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Archive for ◊ Green Capital ◊

City Council approved the development of a new Vancouver Entrepreneur Fund, an arms-length venture capital fund that will raise private investment to support emerging start-up companies in Vancouver. The Fund will give the city’s tech sector in particular an added boost as it competes globally for talent and investment.

“We need to be fostering a competitive tech sector in Vancouver, one with better access to capital so our companies can grow and stay local,” said Mayor Gregor Robertson. “The Vancouver Entrepreneur Fund is based directly on the expert input we received from dozens of local companies and investors, which is that there is a lack of capital available for small and mid-size companies who want to expand. This Fund will help address that gap.

“My vision for Vancouver’s economic success includes local companies growing and expanding right here in our city. With the Vancouver Entrepreneur Fund, we’re improving the conditions for the success of local businesses right here in Vancouver.”

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The City of Vancouver moved closer today to implementing food scraps collection for apartments and condos in Vancouver, as staff outlined at Council the strategy to comply with the Metro Vancouver ban on organic waste going to the landfill in 2015.

Vancouver’s Green Bin program already serves more than 100,000 single family and duplex homes, as well as 1,800 multi-unit buildings in the city that were already receiving City garbage pick-up. In the first full year of Green bin collection, the amount of garbage collected dropped by 40% as food waste was diverted to composting.

“Our Green Bin program is diverting food scraps from the landfill, and moving us closer to our Greenest City goals,” said Mayor Gregor Robertson. “We increasingly hear from people who live in apartments and condos that they want to have their food scraps collected. The City is taking further steps to help make that happen, and will be working with private waste collectors to expand service to all buildings in advance of the 2015 ban.”

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The City of Vancouver issued a record $1.12 billion in building permits during the first six months of 2014, the highest amount since pre-recession levels.

This is the third year in a row that construction has topped the billion-dollar figure for the first half of the year. Building permit values have increased 6.7 per cent in the first six months of 2014 over the same period last year, continuing a trend in high value construction.

“It’s exciting to see Vancouver’s economy growing at a strong pace,” said Mayor Gregor Robertson. “Low taxes, a highly-skilled work force and reduced red tape at City Hall are helping us achieve the highest levels in building permit values since before the recession, including the construction of significant new rental housing. Vancouver’s economic action strategy is working to create thousands of new jobs, make our city more competitive for investment, and build a forward-looking foundation for sustainable growth.”

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03 Jul, 2014

“Granville Island is one of Vancouver’s most treasured places, and one of the top two tourist destinations anywhere in Canada. It is a national landmark in the core of our city, and a vibrant hub for tourism, world-renowned arts and culture, local food, and small business. Local decision-making and operations are crucial to Granville Island’s revitalization and continued success.

“The City of Vancouver is strongly opposed to Granville Island being controlled by Port Metro Vancouver, and we made our position clear to the Port and the Government of Canada in discussions and correspondence over many months. As Mayor, I have worked to support a transfer or lease to the City, or the creation of an independent local authority with a mandate that is specific to Granville Island’s unique character.

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The City of Vancouver is rolling out a pilot program allowing farmers’ markets to accept British Columbia liquor vendors for the sale and sample of liquor in response to changes in the provincial liquor regulations.

The province has recently announced changes to its liquor regulations. The City is supporting the provincial changes with a pilot program so that citizen’s will have an opportunity to buy and sample locally-made spirits at designated farmers’ markets around the city this summer and fall season.

“The sampling and vending of craft beer, wine and liquor presents opportunities to support local products and the local economy,” said Mayor Gregor Robertson. “The City is pleased to announce that this one-season pilot will offer consumers more choices while adding diversity to our thriving farmers’ markets.”

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Vancouver’s Greenest City Action Plan (GCAP) aims to make Vancouver the Greenest City in the world by 2020 and to secure Vancouver’s international reputation as a mecca of green enterprise.

A new report on Vancouver’s green economy by the Vancouver Economic Commission, finds that there has been a 19 percent increase in the number of green and local food jobs in the City of Vancouver since 2010, growing from 16,700 to 20,000 over a three-year period. This progress is largely due to the extraordinary growth in the local food, green building, and clean tech sectors, which is driven by market demand and public policy at the City of Vancouver. In order to carry on this momentum, the report calls for a concerted effort to create more policy and programs that inspire innovative practices.

“The rapid growth in Vancouver’s green economy demonstrates how our Greenest City Action Plan is creating new jobs in our city, and building a diverse, more innovative economy,” said Vancouver Mayor Gregor Robertson, Board Chairman of the VEC. “Vancouver businesses are leading the way in making investments that make sense environmentally and for their bottom line. The City is proud to do what we can to enable their work, whether it’s through our green building policies, local food strategy or efforts to reduce waste, all of which are creating good-paying green jobs in Vancouver.”

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