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

Almost 400 new child care spaces for the Fraser Valley. (Thinkstock Image)
Child-care spaces boosted by provincial fund across the Fraser Valley

400 licensed child-care spaces coming for Abbotsford, Chilliwack, Mission, and Maple Ridge families

Police seized drugs and a makeshift garrote. (Ridge Meadows RCMP/Special to The News)
Police seized drugs and a makeshift garrote. (Ridge Meadows RCMP/Special to The News)
Maple Ridge police arrest man with drugs, strangling weapon

Ridge Meadows RCMP street team stopped suspect for driving while prohibited

First responders were called to the 24600-block of 100th Avenue in Maple Ridge around 8:15 p.m on Tuesday, March 2, 2021 to crash. (Curtis Kreklau/Special to The News)
Rollover crash in Maple Ridge sends 17-year-old to hospital

First responders were called to the Albion neighbourhood Tuesday night

Food For The Soul Project Society raised $4,960 during the Coldest Night of the Year event on Feb. 20. (Coldest Night of the Year/Special to The News)
Maple Ridge charity raises thousands at Coldest Night of the Year walk

Food For The Soul Project Society raised $4,960 for their food program

COVID-19. (Pixabay)
Seven Maple Ridge-Pitt Meadows schools exposed to COVID-19 in two weeks

Fairview elementary most recently added to list

Emergency crews are on scene at Walnut Grove Secondary School for what Langley RCMP are calling a “serious incident” on March, 3, 2021. The school has been evacuated. (Matthew Claxton/Langley Advance Times)
Langley high school evacuated after ‘a possible threat,’ district says

Police are asking the public to avoid 88th Avenue and Walnut Grove Drive

A vial of Oxford-AstraZeneca COVID-19 vaccine is pictured at a family doctor office, Thursday, Feb. 25, 2021 in Paris. THE CANADIAN PRESS/AP -Christophe Ena
Trudeau ‘optimistic’ that timeline for rollout of COVID vaccines can be accelerated

Canada set to receive more than 6M COVID-19 vaccine dose than initially expected, by end of March

BC Human Rights Tribunal. (The Canadian Press)
Human rights tribunal rejects complaint against Surrey brewery

Tribunal dismisses former worker’s claim he was bullied because of his ethnicity

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

Beginning late Tuesday, anti-pipeline protesters blocked the intersection of Hastings Street and Clark Drive in Vancouver. (Instagram/Braidedwarriors)
Demonstrators block key access to Vancouver port over jail for pipeline protester

They group is protesting a 90-day jail sentence handed to a fellow anti-pipeline protester

Two Vancouver police officers were struck by a car when the driver learned he was being arrested for allegedly using a fraudulent credit card to pay for food. (Vancouver Police Department)
Driver being arrested for alleged food order fraud rams Vancouver police with car

Two officers are in stable condition, suffering with soft tissue injuries following the incident

A discarded blue surgical mask is shown hanging in a bush in Montreal, Sunday, Dec. 6, 2020, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
B.C. RMT suspended for not wearing a mask after confirmed by undercover clients

College of Massage Therapists has 5 open files, said suspension necessary to protect public

Most Read