Applications for employers set to open Sept. 15
The federal government is investing $1 billion in a significant expansion of support for small- and medium-sized enterprises (SMEs) in British Columbia.
Ottawa has launched the Regional Tariff Response Initiative (RTRI) to help businesses manage the impact of international tariffs and trade disruptions on B.C.
On Sept. 5, 2025, Gregor Robertson, minister of housing and infrastructure and minister responsible for Pacific Economic Development Canada (PacifiCan), revealed that PacifiCan will deliver the RTRI in British Columbia. The initiative is designed to help B.C. SMEs affected by tariffs improve productivity, diversify export markets, optimise supply chains, and increase domestic trade within Canada.
The federal government has more than doubled its national investment in the RTRI, increasing funding from $450 million to $1 billion over three years. The program, delivered through Canada’s regional development agencies, aims to support the growth of SMEs most vulnerable to trade volatility.
“British Columbians have the determination, talent and ambition to thrive at home and in markets around the world. With this investment, PacifiCan is empowering local businesses to find new pathways for growth and contribute to one Canadian economy – building prosperity here in B.C. and across the country,” said Robertson in a statement.
Businesses and organisations in British Columbia will be able to access information about the RTRI on PacifiCan’s website. Program details and an online application will be available as of Sept. 15, 2025.
Previously, Ontario announced it is investing $70 million to expand training and employment services for workers affected by U.S. tariffs and related economic uncertainty.
‘Canada is standing firm’ against tariff challenges
Ottawa’s broader strategy to address tariff challenges includes several complementary measures, such as the Large Enterprise Tariff Loan Facility, the Business Development Bank of Canada’s Pivot to Grow initiative, and targeted support for the steel sector through the Strategic Response Fund.
On July 16, 2025, the government announced up to $150 million in targeted support through the RTRI for businesses in the steel sector, as part of a suite of measures to reinforce Canada’s industrial strength and protect jobs across the country.
According to the government, the RTRI will invest in SMEs affected by tariffs, helping them adapt to new realities, open doors to new markets, boost productivity, reduce costs, and strengthen domestic supply chains. The initiative is part of a comprehensive plan to defend Canadian industries and workers while supporting long-term economic growth.
“Canada is standing firm — defending its industries, building new pathways for growth, and investing in long-term strength,” the government stated in the press release.
PacifiCan, the federal economic development agency dedicated to British Columbians, works with partners across the province to build innovative businesses, create good jobs, and support inclusive growth.
Employers interested in the RTRI can find further information and apply online starting Sept. 15, 2025, through PacifiCan’s website. The funding is available to B.C. SMEs affected by tariffs and trade disruptions, with the goal of enhancing productivity, market diversification, and supply chain resilience.
More than three-quarters (76 per cent) of Canadian business leaders are bracing for the worst and taking steps to prepare for a potential recession, according to a previous KPMG report.
