B.C. announces up $90M over 3 years for areas impacted by changes in forestry
Premier David Eby said an investment of up $90 million over three years will support high-value industrial and manufacturing projects to drive clean and inclusive growth in areas affected by changes in the forest industry.
The province will deliver the funding through the new BC Manufacturing Jobs Fund. It will focus on areas experiencing economic impacts from changes in the forestry sector, so it would help former forestry workers, but not just forestry workers. Tuesday’s announcement comes as Eby prepares to address the BC Natural Resources Forum Wednesday, less than a week after Canfor announced the closure of its Prince George Pulp and Paper Mill, with 300 people set to lose their jobs. The closure appears among a series of similar ones in the forestry sector and points to the larger challenges facing the industry.Minister of Jobs, Economic Development and Innovation Brenda Bailey said the funding represents an investment in people.
President and CEO of Council of Forest Industries Linda Coady called the funding “one step in the broader suite of actions” needed to maximize the role a strong, sustainable forest industry,” can play in helping people and the planet.
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