For the second year in a row, the outlook for Prince George outlined in the Mid-Sized Cities Outlook report is positive. Prince George averaged 2.2 per cent growth between 2012 and 2016 and is forecast to make further gains with real GDP rising by 1.5 per cent in 2017 and 1.8 per cent in 2018, topping the national rate.

Driving these gains has been robust growth in Prince George's goods-producing industries, especially primary and utilities, the city's largest industry. The construction sector has also made exceptional gains over the last five years, expanding at an annual average pace of 5.3 per cent.

The City of Prince George has 7 properties it's looking to sell to builders and developers.

The City is looking for the following developments:

• Multi-family (seniors, student housing, affordable housing, market rentals and condos);
• Commercial (retail, restaurants, etc.);
• Mixed-use (commercial on ground level and residential above).

Incentives:

• Most of the properties will be eligible for a 10-year tax exemption on the municipal portion of the taxes.

Please contact City of Prince George Real Estate at 250-561-7678 or [email protected] for more information about purchasing land from the City.

Did you know the City of Prince George offers tax incentives to eligible developments in the downtown and key locations in the city?

Below is a breakdown of the two available programs :

The City has identified Engineered Wood Products as one of its top three industries to attract due to forestry being at the heart of much of the business in Prince George and British Columbia. 

Cross Laminated Timber (CLT), the material used to build the  Wood Innovation and Design Centre in Prince George and  Brock Commons in Vancouver, is going to disrupt the building industry over the coming years.  Prince George has been identified as a showcase city for CLT from the province and we are looking to build off that momentum. Economic Development staff is working hard to ensure our city's businesses are able to capitalize on the engineered wood industry.

Read our opportunity profile to learn more about  Engineered Wood Products  and to see if this investment opportunity is a fit for you.

The City of Prince George recognizes the importance of forestry to our local economy in providing employment and generating business and government revenue. The Economic Development Division is deepening the understanding of forestry's impact on the local and provincial economies by working with consulting and accounting firm MNP LLP to develop a Prince George Forest Industry Economic Impact Study. 

The Economic Development Division and MNP will be contacting owners and managers of local forestry businesses to get their direct input for the study. Businesses will be selected for interviews based on their connection to the forest industry in Prince George and the industry's sub-sectors including: forest management, primary manufacturing, secondary manufacturing, fibre supply and wholesale, forest innovation, and silviculture.

We keep track of the economic statistics needed for making business decisions so you don't have to! Here are highlights from the last quarter:

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If you're making an investment decision, you need up-to-date information about communities that are a potential fit for your business. That's why we provide the most recent data about the Prince George economy in an easy to navigate dashboard. Demographics, workforce, tax, quality of life, housing, transportation, education, companies, utilities - the data can all be found here .