About Prince George Economic Development
Together with local and regional partners, the City of Prince George’s Economic Development division works toward ensuring the continued strength of the local economy by facilitating the retention and expansion of existing businesses, attracting businesses to expand and diversify the economy, advocating for increased workforce capacity, and marketing the City of Prince George to attract new businesses and residents.
About Prince George, BC
Prince George is the largest city in one of the fastest growing regions in Canada. Located in central British Columbia on the traditional territory of the Lheidli T’enneh, the city has a population of nearly 80,000 people and serves a region of about 326,000 people. The Prince George economy has experienced an average of 4.7% growth annually from 2010 to 2013, which is nearly double the growth of the British Columbia economy during the same period (2.4%). Prince George’s thriving economy and its superior transportation connectivity makes the city a preferred location for companies looking to establish or expand their operations.
The city’s economy is well-diversified across a variety of sectors including wholesale & retail trade, manufacturing, healthcare & social assistance, accommodation & food services, and construction. Momentum is building for the city’s downtown, as was showcased when Prince George hosted the 2015 Canada Winter Games. Prince George provides exceptional connectivity to provincial, national and global markets through an international airport (YXS), a CN Rail intermodal facility, its location at the intersections of provincial Highways 16 and 97, the Port of Prince Rupert and the Port Metro Vancouver, which are approximately 800 km west and south of Prince George respectively. As a result, the city is well-positioned to provide supplies and services to major resource projects proposed or underway in northern BC.
Entrepreneurship is strongly supported in Prince George and is the foundation of the local economy. Opportunities exist for professionals looking to expand into all sectors including the professional services sector, which has experienced employment growth of 29% since 2010. A broad selection of competitively-priced commercial space is available in all areas of Prince George, with options to suit all types of business ventures. Development cost charges in Prince George are among the lowest in British Columbia and the City offers competitive tax rates for business and industry (starting at $16.28 per $1,000 of assessed value).
Prince George has a relatively young population in comparison to British Columbia as a whole, with 42.1% of the population between the ages of 15 and 44. Prince George is home to the main campuses of the University of Northern British Columbia (UNBC) and the College of New Caledonia (CNC), which have a combined annual student population of about 10,000. These institutions provide a wide range of programming to facilitate the continued development of the Prince George workforce with the diverse skill sets needed to support business expansion across all industries.
Prince George offers an affordable quality of life, where four-season recreation opportunities amidst the natural beauty of the outdoors are complemented by a full range of urban amenities. All of these qualities differentiate Prince George from other locations, making the city a preferred location to live, work, study and invest.
The Economic Development team conducts ongoing research in order to generate reports that provide current statistical information and address issues and topics of relevance to the Prince George and regional economies.
Economic Development Staff
Meet the Economic Development team.