BC Retains Commitment to Tech Sector | October 16, 2009
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As an Information Technology consulting firm in the heart of BC’s tech hub in Vancouver, we’re certainly heartened by the BC government’s commitment to critical support for our province’s knowledge economy. As BCTIA President Pascal Spothelfer has noted in the Voice, key technology sector initiatives that have retained funding include: • investment tax credits under the Small Business Venture Capital Tax Act; The economy is still in a fragile state and the province has had to resort to some serious cut-and-slash budget planning. That they were able to continue providing support for these projects says something about the government’s priorities. As I pointed out a little while ago in Trading Up to A Tech Hub Requires Accountability, the benefits of that support will affect BC’s ability to compete globally and improve our standard of living in the future: "After all, the question of what is a fair minimum wage fades into the background when everyone from the entry-level worker on up to the president of the company is does well by exporting technology products and services that can’t be duplicated easily elsewhere. Technology companies pay their employees better than most other sectors, so a healthy tech sector also translates into bigger tax revenue for government. Then there are the benefits in terms of a lower carbon footprint from the tech sector as compared with traditional resource-based industries, and better opportunities for finding highly-trained support staff for our technology-driven health sector."Vaclav Vincalek Pacific Coast Informer Blog Posted October 16, 2009 Categories: General Comments Add Your Comment |
