BizNews This Week Archives - Page 2 of 2

Province’s political landscape shifts as BC United Party folds

August 28, 2024/in BizNews This Week, Chamber Awareness, Government Provincial/by Jim Zeeben

A scenario discussed earlier this year during The Chamber’s Leading to Election series has now become reality.

The BC United Party’s leader Kevin Falcon announced today he is stepping aside and will work to have his party’s candidates merge with the Conservative Party of BC.

In a joint media release, Falcon stated he suspended his party’s campaign because he thinks staying in the race would split the vote and allow the incumbent BC NDP Party to easily win the Oct. 19 provincial election.

The move was applauded by Conservative party leader John Rustad, who told a full-house of Chamber guests in June that he was committed to staying in the race.

“As a Chamber that represents all sides of Greater Victoria’s business community, we are firmly non-partisan,” Chamber CEO Bruce Williams said. “We will continue to work to provide our members with opportunities to speak directly with people in power, and those looking to be, so that we can proactively build a better community for all.”

Input sought on Uptown’s future as a transit hub

August 22, 2024/in BizNews This Week, Business And Economic Strength, Climate Change Solutions, Transportation Options/by Jim Zeeben

How will you be affected by plans to transform the Uptown neighbourhood through transit-oriented development? Find out and have your say as the first round of public engagement for the area is underway and will continue until Sept. 18.

Your feedback will help set the vision for the area, including a potential transit exchange connected to proposed new homes next to the Lochside and Galloping Goose regional trails. With connections to downtown Victoria, Gordon Head, the West Shore and the Saanich Peninsula, Uptown will become a hub for active transportation and transit in the region.

“BC Transit supports developments built close to transit hubs and corridors as more people will see public transit as a viable and accessible option and can live and work without complete reliance on vehicles,” BC Transit CEO Erinn Pinkerton said. “A transit exchange in this location would support improved regional connectivity, future increases in transit service levels, more direct bus routing and reliable, faster transit service.”

A -specific timeline for development will be available after preliminary planning work is completed.

“The District of Saanich welcomes this opportunity for people to provide feedback on this proposed development from the Province and BC Transit — a project that will help us implement our exciting vision for the Uptown-Douglas area,” Saanich Mayor Dean Murdock said. “We look forward to integrating housing, public transportation, convenient amenities and vibrant public spaces into what could become the heart or downtown of Saanich.”

Slowing inflation paves way for further interest rate cuts

August 22, 2024/in BizNews This Week, Global Uncertainty, Inflation And Rising Costs/by Jim Zeeben

The wind appears to be out of the sails of inflation, clearing the way for reduced borrowing costs later this year.

Statistics Canada reported yesterday that the Consumer Price Index rose 2.5% in July, the slowest pace since March 2021. Lower costs for phone services, computers and vehicles offset a slight increase in fuel prices.

“Businesses that have been wary of taking on debt will be a little more optimistic at the prospect of borrowing to invest in the growth of their operations,” Chamber CEO Bruce Williams said. “The economy needs that dynamic to become more productive, increase revenue and provide opportunities to incentivize staff with higher wages and workplace initiatives.”

Slowing inflation won’t bring back lower costs but it will give the Bank of Canada a clear signal to further reduce interest rates.

However, a looming rail strike could impact supply chains and lead to pressure on the price of goods.

In case you missed it yesterday, you can listen to Bruce Williams speaking about inflation and the rail strike on CBC Radio.

Rail shutdown poses critical threat to our economy

August 22, 2024/in BizNews This Week, Business And Economic Strength, Chamber Awareness, Food Security, Government Federal, Transportation Options/by Jim Zeeben

The Chamber continues to call on our region’s Members of Parliament as well as the federal government to take immediate action to ensure the continuation of rail services. A strike that began Aug. 22 threatens to disrupt local economies as well as our country’s national security.

Working with our national chamber network, we have been asking the government for weeks to protect the Canadian public. Under section 107 of the Canada Labour Code, the federal Minister of Labour can refer the dispute to the Canada Industrial Relations Board for binding arbitration and can end any ongoing stoppage pending a resolution. The government can also introduce back-to-work legislation.

This is not a partisan issue. However, a steep price will be paid by families, workers and businesses if action is not taken.

“I sent a letter to all of the Members of Parliament in Greater Victoria, so they are aware of the gravity of this issue,” Chamber CEO Bruce Williams said. “Our expectation is they will take up this call in Ottawa and work with the government to protect our region before we experience supply shortages that could create a real crisis here.”

Take action on reconciliation with Small Business Pledge

August 16, 2024/in BizNews This Week, Chamber News/by Jim Zeeben

Businesses strongly support the National Day for Truth and Reconciliation, but, for some, closing up shop isn’t the best way to take action.

To help honour the intent of Sept. 30, the Victoria Native Friendship Centre is encouraging organizations to take the Small Business Pledge.

The initiative is a way to actively participate in the reconciliation process by either making a donation or contributing a portion of sales to support VNFC’s work.

“In 2021, we were the first Chamber in Canada to acknowledge the impact that businesspeople had on Indigenous culture and the economy that existed before their arrival,” Chamber CEO Bruce Williams said. “As an organization founded in 1863, The Chamber is part of the history of our community. We need to share responsibility for the suppression of Indigenous peoples, and we need to take action now to support reconciliation.”

Given that 80% of Indigenous Canadians reside in urban areas, Friendship Centres like VNFC play a pivotal role in the well-being of the urban Indigenous population in our region.

To take the Small Business Pledge, all you need to do is complete the pledge form.

Take the Pledge

Seminar at Chamber aims to help ‘get out the vote’

August 16, 2024/in BizNews This Week, Chamber Awareness, Chamber News, Government Provincial/by Jim Zeeben

The Chamber is teaming up with the Democratic Engagement Exchange and Inter-Cultural Association of Greater Victoria to offer a free elections readiness workshop on Aug. 29.
This training session will help people support a healthy democracy by providing best practices for non-partisan voter engagement. The workshop is being held in The Chamber’s seminar room and run independently by the Democratic Engagement Exchange, funded in part by Elections BC.

Aug. 29
Time: 1-4 pm
Seminar Room, Greater Victoria Chamber of Commerce, #100-852 Fort St.

“Community-based organizations and local leaders are the backbone of our democracy,” states the Democratic Engagement Exchange. “By addressing community concerns, providing essential voting information, and fostering a culture of engagement, you can make a real impact.”

Register for the Workshop

Chamber’s call for military housing being heard

August 16, 2024/in BizNews This Week, Chamber News/by Jim Zeeben

The Chamber’s effort to advocate for investment in military housing is proving timely, as the federal government has already begun taking action.

Last week, Canada’s Minister of National Defence announced the construction of a new 480-room accommodation facility for Canadian Armed Forces members at CFB Esquimalt. The investment is a win for The Chamber’s resolution, which called for “2,000 units on or adjacent to military bases per year from 2025 until 2030.”

The Minister also noted that the government is reviewing the entire federal lands portfolio to identify more lands that are not fully utilized and could be unlocked to build more homes for Canadian Armed Forces members and civilians.

This week, the federal government announced more than $6.7 million to support two projects as part of the new Veteran Homelessness Program. This program shows the relevance of The Chamber’s resolution, which also called on the federal government to “develop diverse housing options to accommodate the varied needs of military personnel at different stages of their careers.”

The Chamber policy resolution will go to the membership of the Canadian Chamber in October for formal approval.

GVHS adds 68 affordable rental homes in Victoria

August 14, 2024/in BizNews This Week, Finding And Keeping Workers, Housing/by Jim Zeeben

Affordable housing is vital to the health of Greater Victoria’s economy and The Chamber applauds news that 68 homes will remain accessible after being acquired by the Greater Victoria Housing Society. The GVHS purchased 68 homes on properties at 430 Michigan St. and 1500 Chambers St.

“We thank our partners, through the leadership of the Province, for working with us to purchase these two buildings in Victoria,” GVHS executive director Virginia Holden said. “For years to come, we will be able to preserve these units as affordable housing, ensuring that the residents have high-quality, safe, accessible and sustainable homes.”

The society has more than 65 years of experience and looks after 1,000 homes that house families, people living with disabilities, families and working singles and couples.

The Michigan Street property has 44 homes ranging in size from studio to two-bedroom units and 1500 Chambers St. has a total of 24 one-bedroom and two-bedroom units.

Both properties are close to transit and shopping and rent at below current market rates. Approximately 70% of homes in the two buildings are affordable for households earning median renter incomes in Victoria.

Mustard Seed cupboards need help this summer

August 14, 2024/in BizNews This Week, Chamber Awareness, Food Security/by Jim Zeeben

The Mustard Seed’s summer campaign — “Hunger Doesn’t Go on Vacation. Neither Do We.” — has raised $19,000 in monetary donations and $5,000 in canned goods so far.

However, donations have dropped off significantly in the last two weeks and the organization needs help making sure it can meet the demand of people in need.

To help, Max Furniture is stepping up to collect and purchase canned goods. Drop off your items at 3460 Quadra St. by 5 pm, Sunday.

Other ways to get involved:

Call The Mustard Seed at 778-677-1335 or email volunteer@mustardseed.ca and talk to Claudia.
Receive Materials: The Mustard Seed will drop off signage and instructions at your business.
Set Up: Place a donation box with QR Code for monetary donations at your business.
Scheduled Pick-Up: The Mustard Seed will pick up the donation box on a scheduled day.

Participating businesses will receive a sticker letting clients know that you support food security.

Read the Media Release

Chamber calls on feds to focus funds on military housing

August 8, 2024/in BizNews This Week, Chamber Awareness, Government Federal, Housing/by Jim Zeeben

The Chamber’s proposed policy resolution calling for investment in military housing has successfully taken the next step to being officially adopted by the national chamber network.

After passing an initial review, the proposed resolution will be debated at the Canadian Chamber AGM in October.

Greater Victoria Chamber of Commerce staff worked with the Halifax Chamber of Commerce to craft the policy proposal, titled: Adding to Canada’s housing supply by strengthening Canada’s military through housing on military bases.

The resolution argues that the availability of secure and affordable homes is crucial for the retention and recruitment of members of the armed forces as well as for regional economies affected by a lack of housing.

By creating new housing on available Department of National Defence lands, Canadian Armed Forces members will be less dependent on market housing, which in turn will open up more homes for residents who work outside the military.

“We’re asking the federal government to focus funding — that it’s already announced for housing — in a way we believe will provide an effective boost to our national economy,” said Chamber CEO Bruce Williams, who is a member of the national Chamber Network Review Committee.