British Columbia’s Economic Plan: Building an Economy that Works for Everyone

The province is launching a bold new long-term economic plan that moves British Columbia forward by tackling today’s challenges while building an economy that works for more people and families.

StrongerBC: A Plan for Today, a Vision for Tomorrow is built on the strength of British Columbia – its people. The plan aims to fill one million jobs over the next 10 years by investing in skills training, building resilient communities and positioning British Columbia as a global leader in a low-carbon economy.

“Our government understands that people are the economy and that growing the economy cannot mean leaving people behind,” Premier John Horgan said. “Today, British Columbia is a national economic leader, and our StrongerBC plan provides a framework for creating a low-carbon economy that works for everyone. An economy built for all is an economy built to succeed.

As a first step in the plan, the province is investing $136.6 million to build a new state-of-the-art trades and technology complex at the Burnaby campus of the Columbia Institute of Technology -British (BCIT). The complex will be a hub for vocational training and will include four new buildings, benefiting more than 12,000 full-time and part-time students per year in more than 20 trades and technology programs.

“The pandemic has exposed deep vulnerabilities in our society, and we know we cannot turn back the clock,” said Ravi Kahlon, Minister for Jobs, Economic Recovery and Innovation. “This plan is your plan. It is built by British Columbians, for British Columbians and puts people first. By investing in people, we will meet the challenges of today while building the economy of tomorrow. And through this plan, we will close our skills gap, prove that we can grow the economy while fighting climate change, and create a more inclusive, sustainable and innovative province.

Anne Kang, Minister of Higher Education and Skills Training, said, “Investing in new skills training infrastructure at BCIT is a crucial part of equipping students for the jobs of the future while supporting a clean economy. and innovative. The new Trades and Technology Complex will help ensure that future students have access to the best tools, instruction and equipment needed to meet the demand for approximately 85,000 new trades jobs expected over the next 10 years.

In addition to building a new trades and technology complex at BCIT, key actions of the StrongerBC economic plan include training British Columbians to succeed in the jobs of tomorrow, accelerating the all BC communities to high-speed internet, creating opportunities for underrepresented entrepreneurs, expanding domestic manufacturing capabilities, establishing an ESG Center of Excellence to promote environmental, social and governance principles for products and services, and creating more resilient BC businesses by expanding access to global markets.

The plan is built on the belief that an economy can grow and prosper, while tackling two fundamental issues: inequality and climate change. The StrongerBC Economic Plan sets the province on this path by working toward inclusive and clean growth, as well as identifying six missions to achieve these goals:

  • supporting individuals and families;
  • building resilient communities;
  • advancing genuine, lasting and meaningful reconciliation with Indigenous peoples;
  • meeting BC’s climate commitments;
  • leader in environmental and social responsibility; and
  • foster innovation across the BC economy.

The StrongerBC Economic Plan is the result of extensive engagement sessions, including sessions led by the Minister of Jobs, Economic Recovery and Innovation with over 300 people from all parts of the province and all horizons, such as business leaders, labor groups, First Nations and Indigenous communities, municipalities, and universities and colleges.

Mariana Mazzucato and her team at University College London – Institute for Innovation and Public Purpose, based in the UK, advised the province on the development of the plan. Mazzucato is one of the world’s foremost economic thought leaders who has advised governments and policymakers to provide solutions to societal challenges.

The plan’s objectives will be monitored using a wide range of progressive indicators. In addition to traditional economic indicators like gross domestic product (GDP) and job numbers, the plan will also measure well-being indicators like affordable housing, post-secondary education and poverty reduction.

StrongerBC: A plan for today, a vision for tomorrow is an evolving plan based on the experiences of British Columbians and designed to be adapted and adjusted. People are encouraged to share their economic priorities and ideas online. Feedback from the survey will help inform future policies and guide the work of the plan.

To participate in the survey, go to: StrongerBC.gov.bc.ca/engage

Quote:

Andrew Mercier, Parliamentary Secretary for Vocational Training –

“With over 85,000 new jobs in the trades expected over the next decade, it is imperative that we invest in the educational opportunities and facilities that apprentices and students need to do their jobs. I am excited about the future presented in the StrongerBC Economic Plan and supported by Skilled Trades Certification. I know our skilled tradespeople are up for the challenge of helping to build a stronger British Columbia for all of us.

Shaquille Davis, BCIT Level 4 Carpenter Apprentice –

“BCIT is a place where students learn to maximize their potential while gaining practical work experience applicable to everyday life. After completing four years of carpentry apprenticeship at BCIT, I am confident that I can tackle any complexity in my field. With support from BCIT, the provincial government and industry partners, there will be more educational opportunities to help students, like me, become innovators for the trades industry.

Kathy Kinloch, President, BCIT –

“This significant investment will facilitate the ongoing transformation of BCIT’s Burnaby Campus and our ability to contribute to BC’s continued pandemic recovery by giving trades and technology learners the skills and credentials they need. for today and tomorrow. This transformation will also equip our incredible faculty and staff with the tools to stay in step with current and emerging industry trends. Our thanks to the province, our generous donors, and BCIT faculty and staff for your crucial support in this key initiative.

Fast facts:

  • In fall 2021, a series of targeted virtual engagement sessions were held with First Nations governments and Indigenous organizations, with engagement continuing through 2022.
  • In addition, more than 300 stakeholders and partners contributed to the development of this plan by participating in 33 virtual engagement sessions.
  • British Columbia leads Canada in economic recovery with more than 100,000 new jobs added in 2021.
  • According to the Labor Market Outlook, more than one million job creations are expected in British Columbia over the next 10 years, approximately 80% of which will require post-secondary education and training.
  • The BCIT Trades and Technology Complex is the first provincially-funded post-secondary capital project that requires proponents to prioritize hiring Indigenous peoples, women and other underrepresented people in the trades through the Community Benefits Agreement.

Learn more:

For more information on StrongerBC: A Plan for Today, a Vision for Tomorrow, visit: https://strongerbc.ca/plan

To download the StrongerBC Economic Plan, visit: https://news.gov.bc.ca/files/StrongerBC_Economic_Plan_2022.pdf

To view a list of economic indicators for StrongerBC: A Plan for Today, a Vision for Tomorrow, visit: https://news.gov.bc.ca/files/Economic_Plan_Tracking_our_Progress_2022.pdf

To learn more about BCIT’s new Trades and Technology Complex, visit: https://commons.bcit.ca/news/2022/02/bcit-trades-technology-students-get-new-training-facilities/

Two background documents follow.

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