Investment News for North Central BC
Prince George is Canada’s western-most inland port and newest Foreign Trade Zone due to our transportation network, duties and benefits program and investment opportunities.
Calgary-based company West Olefins has announced its plans to build a $5.6-billion petrochemical plant in the BCR industrial site creating up to 1000 long term jobs.
The Prince George Global Logistics Park is situated between Highways 16 and 97, is adjacent to the Prince George International Airport, and is approximately 3 kms away from railroad transportation.
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.
Terri McConnachie, executive officer for the Canadian Home Builder’s Association, described this year’s construction season as “hair straight back” for the region’s builders, designers and tradespeople.
There was over $11 million worth of building permits issued in February 2019 in Prince George and significant increase over 2018.
CN Rail has announced a $345 million dollar investment into railway infrastructure in BC, including 2.5 miles of double track west of Prince George.
The University of Northern British Columbia (UNBC) is welcoming a full civil and environmental engineering program alongside $3.5 million for new learning facilities.
The City of Prince George offers an incentive program for multi-family housing located in key growth areas that incorporates adaptable housing standards into 50 per cent of the units.
Over recent decades, Prince George has developed from a mainly forest-based economy to a city driven by a strong natural resource base. The local economy is now diversified across multiple sectors.
TORONTO — A new report says Canadian commercial real estate transactions hit a record high in the second quarter, driven by two major deals and continued strength of the Toronto and Vancouver markets.
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