Canadian Real Gross Domestic Product on the Rise

Real gross domestic product rose 0.4% in May, a fifth consecutive monthly increase. The output of service industries grew 0.4% in May, as most major industrial sub-sectors posted growth. There were notable increases in wholesale and retail trade, the real estate sector, transportation and warehousing services as well as professional services. The public sector (education, … [More]

Digital Technology Project Featured by National Research Council

Digital technology changes the way we do business, and Selkirk College in partnership with College of the Rockies and Okanagan College implemented a 14-month program (January 2013 to February 2014) to help small and medium- sized enterprises (SMEs) to develop their business, by fulfilling some of the needs that arise in the adoption of digital technologies. The overarching aim … [More]

Forums Exploring Land Supply and Demand

Decision-making around economic growth in the Kootenay-Boundary region is now easier, thanks to the regional Employment Lands Inventory and site selection tool. The Basin-Boundary Employment Lands Inventory Project explored an issue faced by many communities: access to land to accommodate existing business expansion and future investment and economic growth. The Employment … [More]

Region Now Experiencing Negative Net Migration

Since 2007, the Kootenay Development Region has experienced a decline in total net migration. As of 2011, 695 more people left the region than moved here. Migration statistics measure the movement of people into and out of the region. International migration refers to people who move to the region from outside Canada, interprovincial migration refers to people who move to … [More]

Workforce Education Rate has Increased Over Time

The percentage of the Kootenay Development Region labour force with post-secondary education has been on an upward trend since the onset of the Great Recession. The education level of a local workforce influences the types of industries and economic sectors that develop and the ability of individuals and communities to adapt to changes. Most businesses today require a … [More]