The B.C. government is providing $2.7 million to help northern businesses and First Nations adapt to changing markets, diversify their economies and protect or create jobs amid uncertainty over U.S. tariffs.
Social Development and Poverty Reduction Minister Sheila Malcolmson announced the funding Friday in Prince Rupert.
The funding, provided through the second phase of the province’s Rural and Remote Employment Initiatives Fund, is intended to help workers and businesses respond to the effects of U.S. tariffs.
“We have got the backs of workers and businesses that will be hurt by President Trump’s new trade war escalation,” Malcolmson said. “The best way to fight tariffs is to build up our own workers and industries.”
Funding will be available through two programs. One will support diversification and sustainability for small and medium-sized businesses, while the other will help First Nations development corporations build capacity and pursue economic opportunities.
Grants of up to $200,000 will be available for capital investments, including equipment and technology.
The funding will also support economic development projects aimed at creating and retaining jobs and helping northern communities become less dependent on a single market.
“We will ensure B.C. workers and businesses get the supports that they need to protect jobs during the tariff war,” Malcolmson said.
Northern Development Initiative Trust will administer the funding on behalf of the province.
The announcement builds on more than $20 million in provincial funding being provided this year for employment training projects across B.C. and $20.8 million invested last year to support recruitment, training and retention in the forest sector.
Bess Leeson, a business development officer with the Tribal Resources Investment Corporation, said investments in First Nations capacity-building, skills development and Indigenous-owned businesses can create lasting economic opportunities and generational wealth.
Kodinna Anaka, executive director of the Prince Rupert and District Chamber of Commerce, welcomed the funding. Anaka said businesses in the region face uncertainty from tariffs but remain resilient and are looking for ways to strengthen and grow.
Applications are scheduled to open next week.
