â–ş Listen Live
â–ş Listen Live

‘InBC is open for business’ Crown corporation to start investing this fall

B.C.’s newest crown corporation, InBC, has been given $500 million to invest in venture capital funds and growing companies.

The goal of InBC is to make investments in different sectors while turning a profit.

However, provincial officials said they are focusing on investing in funds or companies that demonstrate a measurable impact in driving climate action, innovating for the future, advancing reconciliation and elevating inclusive communities.

“Fostering innovative ideas and solutions is crucial to growing our economy, and creating more sustainable, inclusive and quality jobs and opportunities for British Columbians,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation in a release.

“InBC investments are about optimizing not just financial returns, but also generating social, economic and environmental returns for generations to come.”

According to the B.C. government, InBC will start investing in venture capital funds this fall and businesses in spring 2023.

Josiah Spyker
Josiah Spyker
Josiah is an integral part of our East Kootenay team. Since joining Vista Radio in 2021, he has combined his love of community and sport in his reporting for the news team, while also stepping in as an on-air announcer.

Continue Reading

chnv Now playing play

ckkc Now playing play

- Advertisement -

Related Articles

- Advertisement -

Latest News

Friends of Kootenay Lake Stewards host fall events at Harrop Wetland and annual Kootenay Lake Summit

Friends of Kootenay Lake Stewardship Society is inviting community members to participate in a series of hands-on events this fall at the Harrop Wetland and to join the upcoming Kootenay Lake Summit.

Former Nelson public works director, councillor Bob Adams dies at 82

After 26 years looking after the city's infrastructure, Adams served four terms on city council.

Infrastructure, housing, UNDRIP will top agenda as local governments meet in Victoria next week

Members of local governments and First Nations are gathering in Victoria next week for the annual Union of B.C. Municipalities (UBCM) convention.

B.C. Conservatives support federal bill to classify intimate partner killings as first-degree murder

B.C. politicians are voicing support for a federal Conservative bill that would classify the killing of an intimate partner as first-degree murder. 

Whitewater eyes funding to pave access road

Whitewater Ski Resort is asking the Regional District of Central Kootenay (RDCK) to back its bid to pave a six-kilometre stretch of the Whitewater Access Road.
- Advertisement -