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BC Business: Is B.C. losing its edge?
For Greg D’Avignon, president and CEO of the Business Council of British Columbia, it’s the best and the worst of times. “I’m really bullish on B.C. and Canada,” D’Avignon says. “We’ve got a huge opportunity.” Over the past three years, B.C. has tied Washington State for the highest gross domestic product growth in North America, D’Avignon relates. “But that performance is, frankly, inflated, and is increasingly being eroded by some real concerning fundamental competitiveness issues,” he maintains.
Since 2013, for example, the cost of running a company in B.C. has risen and regulations have grown more complex, D’Avignon says. “We’ve seen a $5.1-billion increase in the taxes alone on businesses operating in this province.”