Chamber Welcomes Greater Economic Diversification in Balanced 2015 Budget
The Tri-Cities Chamber of Commerce joins the Chamber network across BC in applauding the Provincial Government for tabling a third consecutive balanced budget. In October 2014, the Chamber presented its priorities to a government committee for the 2015 budget.
“We told the Province that the values of balance and moderation are of the utmost importance to our members,” said Michael Hind, Executive Director of the Chamber. “Our delegation asked for a balanced budget and a focus on other major industries aside from LNG. And we saw both of those as a focus in this year’s budget.”
Budget 2015 also includes extensions for tax credits that help local business. “The Provincial Government has shown a dedication to helping small businesses and diversifying our economy. The tax credits for film and digital media as well as initiatives to expand the aerospace sector and attract shipping head offices are signs that our government is committed to diversity in our economy,” added Rick Pasin, Board Chair of the Chamber.
With a surplus from the 2014/15 budget reaching $879 million, the Chamber is pleased to see that the Provincial Government is keeping its promise to pay down the provincial debt. In addition to last year’s surplus, there is a future surplus of nearly $1 billion over the next three years, fortifying the provincial economy.
The Tri-Cities Chamber of Commerce is a proactive network of business-minded individuals that are committed to acting as an accessible, visible, supportive and reciprocal resource to our members and the Tri-Cities at large, communicating their collective voice to help shape a prosperous business community.
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