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Hi Tech

The high technology sector is a growing part of British Columbia's diverse economy, offering the prospect of strong economic growth in the years to come as well as a local source of technology inputs to the province's resource-based industries.

Profile of the British Columbia High Technology Sector--2005 Edition:
BC Hi Tech

Input Indicators of the British Columbia High Technology Sector--2005 Edition:
BC Hi Tech Input 2005

Biotechnology

British Columbia's approximately 90 biotechnology companies comprise the fastest growing biotech community in Canada, and the seventh-largest biotech cluster in North America, accounting for almost a quarter of biotech R&D spending in the country, thanks to an annual compound growth rate of 52% over the last seven years. Local employment in the industry measures approximately 3,000, and the majority of these firms are small and medium-sized companies that are concentrated in the Greater Vancouver area

Environmental Industry

British Columbia's environmental sector is comprised of approximately 1,300 businesses that employ about 18,000 people, and generate revenues in excess of $1.9 billion annually. The majority of these firms are small and medium-sized companies that are concentrated in the Greater Vancouver area, with a smaller cluster on Vancouver Island.

Film and TV

Direct film production spending in BC has increased from $12 million in 1978 to over $1.1 billion in 2001. Vancouver is now the third largest film production centre in North America with 3 major film companies, 26 studios, 70 post-production facilities and 50 shooting stages in the region providing employment for over 35,000 people locally. Close to 200 movies and television features are shot here annually.

New Media

As a global hotspot for digital gaming, animation, visual effects and post-production services, Vancouver is on the cutting edge of new product development. More than 800 innovative firms and 15,000 talented workers call Canada's largest new media cluster home.

Natural Resources

The economy is based on the province's great natural resources, primarily its vast forests, which cover 56 percent of its total area. Conifers from these forests are converted into lumber, newsprint, pulp and paper products, shingles and shakes - about half the total softwood inventory of Canada.

Tourism

Each year, about 15 million people visit British Columbia. With over five million hectares of parkland, the Rocky Mountains remain the biggest attraction. Coastal B.C., with its beaches, hiking trails, artists' colonies, wildlife reserves, whale-sighting locales and other attractions, is not far behind. Of increasing attraction to visitors are the Queen Charlotte Islands, large parts of which have recently been set aside as parkland. The area contains untouched wilderness and unique species of flora. The abandoned Haida village of Ninstints is of such historical and cultural importance that it has been designated a world heritage site by UNESCO.

Mining

Copper, gold and zinc are the leading metals extracted from B.C.; sulphur and asbestos are the leading industrial minerals. The most valuable resources, however, are coal, petroleum and natural gas.

Agriculture and Fishing

Agriculture and fishing, especially salmon fishing, are two other key sectors of the economy of British Columbia, whose dairy cattle are among Canada's most productive. The valleys of the southern interior, principally the Okanagan Valley, are famous for cultivation of tree fruits and grapes and for their wine industry. The cooler, wetter climate of the lower Fraser Valley produces rich crops of berries and vegetables.

More Info

www.vancouvereconomic.com

www.bcstats.gov.bc.ca


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