Wednesday, February 27, 2013

BC Startups Lack Resources To Grow

 VANCOUVER, B.C., Feb. 25, 2013/ Troy Media/ – The recent B.C. budget was more modest and realistic than any government budget I recall seeing, especially since it precedes an election. The good news is that the budget anticipates a modest surplus, thus contributing to the long term monetary health of the province. The not-so-good news is that it foresees a growth rate for this year in B.C. of only 1.6 per cent – below the 2012 rate and below the national rate.

Why should a province as rich and attractive as B.C. expect such lacklustre growth and, more important, is there anything we can do to improve this picture?

One reason is our heavy reliance on resources. Some people call this the Dutch disease. If so, we have a particularly bad case. Not only does B.C. feel every squiggle in lumber sales and copper prices. We also rely very heavily on only one customer, the United States, and are out there literally beating the drums to insure that we do not develop the infrastructure that would allow us to reach other markets and expand our customer base.

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