Business

New apprenticeship jobs guaranteed in Waneta Dam expansion

Photo courtesy Columbia Power Corporation.

By Timothy Schafer, The Nelson Daily

The Waneta Dam expansion could create a legacy of skilled trades people for the West Kootenay region, says a Columbia Power spokesperson.

Audrey Repin said with a guaranteed policy in place to hire apprentices on the jobsite, many of the over 400 new job hires could become journeymen trades people when the project is completed in five years.

2010 Games boosted economy: PWC report

2010 Games boosted economy: PWC report

Two studies conducted by PricewaterhouseCoopers (PwC) point to wide-ranging economic and social benefits from hosting the Vancouver 2010 Olympic and Paralympic Winter Games.

The reports, which cover the period of 2003-2009 and the first three months of 2010, show some positive impacts for both B.C. and Canada in the areas studied.

The greatest cumulative impacts occurred in employment, where more than 45,500 jobs were created. Incremental tourism spending is estimated at $463 million.

Wage subsidy program to continue for another year

Suzanne Thompson, Owner/Operator of Kootenay Therapy Center in  Cranbrook, trains Joy Friesen, the summer student she hired last summer  with funding support from CBT's Summer Works program.

By Rachel Lucas, Columbia Basin Trust

Columbia Basin students and businesses will be able to access the Summer Works program again in 2011, as the Board of Directors of Columbia Basin Trust (CBT) has approved the program for another year.

In addition, the program's budget will increase to $500,000, from $390,000 in 2010, allowing more students to be hired.

Mortgage financing reform needed to avoid another crisis: report

Mortgage financing reform needed to avoid another crisis: report

In a report released today by the Canadian Centre for Policy Alternatives (CCPA), two prominent economists propose changes to U.S. and Canadian mortgage finance polices to prevent a future financial crisis.

 

The report is authored by Doug Peters, former Secretary of State (Finance) and former TD Bank Chief Economist, and economic consultant Arthur Donner.

New community currency — what will it look like?

New community currency — what will it look like?

In what amounts to, literally, a license to print money, a group of local economy advocates are about to launch a regional currency that will be in circulation throughout the Columbia Basin early next year.

It’s true: as early as next February, Columbia Community Dollars will be tradable online and in circulation as paper money in an initial six communities: Kimberley, Fernie, Cranbrook, Rossland, Valemount and Nelson. Other communities in the Columbia Basin are most welcome to participate.

But what will this new money look like — and how will it work?

Moderate economic growth ahead for BC

Moderate economic growth ahead for BC

B.C.’s economy is expected grow moderately over the next year according to B.C.’s independent Economic Forecast Council.

“B.C.’s economy has performed better than expected this year,” said Finance Minister Colin Hansen. “Given ongoing instability in U.S. and European markets, the council agrees it is essential B.C. continue to exercise prudence as we move forward in budget planning.”

Tri-city mayors/Chambers of Commerce seek economic development synergy

Tri-city mayors/Chambers of Commerce seek economic development synergy

Riding the high of a successful tri-city bid to host the 2011 B.C. Senior Olympic Games, the tri-city mayors and Chambers of Commerce met last week to discuss further economic development in the region.

Castlegar Mayor Lawrence Chernoff, along with Trail Mayor Dieter Bogs and Nelson Mayor John Dooley, met with Chamber of Commerce representatives on Nov. 29. in Castlegar.

BC Hydro rates expected to go up for next three years

BC Hydro rates expected to go up for next three years

Homeowners will be paying about $7 extra a month for their electricity as BC Hydro forecasts a 10 per cent rate increase per year over the next three years.

The increase, which would take effect in April 2011, may be reviewed further and must still be approved by the BC Utilities Commission, BC Hydro said in a news release.

An increase of 7.29 per cent was previously approved between April 2010 and April 2011.

Whitewater set to open, preps for development at base of hill

Whitewater set to open, preps for development at base of hill

By Timothy Schafer, The Nelson Daily

With the weekend opening of the Whitewater Ski Resort season one day away, an opening of another sort on the mountain is still gestating, says the hills’ general manager.

Brian Cusack said the master plan — finalized and adopted by Ministry of Tourism, Culture and the Arts in the beginning of June — is still on schedule to see the first shovel hit the ground on real estate development in 2013.

The notion of a $40-million expansion and development project still looks

High costs driving city's workforce outside of Nelson: report

High costs driving city's workforce outside of Nelson: report

By Timothy Schafer, The Nelson Daily

The cost of living in Nelson is so high that more than half of the city’s workforce comes from outside of the municipal limits, according to the final Business Retention and Expansion report released Friday.

Prepared and researched by Mike Stolte for the Nelson and Area Economic Development Partnership (NAEDP), the report cited cost of living as a critical employee issue by 63 per cent of employers.

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