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News Release: Fraser Valley Business Coalition Urges Political Leaders to Address Key Economic Issues Ahead of Provincial Election

News Release: Fraser Valley Business Coalition Urges Political Leaders to Address Key Economic Issues Ahead of Provincial Election

News Release: Fraser Valley Business Coalition Urges Political Leaders to Address Key Economic Issues Ahead of Provincial Election

October 1, 2024 – As the Provincial election approaches, the Fraser Valley Business Coalition (FVBC) made up of four local Chambers of Commerce; Langley, Mission, Abbotsford and Chilliwack, calls on all candidates and political parties to prioritize the critical issues that will shape the future of our region. As a rapidly growing economic hub, the Fraser Valley faces significant challenges that must be addressed to ensure continued prosperity, competitiveness, and a secure environment for both residents and businesses.

With the Provincial election on the horizon, the FVBC is urging candidates to focus on the following five key areas that are at the forefront of the business community’s concerns:

Agriculture & Food Innovation:
With the right policies and supports, the Fraser Valley is positioned to be BC’s leading agriculture and agri-tech hub.  To achieve this, we are calling for the Agricultural Land Reserve (ALR) to be reviewed and modernized -- in consultation with farmers and the agriculture sector -- to ensure it is meeting the goal of supporting agricultural production.  In addition, we would like to see greater supports for agri-tech – the advanced technologies and processes applied to farming and food production.  These changes are crucial for improving food security, enhancing production, sustaining local farms, and promoting a vibrant and competitive agricultural sector
 
Education & Workforce Development:
Our region’s future success depends on strong local talent. The FVBC advocates for increased investment in universities throughout the Fraser Valley to create a comprehensive education system that meets the needs of local industries. By strengthening our educational institutions, we can retain skilled workers, foster innovation, and create a talent pipeline that supports businesses in the Fraser Valley. 

Crime & Public Safety:
Business owners and residents alike are deeply concerned about the rise in crimeand vandalism throughout the Fraser Valley. Ensuring public safety and securing our streets and public spaces is critical to building vibrant communities and fostering economic growth. The FVBC is committed to working with elected officials to implement practical solutions that address these issues and protect our community.
 
Transportation Infrastructure:
The Fraser Valley needs a long-term plan to accommodate its growing population and economic activity. We are advocating for a 20-year transportation and infrastructure strategy that expands highways (extending to Chilliwack and beyond), improves flood mitigation efforts, and opens up new economic opportunities. Investments in infrastructure are vital to reducing congestion, improving safety, and ensuring that the Fraser Valley remains a key economic engine for BC.

Alleviating Rising Costs for Businesses:
The rising costs of doing business are putting immense pressure on local companies. FVBC calls for immediate government action to provide targeted tax relief, reduce regulatory burdens, and implement financial incentives that help businesses navigate inflation, wage increases, and supply chain disruptions. By taking swift action, we can ensure that our businesses remain competitive and continue to contribute to the Fraser Valley’s economic growth.

The upcoming Provincial election is a pivotal moment for the Fraser Valley. As candidates present their platforms and participate in all-candidate forums, the FVBC will be listening closely for concrete solutions to these pressing issues. The business community is ready to work collaboratively with government leaders to create a vibrant, sustainable future for the Fraser Valley. 

The Fraser Valley Business Coalition is a collective of local business organizations dedicated to advocating for policies that promote economic development, innovation, and a safe and thriving business environment in the Fraser Valley, and is comprised of the Greater Langley, Abbotsford, Mission Regional and Chilliwack chambers of commerce.