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Federal Government Provides $3m to Tech Companies in BC

If you are a small or mid size business in British Columbia, Canada, you are in luck. Feds will be providing $3m to help you through the recession due to Covid19 virus.

Economic Development Minister Melanie Joly said that $3m will be distributed between the companies shortly.

According to the federal government, more than 2,500 firms will benefit and more than 1,000 jobs will be created.

The $3m fund is part of $304-million Regional Relief and Recovery Fund announced for Western Canada.

Joly said that this $3m fund shows that federal government cares about BC and their technology advancements.

$3m feels like a drop in the bucket considering a lot of small tech companies are out of money and laying off their employees, but better than nothing.