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

Shannon Davis, manager at Sidney’s Star Cinema, holds up the largest available bag of popcorn available for sale at the theatre. It also also sells four smaller sizes in generating revenue following its closure last fall because of COVID-19. (Wolf Depner/News Staff)
Sidney theatre fills bottom line with popcorn sales

Theatre applying to return to doing our household-only private rentals

Landis Carmichael is the Goldstream Gazette 2021 Local Hero as the Emergency Services Award winner. (Photo courtesy Landis Carmichael)
29-year-old firefighter has spent almost half his life with Langford department

Landis Carmichael is the 2021 recipient of the Emergency Services Award

The construction zone remains for now at Clover Point, but plans for a new pedestrian zone and partially closed traffic loop were approved by Victoria councillors on Thursday. (Don Descoteau/News Staff)
Victoria council compromises with partial closure of Clover Point

Option preserves parking 14 spots facing ocean, creates more pedestrian space

A wind warning is in effect for Greater Victoria Thursday afternoon. (Black Press Media file photo)
Strong winds predicted for Greater Victoria

Environment Canada issues warning for Thursday afternoon

Provincial health officer Dr. Bonnie Henry updates B.C.’s COVID-19 situation at the B.C. legislature. (B.C. government)
B.C. reports 10 additional deaths, 395 new COVID-19 cases

The majority of new coronavirus infections were in the Fraser Health region

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

Nanaimo Ladysmith Public Schools is preparing a rapid response team proposal for submission to the B.C. Ministry of Education. (Chris Bush/News Bulletin)
Nanaimo-Ladysmith school district chosen as COVID-19 rapid response team

Team to consist of SD68 and Island Health staff, according to B.C. Ministry of Education

A new survey has found that virtual visits are British Columbian’s preferred way to see the doctor amid the COVID-19 pandemic. (Unsplash)
Majority of British Columbians now prefer routine virtual doctor’s visits: study

More than 82% feel virtual health options reduce wait times, 64% think they lead to better health

Captain and Maria, a pair of big and affectionate akbash dogs, must be adopted together because they are so closely bonded. (SPCA image)
Shuswap SPCA seeks forever home for inseparable Akbash dogs

A fundraiser to help medical expenses for Captain and Maria earned over 10 times its goal

The missing camper heard a GSAR helicopter, and ran from his tree well waving his arms. File photo
Man trapped on Manning mountain did nearly everything right to survive: SAR

The winter experienced camper was overwhelmed by snow conditions

Castlegar doctor Megan Taylor contracted COVID-19 in November. This photo was taken before the pandemic. Photo: Submitted
Kootenay doctor shares experience contracting COVID-19

Castlegar doctor shares her COVID experience

Ashley Paxman, 29, is in the ICU after being struck by a vehicle along Highway 97 Feb. 18, 2021. She remains in critical condition. (GoFundMe)
Okanagan woman in ICU with broken bones in face after being struck by car

She remains in serious condition following Feb. 18 incident

Most Read