Vancouver’s Diverse Economy

 their vessel from the city’s harbor. Others come to
Vancouver’s Diverse Economyenjoy the city’s unique scenic features, nearby ski
 resorts, beautiful beaches, and more. Tourism is also
Vancouver has one of Canada’s most diverse andbolstered by the city’s transportation system, which
thriving economies. Its location and population make itincludes one of Canada’s major international
an ideal spot for an array of productive industries.airports.
From its centuries-old shipping industry to modern filmVancouver is also home to many companies in the
production, Vancouver can host it all. This means moretechnology sector. This includes web design, software
jobs and a more stable monetary flow both for thedevelopment, and internet focused businesses. In fact,
city itself and for Canada as a whole.the city boasts the largest video game development
Vancouver’s economy is greatly assisted by thestudio in the world. The studio is home to the Electronic
Vancouver Economic Development CommissionArts company, one of the largest producers in the
(VEDC). The VEDC helps improve the city’sindustry. What attracts such businesses to
business economy. It not only helps existing companies,Vancouver? For one, the city has some exceptional
but also actively attracts new ones to Vancouver. Theeducational institutions focusing on technology. This
VEDC is involved at every level of businessmeans it has a broad base of professionals for these
development. It consults with educational institutions tocompanies to employ.
provide better training programs for current and futureIn addition to computer technology, Vancouver is also
employees. The VEDC also works closely with thea center for film production technology. It has even
government to create business-friendly policies.been dubbed “Hollywood North.” Movies are a
Trade and transportation is one of Vancouver’sbillion-dollar industry in the city, which is the third largest
most vital sectors. The city is home to Canada’sfilm producer on the continent. More than two hundred
largest port. Thus, it is a major launching site for Pacificmovies and television shows are developed in
trade. In fact, the Port of Vancouver has the mostVancouver annually, and this number continues to rise.
foreign exports of any North American location. MoreMany of these productions are created by
than $43 billion in products are shipped through the portAmerican-based companies. The more production that
every year. With this much traffic, the Port oftakes place in Vancouver, the more jobs the city can
Vancouver helps generate nearly 70,000 jobs andprovide. Currently, more than 35,000 individuals work in
brings in $4 billion for Canada’s economy annually.Vancouver’s film industry.
In addition to the port, the city also helps the flow ofVancouver truly has a diverse economy that helps
logs and barges along its Fraser River. This is of greatimprove the quality of life for its 2.1 million inhabitants.
benefit to Canada’s forestry industry.Thus, the city is frequently ranked among the best
Tourism is another of Vancouver’s biggestcities in the world to live in. Additionally, a diverse
industries. It brings in more than $3.1 billion and upwardseconomy ensures financial stability. In fact, Vancouver
of 90,000 people are employed in this sector annually.has an exceptional AAA credit rating. Ultimately, as the
Ultimately, more than 8 million tourists pass throughthird largest urban center in the country,
Vancouver annually. Approximately one-eighth ofVancouver’s economy plays a big role in shaping
these visitors are cruise ship passengers who boardCanada. Thus, it is truly a shining beacon to its nation.