The City of Prince George has received a $500,000 grant from the Province’s Rural Economic Diversification and Infrastructure Program (REDIP).
The economic development division is supporting a partnership between the Lheidli T’enneh First Nation, Northern Health, and UNBC who are working together to understand the economic impact of building a life sciences economy in our region.
“Global economies are shifting more rapidly than ever before. It is prudent for us to examine pathways to enhance and secure our economic viability through a variety of growing sectors and verticals. This study reflects once again the positive outcomes of UNBC opening in our community 35 years ago,”, Dolleen Logan, chief of Lheidli T’enneh.
The life sciences industry includes pharmaceuticals, biotechnology, medical devices, and other work related to clinical health research and innovation.
An economic feasibility study will incorporate market research, sector analysis, engagement with interested parties, and policy and funding alignment to identify existing gaps in the region and attract investment.
“This project aims to understand the potential for Prince George as a hub for health resources in the north. We are excited to support our local partners to understand the feasibility of building a life sciences sector in Prince George and the economic benefits it could bring to our community.” added Deklan Corstanje, City of Prince George Economic Development Manager.
The project started this spring and will be completed in phases over the next 18 months.
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