An aerial view of the Skeena Industrial Development Park lands taken last July. (Richard Zhang/Tiasheng International Investment Services photo)

Terrace participating in BC’s immigration entrenpreneur program

Build out of Skeena Industrial Development Park is a main focus, city says

Foreign entrepreneurs looking to work in Terrace can now benefit from a new provincial immigration tool directly connecting them to opportunities within local industries. 

The City of Terrace is one of 30 other communities participating in the BC Provincial Nominee Program’s (BC PNP) Entrepreneur Immigration-Regional Pilot. This partnership is aimed at attracting entrepreneurs from all over the world to create jobs in priority sectors in centres with populations less than 75,000.

“We see it as a good tool for business attraction, so when we see opportunities out there we’ve got to seize them,” says Danielle Myles, city economic development manager.

The program announced last year is a slightly different pathway of the province’s BC PNP, which gives foreign workers and experienced entrepreneurs looking to expand in B.C. an incentive to gain permanent residency.

This option lowers the net-worth and investment requirements and calls for a sign-off from the community in order to establish anything long-term. The nomination process has also been expedited for high-scoring applicants, cutting the typical two-year timeframe to one-year. An exploratory visit and community engagement is also now required before registering.

The process works like this — first, the applicant submits a form via email to Terrace’s PNP committee, shortlisted candidates will be invited for an interview, and if successful, the entrepreneur will be invited for an exploratory site visit.

READ MORE: B.C. looks to attract global business people to its smaller cities

Then the committee, which includes the City of Terrace, Terrace Chamber of Commerce and Skeena Diversity Centre, will make a final decision regarding the community’s referral back to the province. BC PNP will then nominate the business owner for permanent residence.

The city has identified three industries that would most benefit from the program, including agriculture and forestry, mining, oil and gas extraction, and manufacturing for a diverse range of products, such as medical equipment and supplies, jewellery and sporting goods.

“The priority project for Terrace is the Skeena Industrial Development Park (SIDP). We want to see more industrial development, which helps us to generate revenues as a municipality,” Myles says, adding the SIDP is geared towards manufacturing of products in the three sectors.

“It creates jobs of course, but it generates those revenues to put back into infrastructure and services to strengthen our community.”

Other possible locations for new businesses include the light-industrial land available along Keith Ave., Kenny St. and Hwy 16, Myles says.

READ MORE: Noise pollution a program when light-industrial backs residential, resident says

Eligible entrepreneur applicants wishing to immigrate to a participating BC community must have a net worth of at least $300,000 and make a minimum investment of $100,000 into a new business. They must also hire at least one Canadian full-time employee.

These entrepreneurs will be arriving in the city with quite a bit of capital to spend, but Myles says the city is not concerned about the more wealthy newcomers potentially driving up inflation rates.

“Those numbers are moderate numbers for business investment, and this pilot program is meant to target small to medium-sized business. There are other streams of this program for larger business and corporations to apply, so I’m not concerned about that,” Myles says.

The province’s goal is to send out around 500 applications between the 31 participating communities, Myles says. Terrace’s committee hasn’t specified a cap on the number of applications it will process, but there will be opportunities within the first year to review and reevaluate the city’s capacity to continue with the pilot.

READ MORE: City applies for regional pilot program for immigrant entrepreneurs

Terrace’s BC PNP committee will also provide both business and services to help newcomers settle into the area.

“We will be working closely with those agencies to make sure that when we have an interested party that it’s a good fit for the community, that they have services through those organizations to integrate into Terrace,” Myles says.

The program is still very new so it’s hard to get an accurate picture of the interest level, but Myles says investors are recognizing the benefits of establishing their businesses in Terrace.

“Businesses that call me and want to come to the region, they’re really excited about Terrace because they have access to all of our neighbouring communities and many major projects,” she says. “It’s a smart place to establish and grow a business because of the long-term sustainability in our region.”

Like us on Facebook and follow us on Twitter

Just Posted

Convicted animal abuser to return to B.C. court May 21

Catherine Jessica Adams is facing a breach of probation charge

First Terrace Speedway race day of the year

The annual Mother’s Day Season Opening Races brought in crowds

Concerns over democracy as Senate committee votes to nix oil tanker ban

Critics of the Senate’s recommendation to kill Bill C-48 say it goes against popular will

Northwest Fire Centre open burn ban lifted

Recent rain, cooler temperatures have lowered the region’s fire risk

Telkwa pot plant application passes review

Cannabis company claims new Health Canada regulations are working in its favour

QUIZ: Test your knowledge of Victoria Day

How much do you know about the monarch whose day we celebrate each May?

Top women’s hockey player Natalie Spooner coming to B.C.

Natalie Spooner special guest at annual Grindstone charity weekend in Kelowna

Take-home drug testing kits latest pilot to help curb B.C.’s overdose crisis

Researchers look to see if fentanyl testing could be a useful tool for those who use drugs alone

Facebook takes down anti-vaxxer page that used image of late Canadian girl

Facebook said that the social media company has disabled the anti-vaccination page

Search crews rescue kids, 6 and 7, stranded overnight on Coquitlam mountain

Father and two youngsters fall down a steep, treacherous cliff while hiking Burke Mountain

Raptors beat Bucks 118-112 in 2OT thriller

Leonard has 36 points as Toronto cuts Milwaukee’s series lead to 2-1

‘Teams that win are tight’: B.C. Lions search for chemistry at training camp

The Lions added more than 50 new faces over the off-season, from coaching staff to key players

Rescue crews suspend search for Okanagan kayaker missing for three days

71-year-old Zygmunt Janiewicz was reported missing Friday

B.C. VIEWS: Reality of our plastic recycling routine exposed

Turns out dear old China wasn’t doing such a great job

Most Read