BC Investing 2020

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BIV MAGAZINE

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BIV MAGAZINE: THE BC INVESTING ISSUE 2020 PUBLISHED BY BUSINESS IN VANCOUVER

AROUND TOWN IN MARCH A month of drive, dance and dresses HAYLEY WOODIN

DANCE THE NIGHTS AWAY

The Vancouver International Dance Festival returns to the city with its mission to support under-represented contemporary dance. The festival offers a number of free and paid performances throughout Vancouver until the end of the month. Guests can also trade in dress shoes for dance shoes by attending one of the festival’s free workshops. This year marks the festival’s 20th iteration. vidf.ca

GURYANOV ANDREY/SHUTTERSTOCK

CELEBRATE A CENTURY OF CAR SHOWS

This year marks the centennial anniversary of the Vancouver International Auto Show, which celebrates 100 years of B.C. automotive history March 25-29. The event, operated by the New Car Dealers Association of BC, will feature a special history-of-auto procession, with Jimmy Pattison behind the wheel as the parade grand marshall and event honorary chair. The show has attracted more than 115,000 attendees each of the past three years. vancouverinternationalautoshow.com É

SERGEI BACHLAKOV/SHUTTERSTOCK

GET RUNWAY READY

Va ncouver Fash ion Week is back w ith its Fa l l / Wi nter 2020 show lineup. Founded in 2001, the event features both established and emerging designers in a series of runway shows and related events. Vancouver Fashion Week has expanded to highlight children’s fashion and provides an international platform for up-and-comi ng designers th rough its Globa l Fash ion Col lective. vanfashionweek.com SERGEI BACHLAKOV/SHUTTERSTOCK

SECTOR SNAPSHOT: FILM AND TV B.C.’s film industry the fastest growing in the country Albert Van Santvoort

B.C.’s moniker as Hollywood North is a star that burns brighter with each passing year. The province has become the No. 1 film and television production centre in Canada and the third-largest physical production centre in North America. Three years ago, B.C. generated more revenue from film and TV than did Ontario. Between 2013 and 2017, the industry more than doubled in size. Revenue increased by 175% to $3.3 billion in 2017, up from $1.2 billion in 2013. That pace of revenue growth significantly outpaced growth in Quebec and Ontario over the same period (29% and 18.8%, respectively). In 2019, B.C.’s film and TV sector contributed $3.2 billion to the economy. The provincial government predicts the industry will grow to be one of B.C.’s largest employment sectors. Employment is projected to grow 3.3% annually until 2023 – more than three times the 1% annual growth rate expected for overall employment over the same period. The industry’s revenue and employment growth are supported by more demand for filming in Canada. The increase is largely due to foreign investment, which increased 18.7% over the past year. In 2019, Canada secured a record $5.6 billion of foreign investment into the country’s film sector.

GNEPPHOTO/SHUTTERSTOCK

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2020-02-26 12:05 PM


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