B.C. offers $5 million equipment loan program to help ailing forest contractors

Local politicians in Port McNeill and Campbell River says local economies are struggling

Premier John Horgan says the government is making $5 million available for loans to help contractors who are in danger of losing their equipment due to a forest industry strike on Vancouver Island.

He says the program for struggling forest industry contractors will be available by the end of this month with bridge loans to help save equipment.

Horgan announced the funding during a speech to forest industry contractors at the annual Truck Loggers Association convention.

He spent much of his speech addressing the labour dispute between Western Forests Products and the Steelworkers union, saying the seven-month strike is unprecedented in British Columbia history.

Up to 3,000 people are out of work and local politicians in Port McNeill and Campbell River says local economies are struggling.

Horgan says he has urged both sides to negotiate a settlement.

ALSO READ: B.C. labour minister ‘disappointed’ as talks collapse again in forestry strike

The Canadian Press

Like us on Facebook and follow us on Twitter.

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

Just Posted

Child care planned for Vernon schools

Proposal for four facilities at area elementary sites

Majority of students back in Vernon classrooms

Vernon School District reports 95 per cent of students returned amid COVID-19

Fewer people, but more visits added to Vernon museum

‘Often, you may have the entire museum to yourself and your group, which could be very cool.’

Travel from Coldstream to Lake Country along Kal Crystal Waters trail

Completed extension on Kal Crystal Waters trail uses historic highway

Major UBCO bus changes from Vernon eliminate Oyama, include Kelowna

Oyama Isthmus loop removed, stop across from Kelowna airport added

Record-breaking 165 new COVID-19 cases diagnosed in B.C. in 24-hour period

Fifty-seven people are in hospital battling the novel coronavirus

Interior Health reports four new cases of COVID-19

First hospitalization since mid-August announced

Rail traffic starts moving after 60-car derailment near Hope

Clean up effort ongoing after 60 cars carrying potash crashed along a rail bridge

Spoon-wielding man draws police presence in Penticton

Police say no one was harmed during the incident

B.C.’s COVID-19 economic recovery plan: Top 5 things you need to know

Jobs training, tax incentives for employers to hire staff and more

March to protect old growth, stop industrial logging coming to B.C. Legislature

Organizers say they want to give frontline communities a bigger say in nearby logging

B.C. releases details of $1.5B economic recovery plan, $660M in business tax incentives

Economic plan includes support for employers, as well as training for workers

‘Not criminally responsible’ hearing slated for man convicted of Abbotsford school stabbing

Gabriel Klein was found guilty in March of killing Letisha Reimer, 13, in 2016

Most Read