Dec 11, 2018 Return to Headlines

New Plan Aims to Grow Coquitlam Technology Sector

by Rebecca Vaughan |

COQUITLAM, BC, Dec. 11, 2018 Coquitlam has approved a new five-year strategy to help it tap into B.C.’s booming technology sector and bring more tech businesses and jobs to the city.

Approved by Council Dec. 10, the 2019-2024 Coquitlam Technology Strategy lays out the actions required to retain and expand existing tech businesses, to attract new ones, and to develop a “technology ecosystem” with the necessary talent, space, infrastructure, services and support for the sector.  

B.C.’s second fastest-growing sector, technology is a clean industry that provides high-paying jobs. Coquitlam is already home to a number of tech companies and has a growing skilled labour force. Also in Coquitlam’s favour is its central location and transportation links, office space that is planned or under construction, and the City’s extensive carrier-grade fibre optic network, known as QNet. 

While recognizing that technology is integral to all types of businesses today, the Technology Strategy targets those involved in information and communications technology, digital media, wireless, robotics, automation, artificial intelligence, health and life sciences, clean technology, and the creative sector (such as software development, research and development, design, arts and culture).

Opportunities outlined in the strategy include taking advantage of the proximity to Vancouver’s established technology ecosystem, encouraging the development of more office space, partnering with industry associations, leveraging existing tech sector development and investment programs, and promoting the City’s technology focus and services.

Actions in the strategy include:

  • Working with government, education and business partners to develop a technology sector ecosystem in Coquitlam;
  • Promoting Coquitlam to funding organizations and angel investors;
  • Helping meet the needs of existing tech businesses, such as connecting to the business community or finding new locations in Coquitlam; and
  • Marketing Coquitlam to the technology sector.

The work will be carried out by the City’s Economic Development Division, which developed the strategy over the course of a year with extensive research and the input of private sector technology stakeholders, City Council, and Coquitlam’s Economic Development Advisory Committee.

More information about the plan can be found at www.coquitlam.ca/technology.

Media contact:
David Munro
Manager Economic Development
City of Coquitlam