Quote:
Originally Posted by zoomer
They actually had a story on the local news in Victoria tonight about the impact of the tech sector - these are old numbers from 2014 for Victora:
Economic impact: 4.03 billion
Companies: 884
Employees: 15,000
I'm sure Vancouver will do just fine for many years, heck San Fran still is right?
Tech is having a big impact on downtown now, seems every other week a new pot shop or tech company opens up a new location, and these people like to eat out lots! I've never seen restaurants so busy, in February no less. At lunch I have to go outside peak hours to my favourite places, and there are lots to choose from. In fact this Victoria restaurant got the first ever four star review from Alexandra Gill, Vancouver Globe and Mail restaurant reviewer. |
Absolutely. Here is the link to the study that is referenced
https://viatec.silkstart.com/articles/do...-technology-sector-economic-impact-study
I think one of the challenges that the industry faces is it is pretty good are startups and then they get to stage where they are bought out by major tech companies. After the buy out sometimes they turn in to branch operations and other times they get merged into the parent company and disappear. Same problem happens in Vancouver.
A good example is Microsoft Mail that evolved into Microsoft Exchange and Outlook was originally a Vancouver company. Microsoft bought them in the 90s and the product eventually moved down to Seattle.
In the case of Victoria the reason Amazon has a presence in Victoria is the bought AbleBooks. The reason Schneider Electric has a presence is the bought out a local power metering business. The list goes on be it Codan radio or Adego.