Our latest report outlines why fostering local production is essential to building a more resilient economy and what it will take to get there.

Read the full report: bit.ly/3STUsbk

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#IndustrialLands #bcpoli #cdnpoli #GVBOT #Vancouver #Report

Our report presents five key recommendations to support local production and attract investment.

B.C. has the potential. Now we need a plan to fully achieve it. (5/5)

#GVBOT #BCpoli #EconomicGrowth #Cdnpoli

Unlocking just 1% more industrial land in B.C. could create more than 126,000 jobs and add $12.2 billion to the provincial economy. (4/5)

#GVBOT #BCpoli #EconomicGrowth #Cdnpoli

From 2019 to 2023, over 5 million sq ft of industrial investment left Metro Vancouver for Calgary.

That’s nearly $500 million in lost GDP and thousands of jobs. (3/5)

#GVBOT #BCpoli #EconomicGrowth #Cdnpoli

B.C. has the potential to lead domestic production and global trade.

But with limited industrial land, outdated rules like the 50-50 regulation, and lengthy permitting timelines, investment is being diverted elsewhere. (2/5)

#GVBOT #BCpoli #EconomicGrowth #Cdnpoli

If we want to protect jobs and lift our standard of living, we must create an environment where businesses can succeed.

We look forward to working with government to ensure that the outcomes of this review are measurable, transparent, and tied to growth.

3/3 #bcpoli

Last month, we launched our 'Simplify to Grow: Boosting Business in British Columbia' report, which outlined regulatory issues and structural barriers affecting business and offered three areas for urgent reform.

Read the report:
www.boardoftrade.com/news/report/...

2/ #bcpoli

To seize this opportunity, B.C. must:
✅ Encourage AI adoption across private and public sectors
✅ Develop a strong AI talent pipeline
✅ Leverage data for public good

This report is part of the Board of Trade’s Agenda for Economic Growth, which aims to raise the province’s real GDP growth. (3/3)

💡 Key insights:
- AI adoption could save workers up to 125 hours/year, leading to an 8% productivity gain
- Canada could see a $180B boost in productivity and $7B in new products and services from AI
- Yet 73% of Canadian SMEs haven’t even considered AI

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