Olympics Provide B.C. Stimulus
Area Development Research Desk (Location Canada 2010)
The 2010 Winter Olympics brought world-class athletes - and financial growth - to British Columbia. PricewaterhouseCoopers surveyed provincial and Canadian growth due to the games from 2003 to 2008. The results show an influx of funds and employment to Canada.
The Olympics created nearly 21,000 jobs in British Columbia, and another 1,750 across Canada from interprovincial trade. The event also generated C$684 million to C$884 million in real GDP to the province, and another C$170 million to Canada.
"While this is just a snapshot of what has already happened, the report provides concrete evidence that the Games have given the B.C. and Canadian economies a boost," said Minister of State Sport Gary Lunn. "Our investments are achieving their intended results, including improved athlete performance in international competition, made-in-Canada innovations in building design, and unprecedented Aboriginal participation."
The Games resulted in 800 new businesses, C$54 million in construction contracts to Aboriginal businesses, and the development of environmental building design and construction innovations.