Emerging Economy Task Force to guide B.C.’s economic strategy

Emerging Economy Task Force Guides B.C.’s Economic Strategy

Emerging Economy Task Force to guide B.C.’s economic strategy

Earlier this summer the new B.C. Emerging Economy Task Force was launched, with the goal of ensuring British Columbians around the province can benefit from advances in innovation and technology.

The 14-member task force, led by chair Kathy Kinloch, is composed of people with a range of expertise and experience, from industry, business and academia. It has been established to provide a better understanding of how global conditions and emerging technological advancements will shape the future of B.C.’s economy.

“Understanding the emerging economy is imperative to ensuring that everyone has the opportunity to participate and benefit from our economy as it grows and evolves,” said Bruce Ralston, Minister of Jobs, Trade and Technology. “The task force will gather input from industry leaders to assess and determine the changing nature of business and the economy in the years ahead, and recommend how our government can best anticipate change.”

The Emerging Economy Task Force is a central part of the B.C. government’s Confidence and Supply Agreement with the B.C. Green Party caucus.

“To support our province’s long-term economic success, we need made-in-B.C. solutions to stay on top of the changing nature of business,” said Andrew Weaver, B.C. Green Party leader. “We proposed an Emerging Economy Task Force as a means of addressing how technology, innovation and global trends are changing business and society. This task force brings together key people who can identify the challenges we will face in the years ahead, and help us capitalize on the opportunities that arise.”

To maintain B.C.’s strong economic position, it is important for communities and industries to embrace innovation in order to capitalize on potential new developments.

“The priority of the task force is to define what an emerging economy in B.C. looks like, and what factors will affect economic growth in the next five, 10 and 25 years,” said Kinloch, president of the British Columbia Institute of Technology. “We will be working collaboratively to deliver advice and recommendations to the government that will help shape policy and provide made-in-B.C. solutions to support an innovative and diverse economy.”

The task force held its first meeting on Tuesday, July 10, 2018, at MineSense Technologies, a leading B.C. data analytics firm that specializes in creating innovative technologies for the mining industry.

“MineSense develops and utilizes new digital technologies that are transforming the mining industry,” said Jeff More, MineSense CEO. “The work of the Emerging Economy Task Force will help B.C.’s industries stay ahead of the technological curve.”

The task force will undertake engagement, assessment and advisory work starting in summer 2018, and will provide an interim report to the Ministry of Jobs, Trade and Technology in fall 2018. A final report is due in spring 2019 and will be made public shortly thereafter.

Learn More: Emerging Economy Task Force

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