Economic Development and Official Languages Minister Melanie Joly responds to a question in the House of Commons Monday November 23, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Economic Development and Official Languages Minister Melanie Joly responds to a question in the House of Commons Monday November 23, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

Federal minister touts need for new B.C. economic development agency

Last December’s federal economic update promised a stimulus package of about $100 billion this year

The federal economic development minister says business leaders in British Columbia want to work with a new development agency aiming to help them endure the COVID-19 pandemic and plan for the future.

Melanie Joly said she’s heard from entrepreneurs and business owners across B.C. about the support for a home-based economic development agency, including during an online forum Friday with the Greater Vancouver Board of Trade.

Joly said the promised B.C.-based agency will provide targeted economic support and relief in the form of loans, subsidies and advice about federal programs.

“People want to be able to have access to levers to survive the economic crisis and the pandemic, but at the same time people want to talk about the future and want to be optimistic as the vaccinations roll out,” she said in a phone interview.

Joly said she’s heard in panel discussions with business leaders that they’re concerned about the distance between Ottawa and B.C. as entrepreneurs argue for an agency that is closer to home.

“There’s a feeling of disconnection towards the federal government,” she said. “That has created sometimes frustration on the part of people in B.C. We need to increase our impact, our footprint. We need to make sure that people trust the fact that the federal government is there for them.”

Joly, who is also the minister responsible for Western Economic Diversification Canada, said B.C. entrepreneurs have told her the province’s economy was growing before the COVID-19 pandemic and they need help now to get them through.

Last December’s federal economic update promised a stimulus package of about $100 billion this year, she said, adding the budget for the new B.C. agency has not been set and there’s no date yet for an opening date.

“I always have a sense of urgency in life,” Joly said after her meeting with the Greater Vancouver Board of Trade. “I’m a very impatient person, so the team and I are working extremely hard to make sure we can launch this new B.C. agency but we need to make sure we do things right.”

Dirk Meissner, The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Business

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Greg Chow is the 2021 Local Hero of the Year. (Don Denton/Black Press Media)
Fighting fire a family affair for Colwood Assistant Chief Greg Chow

With 38 years of service, Greg Chow is the 2021 Hero of the Year

(Black Press Media file photo)
B.C. residents can reserve provincial camp sites starting March 8

B.C. residents get priority access to camping reservations in province

The Gordon Head Recreation Centre stands in as the Quimper Regional Hospital on Feb. 23 for filming Maid, a 10-part Netflix series. (Greg Sutton/District of Saanich)
Netflix transforms Saanich recreation centre into hospital for filming

Facility was closed to public Feb. 23 for filming of Maid

Sooke Road was down to single lane alternating traffic after a motor vehicle incident Wednesday morning. (Google Maps)
UPDATED: Sooke Road reopen after motor vehicle incident

Emergency crews were on scene of Wednesday morning incident

Dr. Bonnie Henry talk about the next steps in B.C.'s COVID-19 Immunization Plan during a press conference at Legislature in Victoria, B.C., on Friday, January 22, 2021. THE CANADIAN PRESS/Chad Hipolito
456 new COVID-19 cases in B.C., 2 deaths

Since January 2020, 78,278 have tested positive for the novel coronavirus in B.C.

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of Feb. 23

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

(Black Press Media File Photo)
POLL: Are you struggling with Greater Victoria’s cost of housing?

While Victoria remains one of the most expensive cities in the country… Continue reading

A health-care worker prepares a dose of the Pfizer-BioNTech COVID-19 vaccine at a UHN COVID-19 vaccine clinic in Toronto on Thursday, January 7, 2021. (THE CANADIAN PRESS/Nathan Denette)
Vaccinating essential workers before seniors in B.C. could save lives: experts

A new study says the switch could also save up to $230 million in provincial health-care costs

The late Michael Gregory, 57, is accused of sexually exploiting six junior high students between 1999 and 2005. (Pixabay)
Former Alberta teacher accused of sexually assaulting students found dead in B.C.

Mounties say Michael Gregory’s death has been deemed ‘non-suspicious’

According to a new poll, a majority of Canadians want to see illicit drugs decriminalized. (THE ASSOCIATED PRESS)
Majority of Canadians think it’s high time to decriminalize illicit drugs: poll

More than two-times the B.C. residents know someone who died from an overdose compared to rest of Canada

Photograph By @KAYLAXANDERSON
VIDEO: Lynx grabs lunch in Kamloops

A lynx surprises a group of ducks and picks one off for lunch

Two women were arrested in Nanaimo for refusing to wear masks and causing disturbance on a BC Ferries vessel. (File photo)
B.C. ferry passengers arrested and fined for disturbance, refusing to wear masks

Police said woman threatened their pensions in Feb. 21 incident aboard Nanaimo-bound boat

When his owner had knee surgery, Kevin, 2, was able to continue to go for walks thanks to volunteers from Elder Dog Canada. (Contributed photo)
B.C. woman has nothing but praise for Elder Dog Canada

National organization has a fleet of volunteer walkers ready, but needs more clients to serve

Most Read