UPDATE: This post from February 21, 2016, is being republished in the light of the announcement that Club Penguin […]
British Columbia and New Zealand share many economic similarities, except that New Zealand has way more sheep, are way better at rugby and are better sailors. Both economies are focused on natural resource exploitation, tourism, wine, and horticulture. Both economies have similar populations though we have more space and are not isolated in the South Pacific. The motion picture industry has been a major factor in both economies, but both are highly vulnerable to foreign exchange fluctuations. Both economies have made efforts to diversify into high tech, pouring millions into development of startups. Both economies have had modestly successful companies in high tech, which have been bought out and moved out. The crucial difference may be New Zealand’s pragmatism about how to deal with this economic reality. British Columbia could learn from New Zealand.
Well-known local entrepreneur and community activist, Raghwa Gopal has been named the new CEO of Accelerate Okanagan with much fanfare. My sincere wishes for his success in this important new role in the community. However, it is extremely important to also recognize the major challenges he faces. Just this week BMO issued a report which ranked Kelowna the worst job market in Canada, well behind many seemingly more distressed Ontario communities. The reasons for Kelowna’s economic problems are deep and long-standing.
I parachuted into Kelowna after years of working in Silicon Valley traveling the globe for some of the best […]