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The State of Industry-First Nations Relations in B.C. – Part II: RECOMMENDATIONS

Posted Oct 29, 2014

Through our series on the state of industry-First Nation relations in B.C., the Business Council has sought to document and take stock of the economic reconciliation process in the province. The results of this work have highlighted a number of important and mainly positive trends: 1) increased aboriginal business formations; 2) a proliferation of economic agreements between industry, government and First Nations; 3) growing own-source revenues and capacity improvements at the community level; and 4) a generally positive outlook for the future of economic reconciliation. However, the research has also identified some areas of concern that have the potential to constrain the ability of all parties to move further down a reconciliation path that maximizes collective economic opportunities.

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Submission: Business Council Submission in Advance of the 2015 Provincial Budget

Posted Oct 17, 2014

The Business Council of British Columbia's submission to the Select Standing Committee on Finance and Government Services, outlining our views and advice concerning the 2015 provincial budget.

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Finlayson: The fiscal impact of an aging population in Canada (Troy Media)

Posted Oct 14, 2014

An update on Canada’s demographic future from Statistics Canada confirms what is readily discernable through casual observation: our population is growing modestly and becoming greyer at an accelerating pace.   

Under all of the scenarios modelled by Statistics Canada’s researchers, the country’s population is on track to exceed 40 million by 2063 (up from 35.2 million in 2013).  Three different scenarios are examined. 

A slow-growth scenario puts the population at 40 million in fifty years’ time.

Under the medium-growth scenario, the population reaches 51 million in 2063.

And a high-growth scenario sees the number of Canadians swelling to 63.5 million. 

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The Underground Economy

Posted Oct 10, 2014

“Underground” economic activity takes different forms and includes the production/provision of both legal and illegal goods and services. The underground economy (UE) is a concern for governments because it reduces the tax base and can weaken regulatory regimes intended to protect consumers, workers and the environment.

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D'Avignon and Ross: 'Green shoots' of First Nations business development (Vancouver Sun)

Posted Oct 6, 2014

A critical cornerstone of reconciliation is building economic opportunities for First Nations at the community level. There is a strong, positive correlation between economic empowerment — generating investment, business ownership and jobs — and improving social conditions.

As The Vancouver Sun series First Nations Inc. has shown, we are rapidly moving down this path from a business formation and economic development perspective.

To measure these advancements, the Aboriginal Business Investment Council, with the Ministry of Jobs, Tourism and Skills Training, have funded and developed a database which provides B.C.’s first comprehensive accounting of First Nations business development and economic benefit agreement activities.

The data, which will be publicly available later this fall, highlight the sea change occurring in many First Nations communities as rights and title interests combine with higher educational attainment and economic development agreements to spur increased First Nation business formation, jobs and growth.

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Events

UPDATED: BC Business Summit 2014:
Building BC for the 21st Century - Innovation in Infrastructure

Nov 7, 2014

The economic prosperity of British Columbia and Western Canada relies on global trade and our ability to deliver goods to market. Our province may be the closest North American jurisdiction to Asia, but do we have the trade infrastructure in place to reach Asia and other world markets efficiently and cost-effectively, both now and in the years ahead? As a small economy competing in a global marketplace, our social prosperity and quality of life will depend increasingly on our ability to deliver energy and other goods to domestic and international markets, which in turn will rely on our ability to invest in and deliver major infrastructure projects that are often significant in size and cost. 

Join us on November 7 at the second annual BC Business Summit - Building BC for the 21st Century: Innovation in Infrastructure, hosted by the Business Council of British Columbia. National and international experts will explore how we can meet the future infrastructure needs of our communities and our economy, global and domestic factors impacting our infrastructure networks, and how other jurisdictions are meeting their infrastructure challenges. This is a must attend event for business and community leaders working to build our economy and communities across the province.

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