OpportunitiesBC Looking for Local Businesses
OpportunitiesBC is an online, searchable database of business and project opportunities throughout British Columbia suitable for foreign investment. This networking tool is provided by the provincial government and small communities such as Tumbler Ridge are onboard. If you search northeastern BC, there are currently 29 opportunities listed for Fort St. John, the only place in the Peace with opportunities listed.
In 2011, $226 million in venture capital was invested in BC, accounting for 16 percent of all venture capital invested in Canada—a 41 percent increase over the $160 million invested in 2009, and a five percent increase over the $216 million invested in 2010.
As an investment attraction tool, the database has three functions, to provide updated listings of eligible opportunities around the province in order to help investment seekers gain greater profile for their projects; to serve as a portal for foreign visitors to explore opportunities in BC communities and to connect opportunity representatives with potential foreign investors.
Minister of Jobs, Tourism and Skills Training Pat Bell says in a press release, “With the world economy still struggling, investors from around the world are looking to British Columbia as a safe harbour for investment. OpportunitiesBC is a great tool that will allow BC businesses to take advantage of our province’s positive economic reputation in attracting the capital they need.”
Opportunities range from large-scale resource projects to small- and mid-sized businesses from around British Columbia that are potentially suitable for foreign entrepreneurs seeking business immigration through the Provincial Nominee Program.
Businesses in British Columbia can submit their opportunities to the database. Once they are approved by the BC government’s network of economic development officers, BC’s trade and investment representatives can present these opportunities to interested investors around the globe.
The province has been assisted by The Economic Development Association of BC (EDABC) along with others partners, such as Venture Connect, Colliers and Invest Northwest in making sure the tool is populated with valuable opportunities. BC Chamber of Commerce president and CEO John Winter says, “British Columbia businesses and industries are the lifeblood of the province’s economy, and OpportunitiesBC represents a great tool for continued growth and assistance for those looking to retire and pass on their success.