From 2014 to 2019, BC tech programs significantly bolstered the local economy, adding $454 million to GDP and generating substantial tax revenues. The initiatives supported the creation of 4,765 additional jobs, including 1,930 new technology roles, and resulted in an impressive $14.20 return for every dollar invested. Overall, the economic impact analysis highlights the programs' role in enhancing global competitiveness and fostering growth in British Columbia's tech sector.

1. ACCELERATED TIME TO
MARKET
3+
MONTHS
=
$
$
$
$
ACHIEVING ECONOMIC IMPACT
2014-2019
Growing the next generation of tech companies in BC
Based on economic impact analysis conducted by independent consulting firm Bytown Consulting, from 2014 to 2019 BC Tech
programs supported the growth of BC tech companies, increasing their global competitiveness and building BC's tech economy.
$454M
ADDED TO THE BC GDP
$
$ $ $ $ $
$ $ $ $ $
$ $ $ $
=
$
$ $ $ $ $
$ $ $ $
IN FEDERAL, PROVINCIAL &
OTHER TAX REVENUES
$9.70
3X
GAIN IN
REVENUE
GENERATING RETURN ON INVESTMENT AND GROWING THE ECONOMY
CREATING BENEFITS FOR BC COMPANIES
BOOSTING THE BC ECONOMY
HELPING CREATE JOBS
THAT BOOST
BRITISH COLUMBIA’S
KNOWLEDGE-BASED
TECHNOLOGY ECONOMY
4,765
ADDITIONAL JOBS
ACROSS THE ECONOMY
$
$
$
$
1,930
NEW BC JOBS IN
TECHNOLOGY
COMPANIES
EVERY DOLLAR
RECEIVED CREATES
EVERY DOLLAR
IN ECONOMIC BENEFITS
$14.20
(MEASURED AS GDP)
$49,625
ENABLED AN AVERAGE
COST SAVINGS PER
COMPANY
INVESTED BC TECH ACTIVITIES
GENERATED AN ESTIMATED