BizNews This Week Archives - Page 2 of 25

SIPP sees silver lining with new Possibility Charter

October 15, 2025/in BizNews This Week, Chamber Awareness/by Jim Zeeben

The South Island Prosperity Partnership launched a new initiative last week that complements work done earlier this fall by the Rising Economy Taskforce.

The Possibility Charter features a pledge “to build Greater Victoria’s future on a foundation of hope, creativity and entrepreneurship, rather than complacency and stagnation.”

“The Possibility Charter is more than words on a page — it’s a call to action for Greater Victoria to embrace creativity, take risks and co-create a future where people and businesses can thrive together,” SIPP CEO Aaron Stone said in the media release. “By pairing the Charter with SIPP’s five-year plan, Rising Economy 2030, we are giving our region both the vision and a plan to succeed.”

The new economic development plan focuses on growing emerging sectors — the blue economy, cleantech and life sciences — as well as finding and keeping essential workers and broadening AI adoption. The plan aims to create conditions that help young people stay in the region and succeed.

“The Chamber supports the work done by SIPP and continues to work with our members and partners as the unapologetic voice of business to address social disorder, increase access to skilled workers and grow our regional economy in ways guided by innovation, inclusion and resilience,” Chamber CEO John Wilson said. “The time to act is now — to build a safer, stronger and more prosperous Greater Victoria for everyone.”

Chamber pitches national delegates on Victoria 2026

October 15, 2025/in BizNews This Week, Chamber Awareness, Chamber News, Hospitality And Tourism Rescue And Recovery/by Jim Zeeben

The Canadian Chamber of Commerce held its AGM last week in Mississauga, Ont. The event will be held in Victoria next year.

The gathering of chamber leaders from across the country is a chance to gain insights, build collaboration and celebrate successes. It’s also an opportunity to set the policy agenda for the upcoming year by voting on key priorities that shape the national chamber’s advocacy work.

“One of the highlights was a panel on tackling social disorder,” Greater Victoria Chamber CEO John Wilson said. “This is a pressing issue for Downtown Victoria, and we heard how other jurisdictions are addressing similar challenges in their communities.”

The keynote speaker in Mississauga was federal Industry Minister Mélanie Joly, who spoke about tariffs and supply chains as well as workforce development and innovation.

The Greater Victoria Chamber and Destination Greater Victoria attended the 2025 AGM, and were able to showcase Greater Victoria and encourage delegates to visit in 2026.

ICBC offers insight into future of driving in British Columbia

October 15, 2025/in BizNews This Week, Fair Rules, Safe Communities, Transportation Options/by Jim Zeeben

A sold out Pacific Ballroom at the Victoria Marriott Inner Harbour heard from ICBC Interim President and CEO Jason McDaniel last week, as he candidly discussed the road ahead for the Crown Corporation.

The latest in The Chamber’s series of Business Leaders Luncheons was facilitated by Chamber Board member Mary Lou Newbold, Chief EyeCare Officer at Mayfair Optometric Clinic.

McDaniel offered insight into how ICBC is planning for uncertain times, as well as an update on a major change to how the insurer compensates drivers involved in accidents. The “no fault” model, which McDaniel prefers to call “enhanced care” is up for review by the province next year.

McDaniel also answered questions about proposed changes to the licensing system —including the removal of the second road test.

The event ended with a thoughtful discussion of a question posed by Kyle Granger of ColdStar Solutions about using technology to reduce costs based on advanced driving metrics. The idea of tracking how large vehicles are operated is an interesting opportunity for professional drivers, as well as one that could lead to innovation that helps regular drivers as well.

Plan for prompt payment rules supports construction

October 8, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules, Finding And Keeping Workers, Government Local, Government Provincial, Housing, Inflation And Rising Costs, Streamlined Regional Regulations, Training And Microcredentials/by Jim Zeeben

The Chamber applauds a new agreement that will let builders build, and spend less time chasing wayward payments.

On Tuesday, the province announced legislation that will help contractors, subcontractors and workers get paid on time.

“We welcome this critical step toward payment certainty for B.C.’s construction industry,” BC Construction Association president Chris Atchison said. “It marks a new starting line that requires sustained collaboration between industry and government. Establishing fairness in how money flows means the industry can focus on building, not battling over payment. BCCA remains committed to continuing to work with the provincial government on this important issue.”

With housing supply a critical component for improving the cost of living in Greater Victoria and across BC, governments need to address all barriers facing contractors.

The prompt-payment legislation, once passed, will:

· set clear timelines for payment on construction projects

· establish a fast-track adjudication process to resolve payment-related disputes

· improve cash flow and stability across the construction industry.

Ontario and Alberta already have prompt-payment laws, and industry groups in BC have supported bringing those rules here. The province said there will be a transition period to establish an adjudication authority and conduct outreach and education regarding rights and responsibilities under the new system.

Prompt-payment rules will apply broadly to both private- and public-sector projects in BC, including government contracts, unless specific exemptions are set out by regulation.

Condé Nast showers love on Greater Victoria

October 8, 2025/in BizNews This Week, Business And Economic Strength, Hospitality And Tourism Rescue And Recovery/by Jim Zeeben

As The Chamber steps up our advocacy to improve social and business conditions in Greater Victoria, a recent poll reminds us of what we have to lose.

Our region is a world gem, and, once again, has been recognized by Condé Nast Traveler as the Best Small City on the planet. The travel magazine’s 38th annual Readers’ Choice Awards survey attracted 757,109 votes.

Greater Victoria topped the list of small international cities for the third year in a row.

Highlights of our region were our proximity to Vancouver — and the ferry ride to get here — as well as the iconic Fairmont Empress and our accessibility to ancient forests.

The magazine’s survey also ranked the Oak Bay Beach Hotel and the Fairmont Empress as the top two hotels in Western Canada.

A sister publication, Condé Nast Traveller from the UK, announced its own Readers’ Choice Award, with the Magnolia Hotel & Spa ranking as the top hotel in Canada as judged by its readers.

Chamber’s new advocacy focused on urgent action

October 8, 2025/in BizNews This Week, Chamber Awareness, Chamber News, Fair Rules, Finding And Keeping Workers, Government Federal, Government Local, Government Provincial, Inflation And Rising Costs, New And Established Businesses, Safe Communities, Streamlined Regional Regulations/by Jim Zeeben

You might have noticed some changes to how The Chamber is using our position as the unapologetic Voice of Business.

The series of messages, shown below, will start appearing more on Chamber social channels and in other media. The focus is on action. Businesses have had too many years of uncertainty caused by societal shifts and the growing burden of red tape. Our members and our Board of Directors have been clear that we need to speak up and call for change.

Our first focus is downtown Victoria and other central areas being devastated by a permissive attitude toward disorder and crime. People need to feel safe. That means all levels of government need to do their part — and do it with urgency.

We know what’s needed: consistent police and bylaw presence and enforcement, immediate options for people needing mental health and addiction care and changes to a legal system that currently allows repeat offenders to harm our communities.

Our other current priorities are more responsible spending by governments, and reduction in regulatory roadblocks that make building homes and providing services for families too expensive.

Seair announces new seaplane service to Victoria

October 1, 2025/in BizNews This Week, Business And Economic Strength, Hospitality And Tourism Rescue And Recovery, Transportation Options/by Jim Zeeben

Seair Seaplanes is set to launch a new scheduled seaplane service to Victoria. Flights begin Oct. 20 connecting Downtown Vancouver to the Inner Harbour.

“The Chamber strongly supports business growth, and we applaud the investments in infrastructure being made to bring Seair service to the Inner Harbour,” said Christina Clarke, Chair of the Greater Victoria Chamber of Commerce. “There is so much opportunity for growth in the tourism sector, which sustains so many businesses in Greater Victoria. This new option benefits visitors to our destination as well as many people who can use this service for business travel.”

Flights will arrive and depart from Seair’s new terminal at 1234 Wharf Street. Seair will primarily use Cessna 208 Caravan turboprop seaplanes, known as dependable and comfortable nine-passenger aircraft.

Seair Seaplanes began in 1982 and is headquartered at YVR’s South Terminal. Seair also operates from Vancouver’s Convention Centre and the Nanaimo waterfront.

New transit plan can help with region’s affordability

September 24, 2025/in BizNews This Week, Government Local, Transportation Options/by Jim Zeeben

Affordability is at the root of many challenges facing Greater Victoria.

Chamber members continue to tell us they’re struggling to find and keep staff who can’t find housing. It’s either too costly or too far away from their workplace.

One solution is improved transit. Making the commute more convenient to affordable areas of our region would improve the quality of life for many workers. It’s a goal that BC Transit has been working toward for years.

Today, BC Transit announced it will take a fresh look at planning — the first since 2011.

The Victoria Regional Transit Plan project is launching a new engagement process to hear how the public wants to shape the future of transit over the next 25 years.

An online survey will be available next week and a series of open houses are planned across Greater Victoria later in October.

The engagement will focus on:

refreshing the 2011 Transit Future Plan along with the 25-year network vision to help guide future transit service and infrastructure investment
aligning the plan with current and anticipated future demographic trends, land use changes, commuter patterns and sustainability goals and developing comprehensive transit network and route design guidelines

New SIPP report says Greater Victoria at a crossroads

September 24, 2025/in BizNews This Week, Business And Economic Strength, Fair Rules, Finding And Keeping Workers, Global Uncertainty, Housing/by Jim Zeeben

A report released this week offers a path forward for a regional economy that is spinning its wheels in some sectors.

The South Island Prosperity Partnership offers a series of recommendations to overcome stagnation and reach our potential in Igniting Momentum, a 105-page report that came out of its Rising Economy Taskforce.

“The stakes are too high for business as usual in Greater Victoria,” the report concludes. “The evidence is clear: affordability pressures, productivity gaps, essential-worker shortages and external shocks are converging. But so are our advantages: world-class research, a thriving tech ecosystem, ocean and climate leadership, strong public anchors, entrepreneurial grit and a quality of life that draws talent from around the world.”

The Chamber helped contribute to the report’s findings, which align with much of the work the Chamber continues to do to attract investment and support our community.

“Greater Victoria is at a crossroads. Without bold, immediate action, we risk losing the talent, businesses and vibrancy that sustain our economy. Governments at all levels must do more to coordinate with the private sector to help ensure businesses can succeed,” Chamber CEO John Wilson said. “As BC’s second-largest metropolitan area, we can’t wait any longer. The Chamber promises to work with our members and partners across the region as the voice of business to address social challenges, increase access to skilled workers and grow our regional economy in ways guided by innovation, inclusion, and resilience. The time to act is now — to build a safer, stronger, and more prosperous Greater Victoria for everyone.”

Consumer confidence teeters, raising CUSMA stakes

September 24, 2025/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Inflation And Rising Costs/by Jim Zeeben

There’s a growing sense that Canada’s economy will dodge the recession that many feared when US tariffs were announced. Economists are now saying recovery is already underway with opportunities for accelerated growth in 2026.

Statistics Canada will release the latest GDP numbers on Friday.

Regardless, many businesses are still feeling fragile due to the uncertainty of future trade agreements and a tightening labour market. The Canadian Chamber’s Business Data Lab reports that, after five consecutive declines, overall business confidence steadied this quarter.

“Businesses are showing remarkable resilience in the face of policy uncertainty, tariff threats and a softening labour market,” Business Lab VP Patrick Gill said. “With CUSMA review approaching, the stakes for Canadian competitiveness are high.”

The lab found that challenges finding labour remain acute in construction, hospitality and agriculture. Meanwhile, sluggish consumer demand is the biggest barrier to growth according to business data, outpacing labour and financing challenges.