Forestry Remains Cornerstone of B.C. Economy says Study
Prince George, B.C. – A new study for the Council of Forest Industries, shows B.C.’s economic roots are in forestry.
According to the study, conducted by PwC. one in every 4 manufacturing jobs in B.C. is in forestry, and 1 in every 17 jobs in the province is connected to forestry.
That’s more than 140 thousand jobs province wide, generating more than $8.5 billion dollars in wages while forestry operations contribute $4.1 billion in payments to all levels of government.
The export of B.C. wood products accounted for 34% of all products exported from B.C.
“This economic report confirms that the forest sector continues to be a cornerstone of the provincial economy and one of the largest employers in the province” says COFI President and CEO Susan Yurkovich “B.C.’s forest sector, and the families and communities across our province who are a part of it, contribute immeasurably to our quality of life in British Columbia. While our industry is facing a number of challenges, we are continuing to invest, innovate and diversify both our products and our markets to ensure that we can continue to be an economic engine in the province for generations to come.”
As 250News reported previously, ( see previous story) the industry is not without challenges, including the ongoing softwood lumber trade dispute with the U.S., rising costs and the devastating impacts on fibre supply from both this summer’s wildfires and the Mountain Pine Beetle infestation. COFI says it will take continued work with all levels of government to ensure forestry remains a strong economic driver in B.C.