Whether it’s the rising cost of housing, unaffordable grocery bills, or an increasingly heavy tax burden, too many British Columbians feel the economy is not working for them. 

We can do better. We must do better.

To build a future worthy of our aspirations and one we can be proud to pass on to the next generation, British Columbia must pursue policies that will boost our economic growth and raise our collective standard of living.

Economic growth is more than just a number.  At its core, it reflects the lives of everyday people—the value of their efforts, their ability to provide for their families, and the hope that their children will have a better future.

That’s why the Greater Vancouver Board of Trade (GVBOT) is launching The 3% Challenge. This campaign sets a provincial target of 3% annual economic growth and calls on Members of the Legislative Assembly (MLAs) to adopt and take action to achieve the target.

Put simply, economic growth must return to the heart of government decision making.   

By meeting the 3% growth target,
British Columbia could realize the following benefits by 2030:

Improve affordability by raising GDP per capita by up to $9,000. 

Generate up to $4.0 billion in additional government revenues for critical social services like healthcare, education, and public safety. 

Create tens of thousands of new jobs across the province. 

The threat of U.S. tariffs should serve as a catalyst for action in B.C. History has shown that when faced with adversity, the ingenuity, entrepreneurial spirit, and resilience of British Columbians shine brightest. Now is the time to channel that same relentless spirit.

This is an opportunity to galvanize industry and government to identify and remove the long-standing obstacles to economic growth. By working together—businesses, government, and workers—we can rise to meet these challenges and create a brighter, more prosperous future.

Throughout 2025, GVBOT will seek the commitment of all MLAs to adopt The 3% Challenge. In the coming weeks and months, we will outline key policy pillars we believe are fundamental to driving economic growth.

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