Tech sector’s economic impact continues to grow: report
The latest figures were announced last week in a report commissioned by the Victoria Innovation, Advanced Technology and Entrepreneurship Council (VIATEC).
The sector has grown by 51% since 2017 and now supports more than 20,000 employees.
The report found that lifestyle was the top advantage for being located in Greater Victoria, followed by our climate and short commute times. The biggest challenges facing tech businesses are a lack of affordable housing for staff, our region’s high cost of living in general and our limited talent pool.
VIATEC started as The Chamber’s Advanced Technology subcommittee before becoming its own organization in 1989.