Premier Christy Clark announced today at a Surrey Board of Trade event that her government will support the province’s small business sector by increasing access to venture capital tax credits.
As part of ‘Canada Starts Here: The B.C. Jobs Plan’ to be released Thursday, Premier Christy Clark said her government will provide a $3-million increase to B.C.’s Small Business Venture Capital Tax Credit (VCC), which she said will target to direct investments in new businesses.
“By increasing access to venture capital we increase your opportunity to create new jobs,” Clark told the Surrey Board of Trade in a speech Wednesday morning (listen on SoundCloud).
Clark also announced that Finance Minister Kevin Falcon will establish a panel to review taxes in B.C. to determine what measures the government can take to support growth.