BCBusiness

October 2024 – Return of the Jedi?

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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INVEST in BC 2 0 2 4 57 REGIONAL POPULATION 70,119 UNEMPLOYMENT RATE (MAY 2024) 6.4% TOP EMPLOYERS BY INDUSTRY (2023) Retail trade 14.4% Mining & oil & gas extraction 12.6% Construction 11.8% FORECAST EMPLOYMENT GROWTH, 2023-33 1,600 BUILDING PERMIT VALUES (2023) $563 MILLION HOUSING STARTS (2023) 59 VALUE OF MAJOR PROJECTS PLANNED OR UNDER CONSTRUCTION (Q4 2023) $41.6 BILLION BUSINESS INCORPORATIONS (2023) 589 SOURCES: B.C. L ABOUR MARKET OUTLOOK , STATISTICS CANADA AND B.C. STATS. cost pressures, volatile markets and a decline in the timber supply. There are two metallurgical coal mines in the south of the region around Chetwynd and Tumbler Ridge, Brule and Willow Creek, currently operating, and a handful of others under care and maintenance that could be brought back into service should coal prices permit. These mines send their ore directly to Asia steel mills by rail and through the Port of Prince Rupert. RESERVES IN THE CITY Recent cooperation between the Doig River First Nation (Tsááʔ çhé ne dane) and local municipal- ities in establishing urban reserves illustrates reconciliation in action that creates benefits for the entire community. As a signatory to Treaty 8 in 1900, the DRFN has long held rural reserve lands throughout the Peace Country. But in recent years it has acquired fee-simple properties in Fort St. John and, through a legal process involving the fed- eral government, is in the process of turning these into urban reserves. This status will allow some 2,000 members of the First Nation to live and work in the city where the jobs are while still enjoying treaty rights, tax exemptions and other benefits. As part of the transition, the DRFN has entered into partnership with local government to harmonize the operation and maintenance of infrastructure, bylaws and land use policy. Having established a template in Fort St. John, it is now working towards a similar partnership in Dawson Creek. "It unlocks a lot of economic growth," says Will Fong, an economic advisor to the DRFN. In addition to increasing the labour supply where it's most needed, the urban reserve partnerships provide an outlet for First Nations investment. "The capital that exists within First Nations is pretty significant," he notes. In Fort St. John, for example, the DRFN recently completed engineering and planning work on a $25-million gas station, café/restaurant and office building that represents the first phase of a larger commercial land development. The ribbon-cutting is slated for 2025. • N O R T H E A S T BREADBASKET: The Peace Country represents the northwestern extremity of Canada's prairie grain belt (opposite page); metallurgical coal mining and reclamation near Tumbler Ridge (left) and Chetwynd (below)

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