Reduced Timber Supply Supports Diversification Plans
By 250 News
Prince George, B.C. - The latest timber supply report is not very encouraging (see How long Will the Beetle Wood Last)? Indicating there will be a significant drop in available timber in the not too distant future, and with mills facing reductions in timber supply, there is a very strong possibility there could be some tough times ahead for communities which rely on forestry as their main economic engine.
Initiatives Prince George Director of Economic Development, Kathie Scouten says what we need to do is to continue on with what we have been doing “Which is diversify into some of these other areas we have talked about, where we have been able to create jobs. The most important thing is that we have very strong fundamentals that should allow us to do that. We do have a strong working population, some entrepreneurial culture here, and we do have opportunity in everything from mining to some of the transportation development, some of the more urban services, hospitality, tourism, so there are opportunities there. We’ve got a strong engine to drive us, so rather than focus on the fall down, we need to focus on continuing to maintain that job creation ability.”
Scouten says the latest "Industry Structure by Employment" figures (see table below) show Prince George has a varied workforce, that has been able to withstand the most recent "adjustments" in the forest industry.
Persons Employed (,000s) | Change from ’02 - ’06 | |||
Category | 2002 | 2006 | ,000’s | % |
Total all industries | 42.7 | 45.0 | 2.3 | 5.4% |
Agriculture | 0 | 0 | 0 | 0 |
Forestry,Fishing, Mining, Oil Gas | 2.0 | 2.2 | 0.2 | 10.% |
Utilities | 0 | 0 | 0 | 0 |
Construction | 2.9 | 2.5 | -0.4 | -13.8% |
Manufacturing (includes sawmills and pulp mills) | 6.8 | 5.4 | -1.4 | - 20.6% |
Wholesale / Retail Trade | 6.5 | 7.8 | 1.3 | 20.0% |
Transportation and Warehousing | 3.6 | 2.8 | -0.8 | -22.2% |
Financial, Insurance, Real Estate and Leasing | 1.5 | 1.7 | 0.2 | 13.3% |
Professional, Scientific and Technical Services | 1.5 | 2.7 | 1.2 | 80.0% |
Business Building and other support services | 0 | 0 | 0 | 0 |
Educational Services | 2.8 | 3.7 | 0.9 | 32.1% |
Health Care and Social Assistance | 5.3 | 5.2 | -0.1 | -1.9% |
Information, Culture and Recreation | 1.5 | 2.2 | 0.7 | 46.7% |
Accommodation and Food Services | 3.1 | 3.4 | 0.3 | 9.7% |
Other Services | 2.0 | 0.0 | -2.0 | -100.0% |
Public Administration | 1.9 | 2.2 | 0.3 | 15.8% |
Scouten says the latest timber supply report doesn’t show it, but there will be people leaving the workforce not just because of a possible downturn in the forestry industry but because of an aging demographic “Any of the modeling on forestry adjustment doesn’t take into account we will have people leaving the workforce due to the aging factor.”
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