There are over 100,000 IT professionals working in B.C., Canada, today. Of those, 75,000 work in Vancouver, taking advantage of a healthy and competitive IT work environment. Most of these professionals serve the thousands of Vancouver tech companies that generate over $20 billion in revenue.
Not only is the tech industry in Vancouver thriving, but it’s growing too. The Vancouver Economic Commission states that the local sector grows at an average of 6% annually.
Here are a few reasons why Vancouver is home to so many flourishing tech organizations:
World-Class IT Solutions Providers
It’s easier for medium to large-sized organizations in Vancouver to realize the full potential of technology when top local IT teams can help them realize their Return on Innovation (RoI). Businesses looking for IT solutions in Vancouver can quickly find reputable, experienced, and nimble Managed Services partners that can expertly help them achieve the following goals:
- Unlock productivity, innovation, and disruption through technology.
- Turn technology into actionable innovation.
- Accelerate business transformation to the cloud.
- Optimize IT investments.
- Develop strategic IT roadmaps.
- Modernize applications.
Strong IT Culture
Vancouver hosts some locally and internationally renowned IT companies, such as Telus, Microsoft, Apple, Facebook, and more. It’s easier for leading technology firms to rub shoulders when they have a presence in the same city.
The city also hosts many accelerators, angel investors, and venture capitalists providing funding, mentorship, and other resources to startups and IT companies.
Access to Skilled Labor
There are some world-class IT training institutes, colleges, and universities in Vancouver; what’s more, most adults in the city hold above-average qualifications compared to the rest of North America. With access to a strong talent pool, it’s no wonder that IT companies thrive in Vancouver.
Access to Cheaper Labor
The average salaries for IT professionals are somewhat lower in Vancouver than in some American cities, making it cheaper for businesses run operations. They can also enjoy favorable exchange rates. Yet, IT workers can enjoy a high standard of living in one of the most naturally picturesque cities in North America. With an abundance of tech jobs in the area, there is job security too. It’s a win-win situation for employers and employees in Vancouver’s technology sector.
Government Incentives
There are multiple incentives for IT companies to operate in Vancouver. For example, the BC government provides tax credits to boost the research and development of proprietary technologies. Moreover, Canada’s Start-up Visa Program helps bring talented professionals and entrepreneurs into the city to foster innovation in the technology field.
Excellent Location
Vancouver’s relatively close distance to Silicon Valley is helpful. There are regular cost-effective flights between the two locations that last just a few hours. In addition, Vancouver and Silicon Valley are on the same North American Western coastline. This proximity has made it easier for many IT companies to migrate from Silicon Valley to Vancouver over the last few years.
Vancouver is undoubtedly a leading global tech hub. With easy access to top IT partners, talent, and programs, your technology company can certainly succeed in the metropolitan city.
