In an instant, the wheels ground to a halt. The
momentum that many cities and countries had
created related to international investment interest
was suddenly disrupted with the cancellation of
international flights, the closure or borders and
even the opportunity to meet face to face, where
business relationships have most commonly been
built. A global pandemic which has interrupted
economies around the globe introduced a new
slate of considerations for business – and with
new rules dictated by government agencies at a
Provincial and Federal level, it created a need for
a re-focus of our efforts.
With investment activity interrupted, it brought to
focus the crisis situation for many entrepreneurs
and even long-time business owners already
invested in the community. Entire industry sectors
were put on hold – airlines, hotels, amusement
parks, hair salons, night clubs, concerts and events
were suspended or seriously compromised. New
health edicts for social distancing and reduced
capacity spurred the short term closure of many
independent shops and services who did not
have the space to adapt to the new measures,
or the financial capacity to implement the
needed changes. Restaurants forced to reduce
occupancy were struggling to balance the ledger
and still ensure that their business maintained
the necessary cash flow. But perhaps even more
challenging for business owners continues to be
that the timeline for a return to business as usual
is yet undetermined.
While governments were quick to respond with
stimulus programs and income assistance for
individuals who were out of work due to the pandemic
situation, and programs were announced to support
business with wage subsidies and rent allowances,
there were still a number of merchants who did
not qualify or whose needs could not be readily
addressed by the financial aid that was available.
As each week clicked by without reprieve, they
watched as revenues dropped while operating
expenses remained unchanged. With reports in
the Canadian media suggesting that as many
as 74% of small businesses would not survive
the pandemic period, there was a need to take
measurable action in support of business.
Many communities launched ‘Support local’
marketing campaigns designed to direct traffic
to local independent businesses. These included
spotlight pieces in media, or websites developed
to showcase the hours and accommodations
made by local merchants to still remain in
operation and provide services to their clientele.
As a City, in Abbotsford, British Columbia, we
looked at how best we could align with the business
community and demonstrate meaningful
support for their plight beyond our continued role
in advocacy to senior levels of government. The
result was a first of its kind collaboration in the
City which broke down agency silos and brought
together groups that had historically not worked
together before.
The Abbotsford Business Community Coalition
(ABCC) brought together the local Chamber of
Commerce, Downtown Business Association,
Indo-Canadian Business Association, University
of the Fraser Valley, Abbotsford Tech District,
the Tourism Society, local media outlets, as well
as City Economic Development and external
funding and support agencies with a focus on
creating solutions for the business community.
The program, which pooled resources and expertise
looked to support businesses in two ways.
Crossing streams, it was easy to see where the
common ground existed across the mandates
of the multiple organizations at the table and
what shared challenges also were of greatest
concern to their respective memberships. While
it was understood that many merchants would
be interested in an opportunity for grant funding,
it was also critical to recognize that as these
funding streams were going to be generated
among the coalition partners, that we needed to
bring something more than money to the table.
Sure, small businesses were feeling the financial
pinch and there was an opportunity to create a
small pool of emergency relief grant funding for
those merchants. But the survival of a business
would not be reliant on covering the equivalent of
one month’s rent or routine operating expenses such
as utilities. We also wanted to help those companies
to build their own capacity, particularly where there
was a needed pivot to an e-commerce avenue
with online purchasing, delivery and other
alternatives that reduced the reliance on foot
traffic into their physical retail spaces.
The coalition developed a website which brought
all of the needed resources to a single, easy
to navigate portal. Not only did this help to
streamline where the latest health orders and
regulations could be found, it also included
links to the national business resilience network,
Provincial economic development association
tools and resources, and other agencies that had
a mandate to support local economic recovery.
The coalition also engaged in a summer-long, multiplatform media campaign and commissioned a
video to promote that businesses were in fact reopened and encouraged citizens to discover how
businesses had been able to adapt to provide
service and still address public sensitivities over
the risk of potential contagion.
Sure, the financial element spoke to some of the
most pressing needs of small business owners
and relief grants of up to $2,500 were made
available by application to the coalition. Though
the individual grant amount seemed small, it’s
impact was found to be overwhelmingly positive
for the recipients.
“This makes a big difference for small businesses
like mine,” said grant recipient Josh Reynolds
of Illustrate Collective. “The money helps, but
it’s also reassuring just to be reminded that the
business community has our back.”
At the City’s Economic Development office, the
strategy focused largely on how existing tools
could be used to the benefit of the business
community. By adding an additional layer to the
City’s existing site finder GIS mapping system, the
department was able to plot the location of open
businesses, share their hours and visually illustrate
what vendors were open in each neighborhood
to help citizens comply with health orders and
limit their travel and interactions.
But despite the collective efforts and best practices
of economic development agencies around the
globe, we all still face an uncertain future. As we
continue to monitor and adapt to ever-changing
information surrounding the present pandemic,
we can recognize that we may still be months
and perhaps years away from a full return to
business as we’ve known it. And just as many
public and private firms are more fully embracing
the concept of remote work environments and
virtual connectivity through a variety of webbased platforms, we will continue to see one of
the most aggressive disruptions in recent years
that is shaping the future of business.

For economic developers, we have been able
to provide service while working from a new set
of protocols and connecting through mediums
regularly that maybe we hadn’t before. We
may well discover that we are better prepared
to engage in investment attraction on an
international level using the virtual tools that we’ve
had an opportunity to master while supporting
our existing business community.