The new Launch Online Grant program is designed to help eligible small- and medium-sized B.C. businesses adapt to changes in consumer behaviour and pivot to market their products online.
The B.C. government is investing $42 million to help businesses launch or upgrade an online store that will provide the platform they need to increase their sales revenues, become more competitive and grow. Up to 25% of the program funds will be reserved for regional and Indigenous businesses.
People have increased their reliance on online shopping with over $305 billion in e-commerce sales in Canada in 2019. E-commerce sales are projected to have doubled through 2020 and are expected to increase further in 2021.
These grants will provide business owners, including those in hard-hit sectors such as retail, tourism and restaurants, with up to $7,500 to build or improve their online store and promote BuyBC at a local, national and international level.
Grant recipients can use the funding for a variety of online-related expenses, including pictures, creating an online inventory system, advertising costs, subscription costs of an e-commerce platform and training staff to manage the website.
As part of the program, successful applicants must use one or more local B.C. service providers to complete their online store. Through this model, the grant funding can be reinvested in B.C.-based marketing and technology companies to generate revenues for local companies and help secure and grow jobs.
The Launch Online Grant program is part of B.C.’s $10-billion COVID-19 response, which includes StrongerBC: BC’s Economic Recovery Plan — a strategy that protects people’s health and livelihoods while supporting businesses and communities.