The Government of B.C. has announced a first-of-its-kind $500 million strategic investment fund.
New legislation has been introduced to support the operations of InBC Investment Corp. Developed in consultation with the business and investment sectors InBC will focus on driving innovation, sustainability and inclusiveness into B.C.’s economy. InBC will be designed to attract investment, create family-supporting jobs and diversify B.C.’s economy.
InBC will invest in high-growth potential business in B.C. and leverage investments form the private and public sectors to help businesses grow. InBC will have a “triple bottom line” investment mandate which aims to, promote values that make life better for people in B.C., achieve a financial return on investment and establish B.C. as a globally competitive low-carbon jurisdiction.
InBC will be operating independently from the government. Investment decisions will be made by a chief investment officer and a team of investment professionals. The chief investment officer is expected to be in place by fall 2021.
Photo provided by: Government of B.C.
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