Reports & Presentations
MANUFACTURING B.C.’S FUTURE REPORT
Manufacturing B.C.’s Future is a provincial strategy developed by Canadian Manufacturers & Exporters (CME) to leverage opportunities presented by British Columbia’s manufacturing sector and usher in a new era of growth and prosperity for the province.
Key data supporting concerns expressed in the report include:
- A declining share of BC’s GDP, dropping from 9.5% to 5.7% over the course of this century.
- A drop in manufacturing GDP of 4.6% in 2023 alone.
- Declining jobs in the sector, with the 171,800 manufacturing jobs being the lowest since 2014.
Manufacturers consulted for the report cited a number of barriers to investment. These included high costs driven by taxation, regulation, and the high cost of land. They also identified the skills shortage, the troubled resource sector, and the need for greater market support as issues.
The report includes seventeen recommendations, the first of which is the need for a comprehensive manufacturing strategy for British Columbia.