The Greater Vancouver Board of Trade Launches The 3% Challenge – Agenda for Economic Growth

For Immediate Release

VANCOUVER, B.C. — The Greater Vancouver Board of Trade (GVBOT) is launching The 3% Challenge – Agenda for Economic Growth, a call to action for government to adopt the challenge and pursue policies that will boost British Columbia’s economic growth. This campaign advocates for policies that ensure a prosperous and affordable future for all British Columbians. With the potential of U.S. tariffs and global economic uncertainty looming, the need for decisive action here at home is now. 

“Growing our economy is key to making life more affordable and building a better future for everyone in B.C.," said Bridgitte Anderson, President and CEO of the Greater Vancouver Board of Trade. "The threat of tariffs should serve as a catalyst for action in B.C. This is the time to bring industry and government together to reduce barriers, speed up permits, get projects built, and create well-paying jobs that support communities across the province.” 

The 3% Challenge seeks a commitment from the government to adopt a 3% target for annual real GDP growth. Reaching this goal over the next five years would: 

• Improve affordability by raising GDP per capita by up to $9,000; 
• Generate up to $4.0 billion in additional revenue for critical social services such as healthcare, education, and public safety; and 
• Create tens of thousands of new jobs across the province. 

“The 3% Challenge is a proactive step to bring economic growth to the heart of government decision-making” added Anderson. “By working together—businesses, government, and workers—we can rise to meet these challenging times to create a brighter, more prosperous future.” 

Achieving 3% growth requires deliberate actions and solutions from the government, including streamlining regulations, growing and diversifying our trade, and strategic investments in infrastructure and workforce development.  

The Greater Vancouver Board of Trade will immediately begin working with government, businesses, and communities across B.C. to achieve The 3% Challenge, creating a more secure and prosperous future for all British Columbians. Visit us at boardoftrade.com/3-percent-challenge to learn more. 

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About the Greater Vancouver Board of Trade:

Since its inception in 1887, the Greater Vancouver Board of Trade has been recognized as Pacific Canada’s leading business association, engaging members to positively impact public policy at all levels of government and to succeed and prosper in the global economy. With a Membership whose employees comprise one third of B.C.’s workforce, we are the largest business association between Victoria and Toronto. We leverage this collective strength, facilitating networking opportunities, and providing professional development through unique programs. In addition, we operate one of the largest events businesses in the country, providing a platform for national and international business and thought leaders to further enlighten B.C.’s business leaders.

Media contact:
Federico Cerani
Communications Manager
Greater Vancouver Board of Trade
604-640-5450 | media@boardoftrade.com