Business

2010 Games boosted economy: PWC report

2010 Games boosted economy: PWC report

Two studies conducted by PricewaterhouseCoopers (PwC) point to wide-ranging economic and social benefits from hosting the Vancouver 2010 Olympic and Paralympic Winter Games.

The reports, which cover the period of 2003-2009 and the first three months of 2010, show some positive impacts for both B.C. and Canada in the areas studied.

The greatest cumulative impacts occurred in employment, where more than 45,500 jobs were created. Incremental tourism spending is estimated at $463 million.

Mortgage financing reform needed to avoid another crisis: report

Mortgage financing reform needed to avoid another crisis: report

In a report released today by the Canadian Centre for Policy Alternatives (CCPA), two prominent economists propose changes to U.S. and Canadian mortgage finance polices to prevent a future financial crisis.

 

The report is authored by Doug Peters, former Secretary of State (Finance) and former TD Bank Chief Economist, and economic consultant Arthur Donner.

New community currency — what will it look like?

New community currency — what will it look like?

In what amounts to, literally, a license to print money, a group of local economy advocates are about to launch a regional currency that will be in circulation throughout the Columbia Basin early next year.

It’s true: as early as next February, Columbia Community Dollars will be tradable online and in circulation as paper money in an initial six communities: Kimberley, Fernie, Cranbrook, Rossland, Valemount and Nelson. Other communities in the Columbia Basin are most welcome to participate.

But what will this new money look like — and how will it work?

Moderate economic growth ahead for BC

Moderate economic growth ahead for BC

B.C.’s economy is expected grow moderately over the next year according to B.C.’s independent Economic Forecast Council.

“B.C.’s economy has performed better than expected this year,” said Finance Minister Colin Hansen. “Given ongoing instability in U.S. and European markets, the council agrees it is essential B.C. continue to exercise prudence as we move forward in budget planning.”

Tri-city mayors/Chambers of Commerce seek economic development synergy

Tri-city mayors/Chambers of Commerce seek economic development synergy

Riding the high of a successful tri-city bid to host the 2011 B.C. Senior Olympic Games, the tri-city mayors and Chambers of Commerce met last week to discuss further economic development in the region.

Castlegar Mayor Lawrence Chernoff, along with Trail Mayor Dieter Bogs and Nelson Mayor John Dooley, met with Chamber of Commerce representatives on Nov. 29. in Castlegar.

Whitewater set to open, preps for development at base of hill

Whitewater set to open, preps for development at base of hill

By Timothy Schafer, The Nelson Daily

With the weekend opening of the Whitewater Ski Resort season one day away, an opening of another sort on the mountain is still gestating, says the hills’ general manager.

Brian Cusack said the master plan — finalized and adopted by Ministry of Tourism, Culture and the Arts in the beginning of June — is still on schedule to see the first shovel hit the ground on real estate development in 2013.

The notion of a $40-million expansion and development project still looks

Castlegar kid takes top honours in regional contraption contest

 Madia Mikayla and Malin of Mt. Sentinel. Winners of the 2010 Kootenay Contraption Contest

Castlegar's own Laura Monsen, a student at Stanley Humphries Secondary School, took top honours in a region-wide competition challenging kids to envision the technology of tomorrow.

High costs driving city's workforce outside of Nelson: report

High costs driving city's workforce outside of Nelson: report

By Timothy Schafer, The Nelson Daily

The cost of living in Nelson is so high that more than half of the city’s workforce comes from outside of the municipal limits, according to the final Business Retention and Expansion report released Friday.

Prepared and researched by Mike Stolte for the Nelson and Area Economic Development Partnership (NAEDP), the report cited cost of living as a critical employee issue by 63 per cent of employers.

Castlegar wins Supreme Court case over City Centre Motel

Castlegar wins Supreme Court case over City Centre Motel

The Supreme Court of B.C. has found in favour of the City of Castlegar after owners of the City Centre Motel downtown requested a judicial review of city council's decision to order the structure demolished.

RCMP warn of US funny money

RCMP warn of US funny money

Police are warning local retailers to think twice before accepting U.S. $50-bills.

Castlegar RCMP Cpl. Dan Pollock said there have been four separate instances (two in Castlegar and two in Grand Forks), in which the counterfeit bills were passed, and for goods ranging, “from renovation supplies, to pizza to general merchandise.”

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