Retailers applaud Province's new support for struggling sector
VANCOUVER, Oct. 23 /CNW/ - Retail Council of Canada (RCC) and its
thousands of members across British Columbia applaud the provincial government
for their support of B.C. small business in a new economic plan announced last
night by Premier Gordon Campbell.
The Province's 10-point plan aims to provide relief for families and
small businesses. Several measures affecting small and independent retailers
- Accelerated tax relief for small business - savings to small business
will be $146 million over three years.
- The Province will double the commission it pays business for
collecting the provincial sales tax and hotel room tax. It will
provide more than 100,000 businesses with approximately $60 million
over three years and add up to $1,200 to a business's bottom line.
"In today's turbulent economy, the small businesses at the heart of BC
communities are feeling the strain," says Max Logan, BC Director, RCC. "Our
small and independent retailers are encouraged by the immediate actions of the
provincial government to alleviate some of the pressure and help BC small
businesses remain competitive."
There are approximately 30,000 retail establishments in British Columbia,
with 2007 sales that approached $60 billion - most of which are small and
independent businesses. The retail sector is the province's number one
employer. RCC views the B.C. Government's economic plan as a step in the right
direction to ensure the sustainability and future prosperity of this important
part of the province's economy.
About Retail Council of Canada
Retail Council of Canada (RCC) has been the Voice of Retail in Canada
since 1963. We speak for an industry that touches the daily lives of Canadians
in every corner of the country - by providing jobs, career opportunities, and
by investing in the communities we serve.
RCC is a not-for-profit, industry-funded association representing more
than 40,000 store fronts of all retail formats across Canada, including
department, specialty, discount, and independent stores, and online merchants.
RCC is a strong advocate for retailing in Canada and works with all
levels of government and other stakeholders to support employment growth and
career opportunities in retail, to promote and sustain retail investments in
communities from coast-to-coast, and to enhance consumer choice and industry
competitiveness. RCC also provides its members with a full range of services
and programs including education and training, benchmarking and best
practices, networking, advocacy, and industry information.
For further information:
For further information: Max Logan, B.C. Director, RCC at (604) 601-5619
or by email at email@example.com