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B.C. business leaders sound alarm on economic stagnation ahead of election

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Industry groups call for urgent reforms and economic vision to address affordability crisis

Several B.C. business groups at a press conference Tuesday stopped short of endorsing any particular party in the upcoming provincial election, but issued a warning that B.C. has become unaffordable and is stagnating economically.

Whomever forms the next government needs to address the cost of living and have a vision and policies for economic growth, they said.Bridgitte Anderson, president of the Greater Vancouver Board of Trade , said the last five years have been challenging for the province.Groups attending Tuesday's press conference included GVBOT, BCBC, the B.C. Chamber of Commerce, Council of Forest Industries , the Mining Association of BC and the Independent Contractors and Businesses Association .

Reforms are needed for resource companies, like forestry and mining, members of the business associations said. Michael Goehring, president of the MABC, said 17 critical mineral mine projects worth $36 billion are proposed in B.C. "To realize this generational opportunity, we must speed up how we approve mining projects," he said.

 

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