"JOBS STRATEGY" with MLA Pat Bell
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- 2. APPROACH Protecting and creating jobs is about getting our overall economic and fiscal fundamentals right. Its about taking decisive actions that remove barriers to investment and which support export opportunities in new, powerful markets Premier Christy Clark 2 1
- 3. 3 KEY PILLARS 1. Expanding markets for BC products and services, particularly in Asia 2. Strengthening infrastructure to get our goods and services to market 3. Working with communities and employers to enable jobs creation 3 2
- 4. UNDERPINNING THE 3 KEY PILLARS 4. Skills and training programs that lead the way to the jobs of tomorrow 5. Prudent and fiscally responsible approach 6. Leveraging BCs strengths in key sectors 4 3
- 5. BUILD ON BCs UNIQUE ADVANTAGES Canadas Pacific Gateway Abundance of energy and natural resources Multilingual and multicultural society Safe harbour for investment Competitive tax rates Globally sound banking system Open trade and regulatory reform Highly skilled and educated workforce any strategy to strengthen the BC economy has to focus on traded Leadership in emerging technologies industries... Clean and green reputation - Outlook 2020: Shaping BCs Economic Future (BC Business Council) Superior quality of life 4
- 6. HISTORIC OPPORTUNITY: SHIFTING CONSUMPTION Shares of global middle class consumption, 2000-2050 Today 2020 2050 BCs EW TARGET MARKET 5
- 7. FOCUS ON KEY SECTORS The BC Jobs Plan seeks to defend and create jobs by accelerating opportunities in sectors where: 1 The projects are driving new investment in BC 2 BC has a competitive advantage 3 Every community in BC, big or small can identify ways that the projects support their local economy 6
- 8. LESSONS FROM CHINA Focus on Chinese market resulted in 10-fold increase in the value of lumber exports to China since 2003 10,000 direct jobs created for BC families 7
- 9. KEY SECTORS DRIVING EXPORT GROWTH NATURAL RESOURCE KNOWLEDGE BASED INFRASTRUCTURE SECTORS SECTORS SECTORS Forestry Technology, International Mining Clean Tech and Education Natural Gas Green Economy Transportation: Tourism Ports, Marine Agri-Foods and Aerospace 8
- 10. BC JOBS PLAN KEY ANNOUNCEMENTS ENHANCED INVESTMENT ATTRACTION Major Investments Office BC Jobs and Investment Board Aboriginal Business and Investment Council 9
- 11. BC JOBS PLAN KEY ANNOUNCEMENTS OPENING MARKETS Doubling BCs international presence in key and expanding markets New promotional campaign Hosting program for potential investors Aggressively seek reduction or elimination of protectionist measures in other jurisdictions 10
- 12. BC JOBS PLAN KEY ANNOUNCEMENTS SKILLS OF TOMORROW Regional workforce tables Trades training conference in 2011 $6m per year to support industry sector partnerships Apprenticeship Training Tax Credit extension More entrepreneurs and skilled workers through the Skilled Worker Program and Provincial Nominee Program 11
- 13. BC JOBS PLAN KEY ANNOUNCEMENTS NATURAL RESOURCE DEVELOPMENT $24 million to streamline natural resource development approvals and permits 12
- 14. BC JOBS PLAN SECTOR FOCUS FORESTRY Wood Innovation Centre Ongoing expansion of markets in Asia OPPORTUNITIES: Lumber exports to China Wood exports to Japan for post earthquake reconstruction Increased pulp exports to Asia Bioenergy (pellet) sales to Europe and Asia Targeted marketing of wood as green building product and expanded use in non-residential construction 13
- 15. BC JOBS PLAN SECTOR FOCUS MINING 8 new mines and the expansion of another 9 mines currently operating in BC by 2015 OPPORTUNITIES: Demand from Asia Increased foreign investment Global standard for environmental responsibility Northwest Transmission Line 14
- 16. BC JOBS PLAN SECTOR FOCUS NATURAL GAS Plan to grow LNG industry in BC 1) improve permitting and decision making processes 2) skills and training development 3) investment attraction 4) international marketing OPPORTUNITIES: LNG exports to Asia Increase domestic demand transportation infrastructure and fleets that utilize LNG LNG conversion facilities 15
- 17. BC JOBS PLAN SECTOR FOCUS AGRI-FOODS Open new domestic markets for BC wines Report on opportunities for innovation in greenhouse heating OPPORTUNITIES: Sales of safe and secure BC products to Asia - beef, pork, blueberries, cherries, salmon, seafood 16
- 18. BC JOBS PLAN SECTOR FOCUS TECHNOLOGY $3m increase to Small Business Venture Capital Tax Credit Climate change leader work with clean energy companies to develop the sector Leverage investment in Genome BC and Michael Smith Foundation Expedite immigration process for researchers and scientists R&D investments and venture capital will be focused on key sectors and on commercialization OPPORTUNITIES: Demand in Asia Export of BC technology developed based on our strengths (clean energy, green buildings, environmental protection, e-health, ICT, digital) 17
- 19. BC JOBS PLAN SECTOR FOCUS TOURISM Explore new opportunities for First Nations cultural tourism, agri- tourism and adventure tourism Make BC the #1 ski destination in North America OPPORTUNITIES China approved destination status Emerging middle class in India Canadian and US travellers Attracting conventions and marquee events to BC 18
- 20. BC JOBS PLAN SECTOR FOCUS INTERNATIONAL EDUCATION International education council International marketing strategy Strengthen BCs Education Quality Assurance Work with communities to welcome international students Send more BC students abroad to study OPPORTUNITIES Social gateway to Asia Showcase K-12 and post secondary institutions with capacity to host increased numbers of international students Expand R&D partnerships e.g. MITACS 19
- 21. BC JOBS PLAN KEY ANNOUNCEMENTS PORTS, MARINE AND AEROSPACE $15m contribution to $90m Road Rail Utility Corridor Project $50m to improve the corridor that connects Deltaport to Canadas rail transportation network $5m in improvements to ensure commercial carriers and travellers can make efficient border-route planning decisions Access to federal aerospace research and procurement funds Assess feasibility of Foreign Trade Zones OPPORTUNITIES Ongoing strengthening of Asia Pacific Gateway 20
- 22. BC JOBS PLAN TARGETS ON THE PATH TO SUCCESS Top 2 in GDP and new jobs growth in Canada by 2015 Increase number of international students by 50% over next 4 years 8 new mines and 9 upgrades and expansions to existing mines At least one LNG pipeline and terminal in operation at Kitimat by 2015 and three in operation by 2020 In 2012, 80% reduction in mining permit backlog and 50% backlog reduction in water and land permitting Deltaport and Ridley Island terminal upgrades completed and operational by 2014 Border technology and information systems in place by March 2012 21
- 23. BC JOBS PLAN TARGETS ON THE PATH TO SUCCESS YVR to attract one new international carrier per year for next 2 years 10 new non-treaty agreements in place with BC First Nations by 2015 Small Business Venture Capital Program tax credit enhanced by 2012 Business tax competitiveness review to inform Budget 2012 Commitment to zero net regulatory gain through 2015 Regulatory Reporting Act enacted in 2012 Report on the greenhouse industry released by end of 2011 22
- 24. OPEN GOVERNMENT The BC Jobs Plan is a partnership between government, industry, and communities 1. Where are the best opportunities to create jobs ? 2. What are the barriers to creating jobs in your communities ? 3. What is the best way for government to engage with businesses and communities to set and reach the goals of the Jobs Plan ? 24 23
- 25. I look forward to working with you www.bcjobsplan.ca Pat Bell Minister of Jobs, Tourism and Innovation 25
Editor's Notes
- #8: GDP MultipliersSource: 2004 British Columbia Provincial Economic Multipliers, March 2008A $ injection would be multiplied by the numbers indicated; the first dollar = 1 and the multiplier is the fraction after 1. E.g., an injection of $1 from an international student would result directly in a $1.64 impact on GDP, and $2.05 when indirect* and induced* effects are taken into account.Agri-food Crop and animal production DIRECT 1.4; TOTAL 1.81 Food manufacturing DIRECT 1.29; TOTAL 1.59Forestry Forestry and logging DIRECT 1.46; TOTAL 1.76 Wood product manufacturing DIRECT 1.38; 1.84 Paper manufacturing DIRECT 1.25; TOTAL1.69Natural Gas - Oil and gas extraction DIRECT 1.75; TOTAL 1.89Mining - Mining extraction (Not available)High TechnologyComputer and electronic product manufacturing DIRECT 1.32; TOTAL 1.61 Professional, scientific and technical services DIRECT 1.59; TOTAL 1.94International Education - Educational services DIRECT 1.64; TOTAL 2.05TourismAccommodation services (50%, with food services) DIRECT 1.58; TOTAL 1.88Transportation (26%) DIRECT 1.38; TOTAL 1.77Retail trade (14%) DIRECT 1.62; TOTAL 1.94Green Economy - Waste management and remediation services DIRECT 1.56; TOTAL 1.87Transportation - Air, rail, water, and scenic transportation DIRECT 1.38; TOTAL 1.77*Direct effect is what the $ expenditure buys e.g. hotel room accommodation, college course registration. * Indirect effect is what the hotel/college spends to provide the good/service e.g. hotel staff, furnishings, college curriculum, facilities. Induced effect is what those providing the good/service spend e.g. hotel/college staff purchase food, haircuts, etc.Direct, indirect and induced (included under the assumption that the activity stems from exports, or first dollar in)