Economic Development
What’s Gone Wrong
High property taxes and fees have driven out small businesses from our main streets. A chronic over-reliance on the real estate industry has caused the land values to skyrocket, while other forms of industry have been ignored or undermined by the relentless focus on land speculation.
The TEAM Difference
TEAM will focus on building a thriving local economy where talented local entrepreneurs and small businesses thrive. TEAM will end Vancouver’s over-reliance on real estate speculation by developing a more diversified economy, strengthening the profitability of our commercial areas and protecting our dwindling industrial land base.
Our Solutions
1
Building a More Diversified Local Economy
End the over-reliance on real-estate speculation by protecting job-producing industrial and economic lands through the preservation of commercial, office, and industrial zoning, and investing in our growing industries such as film and tourism.
2
Putting Small Businesses First
Reduce taxes and regulatory fees, stop inflationary land upzoning, lower lease and rental rates on city-owned land, and updating city procurement process to prioritize local businesses.
3
Revitalizing Our
Main Streets
Work with Business Improvement Associations to revitalize our main streets, lowering parking rates and ensuring parking accessibility, and preventing the hollowing out of neighbourhoods by supporting local businesses during construction
4
A Business-Friendly
Vancouver
Streamline the permitting process for business establishment or expansion – from small local-servicing shops to major industries and large-scale employers.