International Business is Eyeing PG
Prince George is looking good to outsiders looking for a place to set up business.
Melissa Barcellos, the City of Prince George’s Economic Development directory revealed that Prince George is participating in the province’s Provincial Nominee Program’s (PNP) immigration pilot project for rural communities. This program where immigrants from anywhere in the world can apply through PNP to immigrate to Canada if they set up a business has already had 75 inquiries in less than two months which is not typical for our area. The stipulation is that these new businesses must have a storefront and at least one employee working under the proprietor.
The city has also qualified for the federal government’s Foreign Trade Zone (FTZ) program under which specific lands are designated for businesses involved in import – export activity. With this program, a business that locates in Prince George can qualify for federal tax exemptions, tax deferral programs and other incentives which really add to the investment. With the city’s network of highways, rail systems and international airport, Prince George is the kind of “hub” city that stands out as a good investment for cargo distribution and import/export companies.