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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.