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Kamloops betting big on technology industry

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November 28, 2016 - 6:30 PM

KAMLOOPS - The city is betting $100,000 it can lure new businesses to Kamloops.

The city has earmarked that money for projects to advertise Kamloops as the ideal place to start or move a business. It specifically wants to bolster its technology sector and is working with Kamloops Innovation to bring it home, according to a release from the city.

Some of the funds will send members of Kamloops Innovation and the mayor to an awards event in Vancouver where the city will be showcased, while other projects include inviting tech start-up founders from the Lower Mainland to Kamloops to work and live for free while considering the Tournament Capital as a new base or location for expansion. Funds will also go to sending local tech companies to conferences to represent Kamloops’s tech sector.

One of the central draws of Kamloops is the cost of living compared to quality of life, Mayor Peter Milobar says in the release. With the current real estate market in Vancouver, Kamloops has an opportunity to capitalize.

“No question, our cost of living is very appealing,” he says in the release.

A secondary goal is to draw skilled workers to Kamloops. The city is also working with the local chamber of commerce and Venture Kamloops on other projects.


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