A new survey from CFIB found that a mid-range estimate shows 21,000 small businesses at risk of closing in B.C. (Ashley Wadhwani/Black Press Media)

A new survey from CFIB found that a mid-range estimate shows 21,000 small businesses at risk of closing in B.C. (Ashley Wadhwani/Black Press Media)

21,000 small businesses in B.C. at risk of closure due to COVID-19: survey

Sectors like hospitality hardest hit, while others like agriculture and construction remain more stable.

A survey done by the Canadian Federation of Independent Business (CFIB) found that more than 21,000 small businesses in B.C. are at risk of closing.

These numbers don’t include businesses that have already closed due to COVID-19.

The CFIB has set up a website that tracks small businesses’ recovery throughout the COVID-19 pandemic. According to their data, in B.C. only 64 per cent of small businesses are fully open, only 32 per cent of fully staffed, and just 27 per cent are recording normal sales.

The survey, completed by over 5,000 CFIB members, also showed that one in seven small businesses in Canada are at risk of going under. That’s 14 per cent of all small and medium businesses.

“Small businesses are big players in our economy, so minimizing business losses is critical to recovery,” said Laura Jones, executive vice-president at CFIB.

“Right now both government support and consumer behaviour are critical to transitioning back to conditions that allow businesses to survive and thrive.”

CFIB estimates that business closures in B.C. due to COVID-19 will range from the low end of 6,395 (4 per cent), to the high-end estimate of 28,920 (16 per cent). A medium range for this estimate is shows that over 21,116 (12 per cent) are at risk.

While CFIB said that they haven’t analyzed the breakdown between rural and urban small businesses, they say that business sectors have been a bigger factor in how well a business is currently doing.

“In sectors like hospitality, those regions will be harder hit, compared to sectors like agriculture and construction,” said Jones. “That’s been a bigger factor than geography.”

Jones and the CFIB know that business closures are inevitable. Their hope and goal is that government can help bring those closures to the lower range of the CFIB’s estimates.

READ ALSO: A restaurant check-in for B.C.’s next phase of restart

Jones added that while some government support has been useful to businesses, there’s a key section of their recovery plan being left out – rent.

“One in three businesses are saying that rent support is missing,” said Jones.

While government support will be key in recovery for small and medium-sized businesses, consumers will play a large role in helping keep these establishments open.

“There’s been a lot of shopping that’s shifted to larger businesses like Walmart and Amazon,” said Jones. “We’d really like for that to shift back and for consumers to support their local small businesses.”

The methodology for the study shows a margin of error of plus or minus 1.3 per cent, 19 times out of 20.

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

CoronavirusSmall Business

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

(Pixabay photo)
‘Cocaine bananas’ arrive at Kelowna grocery stores after mix up from Colombia: RCMP

Kelowna RCMP recently concluded an international drug investigation after finding cocaine in local grocers’ banana shipments in 2019

Amanda Parsons, a registered nurse on staff at the Northwood Care facility, administers a dose of the Moderna vaccine to Ann Hicks, 77, in Halifax on Monday, Jan. 11, 2021. THE CANADIAN PRESS/Andrew Vaughan-Pool
61 new COVID-19 cases, two more deaths in Interior Health

Twenty-nine people are in hospital, seven of whom are in intensive care

(Big White Ski Resort)
28 more cases of COVID-19 linked to Big White cluster

More than 200 cases have been identified since the cluster was announced

The sale of the Kirschner Mountain Development for $22M marks the largest in Realtor history, in the Okanagan. (Contributed)
Kirschner Mountain development sold for $22M

The sale of the 640-acre Kirschner Mountain development has made the history books

Fire in shed in alley off Stockwell. (Michael Rodriguez - Kelowna Capital News)
UPDATE: Smoke seen rising from shed on Stockwell Avenue

Kelowna firefighters are on scene of a home after reports of a blaze

Syringe is prepared with one of B.C.’s first vials of Pfizer vaccine to prevent COVID-19, Victoria, Dec. 22, 2020. (B.C. government)
B.C.’s COVID-19 caseload stays steady with 465 more Tuesday

No new outbreaks in health care facilities, 12 more deaths

(Stock photo)
EDITORIAL: COVID-19 restrictions continue to affect us all

Canada has recorded more than 700,000 confirmed cases of pandemic

A couple living at the Summerland Waterfront Resort is trying to sell their unit because of strata changes which will require them to pay significantly higher strata fees or have their unit included in the resort’s rental pool (John Arendt - Summerland Review)
Couple living at Summerland resort facing increases

Permanent residents of Summerland Waterfront Resort told fees will more than double

Police are seeking further witnesses after an elderly woman who was struck by a vehicle in Salmon Arm succumbed to her injuries. (File Photo)
Salmon Arm pedestrian dies after being hit by truck along Highway 1

Collision took place on Jan. 15 in downtown Salmon Arm, police looking for witnesses

A cow moose wanders around the Silver Star Elementary School neighbourhood Tuesday, Jan. 19. (Contributed)
Moose chases two people near North Okanagan school

Conservation and dog control attending to the situation

New Westminster TV production designer, Rick Whitfield, has designed an office in a box for British Columbians in need of a private workspace. (BC Box Office photo)
PHOTOS: B.C. man designs ‘box office’ solution for those working from home

‘A professionally designed workspace on your property, away from the distractions of home’

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Chilliwack ER doctor Marc Greidanus is featured in a video, published Jan. 18, 2021, where he demonstrates and describes effectiveness of various styles of masks. (Youtube)
VIDEO: Emergency room doctor runs through pros and cons of various masks

‘We’ve been asked to wear a mask and it’s not that hard,’ Greidanus says.

(Pixabay photo)
VIDEO: Tip to Metro Vancouver transit police helps woman 4,000 km away in Ohio

Sgt. Clint Hampton says transit police were alerted to a YouTube video of the woman in mental distress

Most Read