Canada’s remote communities are resource-rich and ripe for investment, according to GE Canada, which today released the findings of its Shaping Economic Growth in Canada's Remote Communities initiative, launched in January.
Responses from more than 500 business stakeholders who participated in 11 cross-country roundtables and an online survey said Canada is at a "tipping point" when it comes to resource development in remote communities.
The report found 93% of respondents believe remote communities will play an important role in the future of Canada's economy.
Elyse Allan, president and CEO of GE Canada, said “Canada's remote communities can pack a powerful economic punch. There is great optimism. Business investment, combined with progressive public policy, will unleash significant opportunities for remote communities and for Canada as a nation.”
GE's initiative formed the basis of the Canadian Chamber of Commerce report, the Business Case for Investing in Canada's Remote Communities, released earlier today.
“Our collective economic wellbeing and our international competitiveness could well depend upon the public policies adopted today that leverage the economic possibilities of many of these communities and their potential to contribute to our nation's wealth,” said chamber president and CEO Perrin Beatty.
The prevailing sentiment, based on the report's research, is that Canada has the products the world wants, has great experience as global traders, and has a bright future, provided the right investments are made.
“Now is the time to drive forward a vision for growth in full partnership with Canada's remote communities,” the report concluded.
Jennifer Harrison
Twitter: JHarrisonBIV