In Metro Vancouver’s Regional Economic Prosperity Service’s first technical paper, Preparing Metro Vancouver for the Digital Economy, key considerations are outlined for the region as we transition to an innovation-driven digital economy.
The paper goes into detail on four economic development strategies:
- investing in our people
- catalyzing innovation
- building capacity in key industries
- increasing our global connectedness
In order to advance regional prosperity through strategic investment, the service intends to focus on key industry clusters that are concentrated in the region with productive advantages in order to support and grow export-oriented opportunities through increased global connectedness.
These industries include trade and transportation, digital media and entertainment, green economy, high-tech manufacturing, telecoms and software, life sciences, apparel, and agritech.
The service has also produced a clean transportation sector profile, which identifies emerging and mature clean transportation firms in Metro Vancouver, discusses our region’s areas of specialization and explores the innovation ecosystem.
The Regional Economic Prosperity Service’s work to date has involved working with partners in the region to build out the region’s value proposition in order to attract the right investment and ensure economic resilience and a prosperous future for all residents now and in the future.