BRITISH COLUMBIA’S ECONOMY & BUSINESS CLIMATE
British Columbia (B.C.) offers many economic advantages, including, being home to two of the Canada’s largest seaports that serve as a gateway to Asia, abundant resources, a competitive business climate, a well-regulated financial system, and fiscally responsible government with a stable AAA credit rating.
Access to skilled talent, competitive tax rates, high quality physical and social infrastructure, strong public services, and a business climate that supports innovation are also key advantages that attract investment and businesses here from around the world. Above all however, the people who make B.C. their home, driven by a collective mission to create an innovative, sustainable, and inclusive economy, is what makes B.C. different.
In addition to the data shown in the Economic Snapshot below, more statistical information can be found through the Business Council of B.C. website.
Economic Snapshot
Growth Driven By Innovation
Businesses in B.C. are developing solutions to the challenges we face globally; from reimagining energy to revolutionizing technology. Emerging industries such as Mass Timber, Hydrogen Energy and Agri Technology are examples of where innovation thrives, connected by researchers, industry partners and funding. Commercialization of the next generation of solutions is made possible here in B.C. due to a healthy business climate that nurtures innovation.
A Focus on Sustainability
BC is the cleanest jurisdiction in western North America, with an average of 98% of its electricity generation coming from clean or renewable resources. B.C.’s forests, waters and farmlands have been a source of beauty, food, and economic opportunity – and we are working hard to protect them. At the core of our approach to climate change and building a sustainable economy, is a foundational commitment to protecting and preserving our environment now and for future generations.
An Inclusive Economy
A strong economy and a healthy society go hand in hand. Long-term competitiveness driven by nurturing talent, promoting investment, strengthening infrastructure, and fostering innovation are all very important. However, we also believe healthy, inclusive societies, where wealth and opportunity are broadly shared, are more productive, competitive, and resilient than societies where inequality is high.
In Good Company
Learn More About British Columbia
Discover the sector or regional advantages to support your business. Learn more about community engagement and consulting with Indigenous people and First Nations communities in British Columbia.