On April 6, Northern Development released the 2021 State of the North Economic Report which delves into central and northern B.C.’s economy in year two of the pandemic and how key industries fared.
“This year’s State of the North contains good news, bad news and a lot of uncertainty,” said CEO of Northern Development, Joel McKay. “Our region is faced with labour shortages, slow population growth and a myriad of other risks from floods, fires and a war in Eastern Europe. However, major project constructions along with strong commodity prices will likely continue to support various industry sectors for the next few years.”
The bulk of the report is comprised of regional analysis for Northern B.C. as a whole and four subregions, the Northwest, Northeast, North Central and Cariboo-Chilcotin/Lillooet. Data regarding population, employment and the cost of living featured in each subregion.
The report provides updates on five industries: forestry, energy, tourism, agriculture and mining/oil and gas. These updates include number of facilities, sector employment and other measurables.
The State of the North Economic Report is independently researched by MNP.