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Local Economy Snapshot – Victoria’s Tech, Education and Marine Sectors

The report in the March edition of the Victoria Chamber of Commerce publication ‘Business Matters’ included an analysis of the technology and manufacturing, education and marine/shipbuilding sectors.

Technology and Manufacturing in Victoria BC

Small, technology based business start-ups are on the rise in Victoria; skilled entrepreneurs are taking advantage of lower overhead costs of operating their business online rather than through traditional storefronts with digital, new media, internet and software categories leading the charge.

Small to mid-sized manufacturers are producing high value products of superior quality and some, like Scott Plastics, have developed relationships with local post-secondary educators (Camosun College) to access their rapid prototyping technologies and the highly skilled workers they need.

Education in Victoria BC

Post-secondary educational institutions are running at or near capacity and require more funding to continue growth, some of which may be supplied by international students.  To provide a truly international experience for these students it’s imperative that students from many different countries are choosing Victoria as an education destination, so promotion of our educators globally is critically important.

Marine and Shipbuilding in Victoria BC

Marine repair and shipbuilding industries are expecting strong growth over the next few years because of the impending retirement of present workers as well as future contracts that will come into play.  Both Camosun College and the newly opened Industrial Marine Training and Applied Research Centre in Esquimalt are producing skilled tradespeople to answer this need.

For more detailed information please read the March edition of the Victoria Chamber of Commerce publication ‘Business Matters’.

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