TEAM for a Livable Vancouver Unveils Economic Development Policy Plan
VANCOUVER, Sept. 10 – TEAM for a Livable Vancouver today announced a plan to strengthen local businesses, attract investment and create good-paying jobs.
Create the Vancouver Economic Development Agency (VEDA), an independent, arm’s-length organization that will focus on attracting investment and head offices, supporting local businesses and creating high-paying jobs.
Revitalize Vancouver’s neighbourhood shopping streets with a $4-million revitalization fund to restore historic storefronts, strengthen independent businesses, improve public spaces and bring new life to the local commercial districts that give Vancouver’s neighbourhoods their character.
Diversify Vancouver’s economy beyond real estate development by supporting sectors where Vancouver and British Columbia have a competitive advantage. That includes technology, life sciences, critical minerals and mining, film and digital media, and tourism.
Since December 2022, Vancouver has added just 7,900 jobs – growth of only 1.7%. Other major Canadian cities have experienced much stronger job growth.
City Hall has treated real estate development as Vancouver’s main economic strategy for far too long. TEAM believes a livable city needs a diverse and thriving economy where businesses can start, stay and grow.
A TEAM City Council will make Vancouver more competitive, strengthen local businesses and create more opportunities for residents to build careers and a future in our city.
