Government decisions must consider downtown

Let’s be clear about an issue that’s sparking plenty of conversations.

Downtown Victoria is facing a crisis.

That’s not to deny the natural beauty or economic power of downtown, which remains a gem for our region. Anyone who visits our destination can see how special this area is among the world’s small cities.

But most can also see that warning bells are ringing ever louder, and, if immediate action is not taken, we could face an even more dire situation. Businesses downtown are fed up with crime, social disorder, increasing costs and labour shortages, Chamber CEO John Wilson told Global News.

Wilson was speaking about the cumulative impact of all levels of government not doing enough to invest in downtown. The ongoing BCGEU strike signals another pain point. The issue is not with public sector workers seeking to continue working from home, but with a government that has allowed its workforce to flee downtown without a real plan for the hundreds of businesses that have evolved to serve these workers.

“The public sector workforce in the downtown core is instrumental in supporting some of these small and mid-sized businesses. Some of them were put in place to support that workforce, whether it be coffee shops, lunch shops, things like that,” Wilson told Global News. “The downtown core needs these workers back in the office space, the private industry, the economy and the vibrancy of downtown Victoria is being greatly affected — I think it has a trickle-down effect on the safety and disorder in the downtown core, too, with the lack of busyness down here.”

With the federal government and most other provinces bringing workers back to offices, The Chamber is calling for BC to do the same — or provide a pragmatic plan for filling vacant or underutilized offices downtown. The province must do better than adding another burden to the private sector without considering the consequence.

Timely data to make sense of business environment

In an age of economic uncertainty, having access to real-time data can help businesses make sense of shifting conditions. That’s how a new tool from the Canadian Chamber can provide insight between gaps in official reporting.

BDLNow adjusts its estimate based on recently released high-frequency economic indicators. The tool generates an estimate of Canada’s GDP growth rate for the present quarter as well as for the previous quarter, months ahead of Statistics Canada’s official data release.

Unlike a forecast, the nowcast is purely model-driven, which makes it dynamic and versatile and provides leading accuracy as new economic data becomes available.

Check out BDLNow

Hospitality businesses urged to stock up on liquor

The BC Restaurant and Foodservices Association is advising its members to stock up on liquor inventories in the event the BCGEU strike targets BC Liquor Distribution Branch warehouses and stores.

“We advise you to immediately stock up on your liquor inventories. Based on multiple conversations and reliable intel, it’s very likely that the BCGEU strike action will target BC Liquor Distribution Branch warehouses and stores,” BCRFA President and CEO Ian Tostenson said in a statement. “If this happens, restaurants and bars will not be able to access product through normal channels.”

The Chamber works closely with the BCRFA and will call for changes to supply chain regulations to ensure this type of costly disruption can’t happen in future. The Chamber is currently working with the BCRFA on resolving concerns about the Temporary Foreign Worker program. The Chamber has called for regions of low unemployment such as Greater Victoria to be exempt from a nationwide pause on the program. A one-size-fits-all approach does not work. And current efforts to politicize immigration do a disservice to people who are new-to-Canada contributing to our workforce.

The Chamber will continue to advocate on behalf of members who need help finding and keeping workers.

FortisBC President and CEO shares insights with business

The head of one of BC’s largest regulated utilities offered some sage advice to more than 90 business and community leaders yesterday at the Hotel Grand Pacific.

Speaking at The Chamber’s Business Leaders Series event, FortisBC President and CEO Roger Dall’Antonia said it’s important to depoliticize decisions that could affect a business for years or even decades.

“The thing that is unique for the business community right now is we’re dealing with geopolitical issues that have far-reaching implications,” Dall’Antonia said, noting that projects that create real benefits for customers will be acceptable to whatever political party holds office.

This is especially critical for massive infrastructure investments that need to be planned and built over multiple election cycles.

By focusing on understanding the direct and indirect impacts of government polices, businesses can make their case objectively.

The event featured a direct dialogue between engaged audience members and Dall’Antonia, a dynamic and entertaining speaker.

“I’d like to thank FortisBC and our event sponsor Coldstar Solutions for making this event possible,” Chamber CEO John Wilson said. “I also encourage all Chamber members to reserve their seat now for our next BLS event. These are great opportunities you don’t want to miss.”

Canadian shipbuilding worthy goal, but will take time

Few transportation links are as important to Greater Victoria’s economy as BC Ferries. The routes connecting the Island with the Mainland and coastal communities are the lifeblood for many businesses.

This week, The Chamber spoke up once again as the voice of business in support of the pressing need to keep the fleet operating at capacity.

“BC Ferries is an essential link for Island communities and businesses,” Chamber CEO John Wilson said. “Our members see the impacts every day when capacity is stretched and people or goods are left behind.”

The comment was included in a BC Ferries’ media release that points out five realities necessary to responsibly build ferries in Canada. They are:

1.   Local options that can deliver

2.   Fixed costs

3.   Guaranteed delivery dates

4.   Assured vessel and shipyard performance and quality

5.   An open and competitive procurement process

“Building in Canada is a worthy goal and we support BC Ferries in getting any new vessels delivered on time and on budget so communities can keep moving in ways that stay affordable for the people who live and travel in Greater Victoria and across British Columbia,” Wilson said. “We can’t afford to delay new ferries, which are needed to increase the Island’s resiliency and deliver significant economic benefits to the entire province.”

Business needs to be included in downtown parking strategy

The Chamber is calling on the City of Victoria to put the brakes on a potentially disruptive plan for parking downtown.

The report on Transforming City Parking goes to Committee of the Whole tomorrow, and raises numerous questions about the impact on businesses.

“We read about the plan in the Times Colonist, and immediately started hearing from members concerned about further disruption to downtown businesses,” Chamber CEO John Wilson said. “I’ve let the Mayor know we want to make sure business concerns are heard before this plan moves ahead.”

Wilson, who spoke about the report on CFAX this morning, said The Chamber supports improved transit services and other methods for bringing people downtown. However, there’s a real concern that some city staff aren’t recognizing the potential to drive away business and do more damage to downtown as an economic hub.”

The Chamber has positive relationships with city leaders who have taken the time to get to know the business community. We work closely with our partner organizations to help businesses survive and thrive, so people have reasons to visit downtown.

“It’s not asking too much to be part of the conversation,” Wilson said. “Businesses have a unique understanding of what the public wants because they hear it every day.”

Feds invest in EV charging stations in Greater Victoria

Improving transportation infrastructure and taking Climate Action Leadership makes economic sense. With the rapid adoption of EVs in Greater Victoria, drivers need to know they can reliably use their vehicles for extended road trips.

On Wednesday, the federal government announced almost $23 million to help build out a network of EV charging stations across British Columbia. Most of the projects will be done by BC Hydro along travel and community corridors.

In addition, two projects went to the City of Victoria and one to the District of Saanich.

Victoria gets $395,000 for 34 chargers of various levels near municipal workplaces, as well as $122,500 for 23 chargers in high-density neighbourhoods where residents can’t access at-home charging.

Saanich will receive $395,000 for 42 chargers that support municipal operations.

Chamber hosts series of meetings with fed leaders

It’s another productive week at The Chamber as staff have been busy hosting federal leaders in our new Garry Oak Boardroom.

On Tuesday, The Chamber invited members to participate in pre-budget consultations with Parliamentary Secretary Ryan Turnbull.

The meeting was one of the final stops for Turnbull, who listened attentively to suggestions on how government can better invest in the economic growth of our region.

Topics included using Department of Defence land for housing, improving infrastructure to add capacity to our marine economy and urgent legal reforms to stem property crimes by keeping repeat offenders behind bars.

On Wednesday, The Chamber hosted Senator Andrew Cardozo for a discussion about government advocacy and policy priorities. Senator Cardozo spoke about the positive change that has happened by appointing Senators as independents rather than partisans.

On Thursday, our Boardroom is again sold out for a meeting with the Hon. Rechie Valdez, Minister of Women and Gender Equality and Secretary of State (Small Business and Tourism).

The event is an opportunity to hear directly about the federal government’s plans to support tourism and small business, as well as ongoing work to advance diversity, equality and inclusion in Canada.

Last week, The Chamber hosted Rajiv Gupta, Head of the Canadian Centre of Cyber Security.

Inflation holds steady despite ongoing tradewar risks

So far, so good.

The latest numbers from Statistics Canada show inflation remains well within target range, raising the possibility of a further interest rate cut next month.

“This is a positive inflation report on many fronts as price pressures ease for goods and services,” Canadian Chamber principal economist Andrew DiCapua said. “Sticky core measures in July may put progress at risk, but if this momentum continues, we could see the Bank of Canada move rates lower in September. Time will tell if tariffs are feeding through consumer prices, but there are some upward trends on food and durable goods products that could tilt the scales as the effects of tariffs are realized.”

The Consumer Price Index rose 1.7% on a year-over-year basis in July, down from a 1.9% increase in June.

“Prices for gasoline led the slowdown, falling 16.1% year over year in July, following a 13.4% decline in June,” Statistics Canada’s report said. “Excluding gasoline, inflation rose 2.5% in July, matching the increases in May and June. Moderating the deceleration in July were higher prices for groceries and a smaller year-over-year decline in natural gas prices compared with June.”

Curious how LNG could impact Greater Victoria?

Natural gas has a long history as a game-changing source of energy. From the old slogan, “Now you’re cooking with gas” to recent proposals aimed at boosting BC’s economy and helping wean the world off coal, LNG has made plenty of headlines.

Chamber members have a chance to dig deeper into those stories and others when we host FortisBC President and CEO Roger Dall’Antonia. The event, sponsored by ColdStar Solutions, runs Sept. 9, from 11:30am to 1 pm, at the Hotel Grand Pacific.

Dall’Antonia will speak about the latest efforts to grow the industry, the impact investing in natural gas will have on provincial revenue and the opportunities available in Greater Victoria.

If you have questions about FortisBC and our province’s energy sector, please send them to communications@victoriachamber.ca. We’ll select those that help inform conversations about our region and get the answers at the event directly from one of the province’s foremost experts.

Reserve your seat now for the Chamber’s next Business Leaders Luncheon, and make the most of this chance to connect with top movers and shakers in our business community.

Reserve Your Seat