Provincial Business News Summary

Provincial Business News

  • Hosting, Ticketing Program Showcases BC to the World
  • 2010 Economic Outlook Stabilizing, But Risks Remain
  • Rebates Mean No Tax Increase for Schools and Hospitals
  • BC Takes Over Local Delivery of Agriculture Programs
  • Pacific Leaders Take Action

Hosting, Ticketing Program Showcases BC to the World

The BC government has released details of its 2010 Olympic and Paralympic business hosting strategy, which will feature dozens of events and outreach opportunities to promote British Columbia’s core industries, diverse regions and communities, and investment and job-creation potential throughout the province — a once-in-a-lifetime opportunity: http://www2.news.gov.bc.ca/news_releases_2009-2013/2010STED0006-000128.htm BC Chamber editorial: ‘Ticket to Leveraging the Olympic Legacy’: http://www.bcchamber.org/news/releases/throne_speech_feb_10_2010.html

2010 Economic Outlook Stabilizing, But Risks Remain

British Columbia’s economy is stabilizing and is expected to grow 2.9 per cent in 2010, partly due to the effects of the 2010 Olympic and Paralympic Winter Games, but the outlook for later years has moderated slightly. Economic Forecast Council outlook for 2010: http://www2.news.gov.bc.ca/news_releases_2009-2013/2010FIN0003-000040.htm

Rebates Mean No Tax Increase for Schools and Hospitals

New provincial HST rebates proposed for qualifying schools, universities, public colleges and hospital authorities will ensure that, on average, these institutions pay no more tax when HST is implemented on July 1, 2010. BC Chamber of Commerce welcomes the provincial government’s step in finding ways to mitigate any negative impact from HST: http://www2.news.gov.bc.ca/news_releases_2009-2013/2010FIN0002-000026.htm

BC Takes Over Local Delivery of Agriculture Programs

The AgriStability program will now be delivered provincially by local experts who can better tailor service to the needs of B.C. farmers: http://www2.news.gov.bc.ca/news_releases_2009-2013/2010AL0005-000107.htm

Pacific Leaders Take Action

Leaders from British Columbia, California, Oregon, and Washington have agreed to a series of joint actions to help create jobs and strengthen the Pacific Coast economy: http://www2.news.gov.bc.ca/news_releases_2009-2013/2010PREM0028-000157.htm

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