The government of the Canadian province of British Columbia is making attempts to inspire business migrants to invest in communities in regional BC via the province’s Provincial Nominee Program. It is just one of the many similar ways to woo more entrepreneurs from across the globe to create more jobs in this province.
The program in question offers permanent resident status rather quickly to entrepreneurs and skilled workers on the basis of labor market and economic development priorities. A fresh investment matching service available online will establish a link between future business migrants and the opportunities related to trade an industry in the areas, even while the emphasis would be on small business succession, which is a matter of concern felt by those involved in the small business sector.
It is well known that in certain instances, many people owning small businesses from lesser known rural areas are unable to come across buyers who can buy out their firms when they may be willing to hang up their boots.
Among other steps being undertaken to boost investment and meet labor market demand, these are the key ones:
- Increasing the pace and intensity of marketing the BC PNP and regional business opportunities to future business immigrants on a global stage.
- Modifying the requirements related to the program to enable the BC PNP business immigrants — who move to regional communities and make investments in the existing enterprises — to fulfill their commitments involving employment.
