide good, affordable homes for working families that are close to their friends, work, vibrant business districts and community amenities,” Victoria-Swan Lake MLA Rob Fleming said in a news release.
 
Construction is expected to wrap up by spring. The building will include space for the Vancouver Island School of Art on the ground floor.

Province encouraging shift to e-bikes with rebates

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If you’ve been thinking about buying an e-bike for commuting or getting around, the provincial government hopes to make your decision a little easier with an updated rebate program.
 
“E-bikes are a much cheaper alternative to cars and are a safe way to travel,” Transportation and Infrastructure Minister Claire Trevena said today in a news release. “We look forward to seeing more people using e-bikes for getting around.”
 
People can now trade in an old vehicle and get $1,050 toward the purchase of a new e-bike. The rebates, which have increased by $200 this year, are delivered by the Scrap-It program. As well, a one-year pilot program is offering a $1,700 rebate for business owners who purchase a cargo e-bike.

Check out: Greater Victoria e-bike retailers


Volunteers wanted for federal disability committees

The federal government is looking for 12 to 17 volunteers for two committees tasked with creating innovative standards to help people with disabilities.
 
Applications are being accepted until Aug. 4 for the:

 
The work will improve the lives of more than six million Canadians who identify as having a disability. Committees will consist of members with expertise in various backgrounds.

Tourism industry asks BC for $680 million stimulus

The devastating impact of COVID-19 on BC tourism sector was driven home on Tuesday by a request for $680 million in relief needed to survive.
 
The Tourism Industry Association of BC sent a proposal to the provincial government requesting almost half of the $1.5 billion set aside to restart the economy.
 
“Unfortunately, as the only industry almost entirely based on the discretionary movement of people, the tourism and hospitality sector has been the most severely impacted by far by COVID-19 due to business closure orders and restrictions on personal travel, as well as the closure of international borders,” TIABC’s statement says.
 
The best case scenario forecasts 2020 revenue to be $6.7 billion compared to $20.4 billion in 2018. To survive, the industry wants $475 million to help businesses stay solvent, $190 million to encourage innovation and accelerate recovery and $15 million to support supply chains.

Chamber supports regional chamber advocacy

The Chamber continues to spearhead advocacy efforts in Greater Victoria to help our members and the community recover from the COVID-19 crisis.
 
In this month’s edition of Douglas Magazine, Chamber CEO Bruce Williams speaks about what we and other chambers in our region are doing to get back to prosperity.
 
“Businesses need certainty and they don’t have that when programs run month to month and extensions are granted at the last minute,” Williams said. “Businesses thrive when they can plan. A tiered system that gradually goes away is better for planning for a return to business that can be successful in the long term.”

Victoria well positioned as ocean innovation hub

Victoria is well positioned to become a centre for ocean innovation. A request for proposals has gone out to study the feasibility of increasing the value of the marine sector to Greater Victoria’s economy.
 
The City of Victoria is working with the South Island Prosperity Partnership and the marine sector to explore the idea of an Ocean Futures Innovation Hub. It would be located in Victoria and foster an environment of entrepreneurship building off our region’s existing marine industries and our location on the Pacific. Being home to Ocean Networks Canada, which yesterday announced a $29 million investment from the federal government, is a boon.
 
The Chamber supports innovation led by business. We look forward to helping build an Ocean Futures Innovation Hub in Victoria.

Pandemic a chance to rethink approach to homeless

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The pandemic is causing a rethink about many things, including what we need to do to solve homelessness and the delivery of police services in our region.

The Chamber has advocated for long-term solutions that are proven to work, such as the Therapeutic Recovery Community operated in View Royal by Our Place Society.

We understand the challenges facing businesses located near former hotel properties purchased by the province to house people who had been living in encampments. The move was initially made to reduce the risk of COVID-19 spreading among closely packed tents. The new locations include mental health and addiction treatment services. However, the problem is complex and concerns about safety and property need to be taken seriously.
 
The Chamber would like to see better enforcement of rules in place to ensure all of us can enjoy a safe community. Victoria Police Department Chief Del Manak has support from the city’s police board to augment policing with civilian social services.

We know the roots of homelessness, mental health issues and addictions run deep and it’s clear we need an innovative approach that can do more than push the problem between neighbourhoods.
 
“Greater Victoria businesses are known for their compassion and prove it by giving back, by investing in solutions to help people in need in our community,” says Chamber CEO Bruce Williams. “They want real solutions and all of us deserve to feel secure at home and at work. The Chamber would like to see more options for long-term treatment, and we hope BC Housing intends to fulfill its plans to transform these hotel properties into affordable housing that includes homes for our workforce.”