DOWNLOAD “Is BC Poised to be the Next Tech Hot Spot?”
When tech grows, everyone benefits
Overall, the tech sector is responsible for $23-26 billion of BC’s GDP and more than 165,000 jobs. Growth in the sector benefits the rest of the economy more than growth in primary resource industries.
The potential is huge, but more investments are needed
BC’s tech sector is growing at double the rate of the overall provincial economy; however, only 11% of Canada’s high tech jobs are in BC, compared to 41% in Ontario, and employment growth has been relatively flat since 2009. More strategic investments are needed to help BC achieve its potential.
Download our report to read more and see our key findings
Sometimes it *is* just about wind turbines and home retrofits.
In 2007, Glenn Johnson, a Surrey resident, founded Endurance Wind Power. Less than 10 years later, his wind turbine manufacturing and energy generation business employs 155 educated professionals – and the majority live in Surrey, where the company is based.
This company is just one component of the clean tech hub that the City of Surrey is hoping to establish in the next five years as a way to diversity the local economy and create local job opportunities for the half-million people living in Canada’s fastest-growing municipality. Simon Fraser University’s Surrey campus has partnered with the City and is investing heavily in clean tech research, bolstering this opportunity.
A burgeoning industry
Endurance Wind Power, along with other emerging Surrey clean tech businesses, is part of a larger trend. High tech jobs, and specifically those in clean technology, have been in the news a lot lately – and for good reason. They’re fast becoming one of BC’s core economic pillars.