B.C. government lays out plans for $500M investment fund to help businesses thrive post pandemic - News Summed Up

B.C. government lays out plans for $500M investment fund to help businesses thrive post pandemic


The provincial government announced details and introduced legislation Tuesday for a $500 million investment fund it says will help small and medium businesses thrive in the post-pandemic economy. The province said investments made through InBC will seek financial returns while also supporting the "social, economic and environmental policy objectives of the government." He said, too often, these innovative jobs and companies created in B.C. Immigrant Investment Fund. The province said Tuesday's legislation will keep investment decisions independent by giving sole investment authority to InBC's chief investment officer (CIO).


Source: CBC News April 27, 2021 19:12 UTC



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