BCBusiness

May 2018 The New Money

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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ISTOCK MAy 2018 BCBusiness 63 a city between two rivers (the Quesnel and Fraser), Quesnel rst made it onto the map as Gold Pan City, thanks to its status as a gateway to gold-mining centre Barkerville. It quickly became the com- mercial axis of the Cariboo gold rush, which lasted from 1860 to 1863. Four years after that fever died down, the Hudson's Bay Co. store opened in Quesnel; the remodelled building still stands. Across the street is a replica of a Cornish waterwheel, once used to keep mines dry as prospectors dug. More than 30 other heritage sites pay homage to Quesnel's gold-panning past. Today, industries like forestry, mining and agri- culture, the last one mostly ranching, are the city's main job spinners. The top three wood producers in Quesnel seem to have reached a truce: C&C Wood Products Ltd., Tolko Industries Ltd. and West Fraser Timber Co. Ltd. are a ve-minute drive apart. Each has also carved out its own niche in the market, and in the province at large. Many local mining jobs involve support services, with residents keep- ing the Mount Polley mine humming while owner Impe- rial Metals Corp. scours the hills for gold and copper. Quesnel has a large Indige- nous population—at 15 percent, according to the 2016 census, it almost triples the provincial average. In a city of just over 21,000, First Nations residents play a visible and vocal role in civic decisions. In 2010, one of those moves was to install programmable lighting on the footbridge that citizens use to cross the Fraser. Besides showcasing a landmark, the lights brighten holidays and special events. The city also promotes a bylaw of the week every seven days, encourag- ing residents to remember the rules around, say, composting or dog licensing. But residents know how to have fun, too. The Cariboo Hotel's pub is a popular haunt for the region's beer drinkers and billiards enthusiasts. Eve- nings out often call for a visit to the Occidental, the main nightclub, which hosts live music of all kinds. Quesnel's rst espresso shop, Granville's Cošee, with its old-timey post- ers of James Dean and Marilyn Monroe, is there for shaking oš those nights with baked goods and artisan blends. It's also one of the town's main gather- ing spots. There might not be much gold in these parts any- more, but things have panned out for Quesnel. —N.C. Quesnel the onetime gold-panning hotbed has settled into a quieter but equally industrious existence F O R M O R E C I T I E S , S E E BcBUsInEss.cA/BccITYgUIdE S TA R T I N G M AY 1 0 PeoPle populAtion: 21,817 HouseHolD Age (<45, 45-64, >64): 29%, 41%, 30% AveRAge HouseHolD inCoMe: $95,057 AveRAge HouseHolD inCoMe unDeR 45: $92,138 HouSing AveRAge DetACHeD HoMe pRiCe: $287,115 AveRAge ConDoMiniuM pRiCe: $94,700 AveRAge MontHly Rent foR A two-beDRooM: $666 Work Key inDustRies: forestry; mining; agriculture; hospitality and tourism RegionAl uneMployMent: 7.3% (february) BuSineSS totAl vAlue of builDing peRMits issueD in 2017: $94,334 CHAnge fRoM 2016: 35.5% Cost of A business liCenCe: $50-$1,750; typically $75 business pRopeRty tAx RAte: $25 per $1,000 of assessed value AveRAge offiCe leAse RAte, peR sQ. ft./yeAR: n/a AveRAge RetAil leAse RAte: n/a Quality of life MAjoR ReCReAtionAl AMenities: two skating rinks; arts and recreation centre; indoor sports complex; trail network ResiDents wHo wAlK oR biKe to woRK: 3.5%

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