One of BC's fastest growing industries, with significant growth
Forecast to employ more than 8,400 people in high-paying jobs in 2011
Expected to generate $2.5 billion in revenues this year
VANCOUVER, June 15, 2011 /CNW/ - British Columbia's cleantech industry
is one of the province's fastest growing industries and has the
potential to be a significant economic generator by creating thousands
of new high paying jobs, attracting significant new investment and
generating billions of dollars in exports.
These are among the findings of the "Cleantech Report Card for British Columbia," conducted by KPMG in partnership with the BC Cleantech CEO Alliance.
The survey benchmarks the size and growth of the sector and identifies
success factors and hurdles to its continuing growth.
BC is home to one of the most vibrant cleantech sectors in North
America, the report notes. There are now 202 companies in BC whose
singular focus is the research, development or deployment of clean
technological innovations. Of these "pure play" cleantech companies,
more than two-thirds did not exist a decade ago.
In 2011, cleantech is forecast to employ 8,400 British Columbians, with
the average industry salary coming in at $77,000. Total industry
revenues are forecast to be $2.5 billion.
"British Columbia's cleantech industry shows tremendous opportunity for
growth," says Lorne Burns, Greater Vancouver Area Sustainability
Practice Leader, KPMG Canada, and author of the report. "Cleantech is a
dynamic industry sector that has emerged over the past decade. It
creates high-paying jobs and investment opportunities for British
Columbians, it's export-oriented, and it's helping to improve the
sustainability of the planet."
While the industry has succeeded in raising $843 million in total equity
over the last 24 months and $4.8 billion since the companies were
conceived, the report concludes that BC faces stiff competition from
other jurisdictions, which makes it a priority to continue to build the
province's cleantech industry as a means of attracting entrepreneurs,
capital and jobs.
"This report is strong validation that British Columbia is home to an
emerging clean technology sector that is well positioned to be a source
of world class innovation," says Jonathan Rhone, President and CEO,
Nexterra Systems Corp, and Chair of BC's Cleantech CEO Alliance. "The
report clearly demonstrates the value of making the cleantech industry
an economic priority so that it can be an engine of economic growth,
prosperity and jobs for British Columbians."
The Cleantech Report Card for British Columbia is available on KPMG's website at:
KPMG LLP, the audit, tax and advisory firm (kpmg.ca) and a Canadian limited liability partnership, is the largest
accounting services firm in British Columbia with over 1100 people
located in nine offices across the province. In Canada, KPMG employs
more than 5000 people in 32 offices across the country.
About the BC Cleantech CEO Alliance
The BC CleanTech CEO Alliance is a group of industry leaders drawn from
the province's clean technology companies to accelerate the industry's
growth and further establish British Columbia as a global centre of
cleantech innovation and leadership, for the benefit of all British
SOURCE KPMG LLP
For further information:
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