Population Growth, High Employment & Expanding Opportunities For North
By 250 News
Prince George, B.C. - Initiatives Prince George is laying out what appears to be the perfect combination for a bright economic horizon for the region.
In its first economic update of the new year, IPG is highlighting gains made in 2010: for the 4th consecutive year, the population in Prince George rose, the number of people working hit levels not seen in a decade, and current and upcoming major projects will translate into nearly $2.5-billion dollars of investment throughout Northern B.C..
"Overall, the Prince George population has grown in size by 3.7-percent since 2006, reaching a level that has not been seen since the year 2000," says the IPG newsletter.
The upswing in population is directly attributed to robust employment activity last year, with employment levels increasing a stellar 10.9-percent from 2009 to 2010. Initiatives says, "Last year, the number of employed persons in the city was the highest it has been in almost 15-years."
IPG, the city-owned corp. tasked with 'growing and diversifying the local economy', says the increase in population and employment in Prince George and across the Northern region is indicative of expanding economic opportunities related to many sectors, including transportation, mining, bioenergy, oil & gas, and health care.
A listing of major projects underway or upcoming seems to round out the rosy picture:
- $100-million dollars for the BC Cancer Agency Centre for the North
- $917-million dollars for Terrane Metals' Mt. Milligan project
- $300-million for Rio Tinto Alcan's Kitimat modernization
IPG says these projects and other key investments will augment all sectors of the economy. Initiatives says based on its share of businesses and employment relative to the rest of the region, Prince George has benefited greatly from all the activity throughout the North in recent years. "This is expected to continue to pick up pace in 2011 and in subsequent years."
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I think IPG should be shut down and the city should be doing the work of facilitating new business in PG. The money saved would go a long way to a lot of far more productive uses of precious tax resources. Let the province pay for the 'regional economic development office' out of their windfall profits from gas sale leases in the north.
I think we are all being had here in PG with the cost of IPG, their results as an organization, and the whole concept. Home owners can't continue to subsidize the well connected anymore IMO.