The City of Vancouver has taken a proactive step toward fostering economic growth and resilience by passing the “Choose Canada, Tariffs and Buy Local Imperative” motion. This move aligns with the Greater Vancouver Board of Trade’s vision for a business-friendly environment, as highlighted by President and CEO Bridgitte Anderson.

In a time of economic uncertainty, supporting local businesses and strengthening economic frameworks is essential. Anderson emphasizes that the City of Vancouver’s commitment to measures such as streamlining business permits, reducing bureaucratic hurdles, and maintaining reasonable taxes and fees will have tangible benefits for businesses and residents alike. These actions will help create a more dynamic, prosperous, and innovative economy.

One of the most significant aspects of this initiative is the adoption of the Board of Trade’s 3% Challenge, which encourages governments to align policies in ways that foster economic growth. This challenge underscores the importance of efficiency, fiscal responsibility, and strategic policymaking that benefits both businesses and the broader community. Sustained economic growth leads to higher incomes, increased job opportunities, and more innovation—key factors in making Vancouver a more affordable and prosperous city.

The initiative also comes at a crucial time as Canada faces potential tariffs that could impact local businesses. The Board of Trade supports a Team Canada approach, calling on all levels of government to work together to mitigate the risks of these tariffs and to ensure that businesses remain competitive on a global scale. By reinforcing local economic strategies and supporting businesses at the municipal level, Vancouver is setting an example for other cities to follow.

Business owners, entrepreneurs, and investors should take note of these efforts and engage with policymakers to further refine and enhance these economic strategies. Collaboration between government, industry leaders, and the business community will be key to ensuring that Vancouver continues to be a thriving economic hub.

The Greater Vancouver Board of Trade’s acknowledgment of the City Council’s actions reflects a broader commitment to economic development. By reducing barriers to business success and fostering a supportive economic environment, Vancouver is positioning itself for long-term prosperity. These efforts signal a strong commitment to financial security, affordability, and a brighter future for all Vancouverites.

_________________________________________________________Jenny is a business insurance broker with Waypoint Insurance. She can be reached at 604-317-6755 or jhansen@waypoint.ca. Connect with Jenny on LinkedIn at https://www.linkedin.com/in/jenny-holly-hansen-365b691b/.  Connect with Jenny at BlueSky: https://bsky.app/profile/jennyhollyhansen.bsky.social

Jenny Holly Hansen is a cohost with Chris Sturges of the Langley Impact Networking Group. You are welcome to join us on Thursday’s from 4pm to 6pm at: Sidebar Bar and Grill: 100b - 20018 83A Avenue, Langley, BC V2Y 3R4

Tags:  #Jenny Holly Hansen #City of Vancouver #Greater Vancouver Board of Trade #Bridgitte Anderson #Support Local Business #3% Challenge #Team Canada

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