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BC Chamber of Commerce: Business Community Calls for Economic Plan

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VANCOUVER, B.C., September 10, 2024

Today, British Columbia’s business community came together to call on the province’s political leaders to deliver a clear and actionable plan that fosters economic growth, increases prosperity, ignites innovation, and upholds our province’s entrepreneurial spirit.

“In the coming weeks, British Columbians will decide which political party forms the next government. To help voters make an informed decision, B.C.’s business community sent each leader a survey to better understand their economic plans for the province. The responses will be shared with the public and media.

“Canada and British Columbia’s productivity challenges are well-documented, impacting our collective standard of living. GDP per capita is below 2014 levels, and, due to rising costs and an increasingly complex regulatory environment, we face declining investment and stagnant private sector job growth.

“Recent public opinion research indicates that housing affordability, the cost of living, inflation, and healthcare remain the top priorities for British Columbians. These pressing issues are closely tied to the strength of our economy. Without a forward-thinking plan to expand our economic base, the government’s ability to generate the revenue needed to maintain crucial social services and infrastructure will be severely undermined.

“If we do not create conditions conducive for growth, businesses will invest and grow in other provinces, the United States and elsewhere.

“In an era of economic uncertainty and volatility, British Columbia has a once-in-a-generation opportunity to position itself as a strong and competitive economy. With a government willing to partner with the private sector, we can unlock this province’s full potential and ensure a prosperous future for all.”

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About the BC Chamber of Commerce
The BC Chamber of Commerce is the largest and most broadly-based business organization in the province. Representing local Chambers of Commerce and Boards of Trade and 36,000 businesses of every size and from every sector and region of the province, the BC Chamber of Commerce is uniquely positioned to “Know What’s on BC’s Mind.”

Media Contact
BC Chamber of Commerce Communications
604-367-8697
communications@bcchamber.org

 

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