The Top 5 Vancouver Business News Stories You Need to Know About This Week
Are you interested in the latest business news happening in Vancouver right now? Look no further as we have gathered and reviewed the most noteworthy stories to keep you informed.
1. Vancouver’s Intergovernmental Partnership Receives Funding to Support Economic Recovery
The Vancouver Economic Commission (VEC) has secured funding amounting to $1,300,000 from Western Economic Diversification Canada. This will enable them to expand their Intergovernmental Partnership (IGP) program and support economic recovery efforts within the city. The program aims to create a collaborative environment among different levels of government and industry stakeholders to develop practical solutions for the city’s economic challenges.
2. Amazon to Open Fifth Distribution Centre in Metro Vancouver
Amazon is set to open a new 450,000 square feet distribution center in Delta, which will be the company’s fifth in the metro Vancouver area, and is predicted to create around 2,000 new jobs. The new centre will focus on smaller items such as books, electronics, and toys.
3. Vancouver Expands its Innovative E-Commerce Marketing Strategy
The City of Vancouver has recently launched an e-commerce program aimed at helping small and medium-sized businesses expand their online presence. The program—which is part of the larger Digital Main Street initiative—provides free digital marketing training and support to eligible businesses. The initiative has been a success so far, with over 200 businesses participating in its first phase.
4. BC Ferries to Move Ahead on Major Upgrade of Horseshoe Bay Terminal
BC Ferries has finally received the green light to move forward with a significant upgrade of the Horseshoe Bay terminal that services the West Vancouver-to-Nanaimo route. The upgrade will reduce congestion and improve the overall customer experience. This project is also expected to generate an estimated 200 jobs during the construction phase.
5. Vancouver Company Named Top Employer in British Columbia
Vancouver based Fortis BC, a natural gas utility company has been named as one of BC’s top employers for 2022. The selection process evaluated each candidate’s workplace environment, employee benefits, and community involvement. This is the ninth year in a row that Fortis BC has won the title, and this achievement is a testament to their corporate culture and dedication to employee well-being.
Conclusion
From infrastructure upgrades, e-commerce programs, and intergovernmental partnerships, to job creation through major distribution centers, the business news in Vancouver continues to be exciting and dynamic. Keeping up with these developments can provide you with valuable insight into the city’s thriving business landscape.
