Bus lanes on Pat Bay planned to speed commute

Transportation planning is vital to making Greater Victoria more affordable for business in our region. Options such as transit need to be convenient and worthwhile, which is why The Chamber applauds plans to speed up bus trips along the Pat Bay Highway.
 
Last week, the provincial government announced new bus lanes for Highway 17 at Mount Newton Cross Road. Faster commute times will encourage more people to use BC Transit to get to work, reducing overall traffic congestion and harmful emissions.

Province planning to replace Royal BC Museum

A new state-of-the-art Royal BC Museum is being planned to replace the existing facility. The news was announced by BC’s Minister of Tourism, Arts, Culture and Sport Melanie Mark.
 
The museum began operations 135 years ago and is a major attraction in our region. Minister Mark said the current facility doesn’t meet modern safety or accessibility standards.
 
“A new and modern museum is long overdue, for the safety of all visitors, to remove barriers so everyone can access it and to keep our irreplaceable ­collections safe,” Mark states. “Continuing on without a major redevelopment is not an option for anyone serious about the stewardship of BC’s history and culture. Our goal is to build a state-of-the-art facility that provides an educational and cultural legacy for the province while at the same time brings significant economic and social benefits to the region.”

Victoria council commits $200,000 to reconciliation

The Chamber is committed to taking action to advance the process of reconciliation, as well as investment in the growth of Greater Victoria’s economy.
 
On Monday, City of Victoria council made an unprecedented recommendation to provide a $200,000 annual grant for the next five years to the Songhees and Esquimalt Nations. This year, funds will come from the city’s 2021 surplus. In subsequent years, the grant will come out of revenue created by new builds on city land. The recommendation needs to be approved at a regular council meeting before it is formally added to the budget.
 
“I think this is supportable in the fact that I think the work that will be done will benefit the city overall, so not only the nations, but the city,” Victoria Coun. Charlayne Thornton-Joe says in the Times Colonist.

Colwood announces plan for $1.2 billion development

A proposal that could add $1.2 billion to the region’s economy was announced by the City of Colwood this week.

The plan is to build 2,850 homes in the Royal Beach area, ranging from single family to condos and townhouses. Over the estimated 15 years it will take to complete the project, which will begin this spring, more than 700 jobs will be created.

“Make no mistake, Colwood is on the map and that’s why notable organizations are making long-term commitments here,” Colwood Mayor Rob Martin said in a news release.

The Royal BC Museum is building a new archives and storage centre in Royal Bay, while Seaspan announced plans for an 85,000 square-foot facility in Colwood.

The Chamber applauds efforts to build new homes in Greater Victoria, as a lack of housing supply continues to be one of the biggest challenges in our region. We need enough homes to meet demand, and allow the market to serve middle income residents vital to our workforce.

Bank of Canada holds interest rates, for now

The Bank of Canada held steady on rates today as inflation pressures and an uneven economic recovery had many expecting the central bank would move to increase the cost of borrowing.
Citing Omicron and inflation that remains well above target rates, the bank removed its forward guidance suggesting future rate hikes are coming. The bank also released its Monetary Policy Report, which forecasts the economy will grow by 4% in 2022.

Saanich envisions bright future for Uptown area

An area near the heart of Greater Victoria is changing quickly as our region grows. To help guide development, the District of Saanich has unveiled its Uptown-Douglas Plan for the next 20 to 30 years.

“It really is an ambitious plan and future envisioning that addresses climate change, affordability and the quality of life,” Saanich Mayor Fred Haynes told CHEK News.

Some of the highlights of the plan include creating a central district and transportation hub for a fast-growing population that will be less reliant on cars. The area is currently the crossroads for a number of major routes in the region.

The plan goes to Public Hearing Feb. 15.

More housing, especially housing that is affordable for working individuals and families, is vital for our regional economy to reach its potential.

Support local food and hospitality with Dine Around

Dine Around, a popular initiative that helps local restaurants and hotels during a typically slow time of year, is officially underway.

The celebration of keeping it local is being organized by the Victoria Branch of the BC Restaurant & Foodservices Association and Destination Greater Victoria. This year, more than 40 restaurants are offering three-course menus with prices ranging between $20 and $60 per menu. Participating hotels are offering Stay in Town rates that range from $129 to $249.

The Chamber is a community partner in Dine Around and we’re continuing to work in support of the hard hit hospitality sector.

What are your biggest challenges in 2022?

A survey of Greater Victoria businesses will gather data to help better understand challenges facing the region’s economy in 2022. The survey, launched by the South Island Prosperity Partnership, is open until Feb. 11 and takes less than 10 minutes to fill out. Questions range from what your experiences have been with supply-chain disruptions to various affordability concerns, including housing supply.

The results of the survey will be used by industry and business associations, including The Chamber, to help our advocacy efforts with government.

Camosun adds early childhood education spaces

Child care is the second largest expense after housing for working parents, which is why investing in affordable child care helps more people stay in the workforce.

To make sure there are enough people to staff new child care spaces, post-secondary schools such as Camosun College have increased their Early Childhood Education spaces.

In 2022, Camosun has added 24 ECE spaces to go along with the 107 spaces added over the last three years.

Business leadership key to getting through this together

The good news, as we wait for the current wave of COVID-19 to subside, is that we know how to protect ourselves and each other. Vaccinations work.

“Right now 95% of people in the ICU with COVID-19 are unvaccinated adults,”
Island Health Medical Health Officer Dr. Mike Benusic told CHEK News.

Dr. Benusic, who was a guest speaker at the January meeting of The Chamber’s Public Policy and Advocacy committee, says vaccination clinics across the region have been busy. The meeting was also attended by a number of Chamber Champions. Dr. Benusic responded to every question and encouraged all participants to keep the dialogue open.

Having access to business leaders helps government policy-makers develop better solutions. It’s something The Chamber does on an ongoing basis.

“I want to thank Dr. Benusic on behalf of our Chamber Champions and all our members for taking time to speak with us and answer questions,” Chamber CEO Bruce Williams says. “I also encourage all Chamber members to share their perspectives on the work being done by the Provincial Health Office. As Greater Victoria’s business community, we are part of the solution. We can continue to show leadership to help us get through these times and make sure we keep building a more resilient and inclusive economy.”

What are your thoughts on BC’s pandemic procedures, practice and protocols as they effect your business? Let us know at communications@victoriachamber.ca.