Terrace: The Hub of Northwest BC
The growing city of Terrace is at the heart of a region driving BC’s economy.
In addition to the benefits of being a 1.5-hour drive to the fastest growing port in North America and half that to reach the largest private sector investment in Canadian history, Terrace is emerging as a strategic investment location for several reasons:
Room to Grow.
Grow your industrial business at the Skeena Industrial Development Park in Terrace, boasting 2,400 acres of heavy industrial land, with 1,200 acres of greenfield land cleared and ready for development. The SIDP started with a joint venture between the City of Terrace and the Kitselas First Nation, showing the local support for industrial development in the community.
Your business can grow with Terrace and $613 million in education, forestry, health, and recreation projects set to contribute to the local economy.
Diverse Labour Force.
Terrace’s private sector is supported by a diverse labour force of trades, technical, and professional occupations, and it’s kept stable by the affordable lifestyle and four-season leisure opportunities in the area.
Terrace embraces diversity, with 10% of the population composed of immigrants and 23% identifying as First Nations or Metis. The hub of the Northwest is young, vibrant, and ever-changing.
Terrace has planned for growth, with more than $100 million in development over the last three years and the population estimated to grow to about 20,000 in the local area by 2025.
Terrace’s refreshed Downtown Revitalization Tax Exemption Bylaw offers up to 100% municipal tax exemption for five years to residential and commercial-residential mixed use development in the downtown.
Contact the City of Terrace today.
Economic Development Manager
City of Terrace