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World of Opportunities Seen for Richmond businesses
October 2, 2014 - A “world of opportunities” exists for Canadian small and mid-sized businesses in emerging markets of Asia and elsewhere, and being home to an international airport gives Richmond businesses many advantages in pursuing those opportunities. This positive outlook was delivered Wednesday to over 100 local business executives by Scotiabank Chief Economist Warren Jestin and Vancouver International Airport President and CEO Craig Richmond, the keynote speakers at the City of Richmond’s 3rd annual Business and Partner Appreciation event.

Mayor Malcolm Brodie opened the session by highlighting the City’s commitment to economic development, which has fostered both a strong development market and significant job growth in Richmond. He noted this success led Western Investor magazine to select Richmond as the best city for investment in Western Canada in its latest bi-annual rankings announced this week. Brodie said Richmond is positioning itself to further take advantage of global opportunities by focusing on its economic strengths such as transportation and distribution.

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Building Energy Challenge Want to save money on energy in your commercial building?
The Building Energy Challenge is a newly launched initiative by the City of Richmond to help commercial building owners, managers and tenants reduce their energy use and cut costs.

For one year, the City will support participating businesses with “Energy Coaching” – including training; assistance in accessing BC Hydro and Fortis BC incentives; and help with energy benchmarking to compare buildings’ energy use to others of similar size and function. The Energy Coaches will help participants save money and reduce pollution in their facilities.

An Energy Awards ceremony is planned for October 2015, where participants will be recognized and leaders in the challenge will be rewarded. Sign your business up by October 13, 2014 to participate.

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Resilient Economy Strategy Adopted Sets City of Richmond's economic development priorities
Richmond City Council has approved a new Resilient Economy Strategy, updating the City’s 2002 Economic Development Strategy and setting priority action items for the City’s economic development portfolio for the next three to five years.

The Resilient Economy Strategy proposes nine core initiatives and associated action items. Some of these initiatives, such as strengthening Richmond’s role as a gateway for goods import and export and increasing the tourism sector in Richmond, target industries that present growth opportunities based on Richmond’s geographic, community and infrastructure assets. Other initiatives, such as retaining and supporting existing businesses and increasing Richmond’s capacity to accommodate light industrial businesses are intended to strengthen the city as a location for a wide range of businesses.

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