“A package of high-tech
ncentives — including
a new research and*
development tax credit
— will address growth —
: ‘and innovation in
BCs booming high:
tech sector.

The’ $30. ‘million package

Jincludes: :
Bla new,.10% research and -
development "tax". credit
applicable: to. large “and -sinall
‘companies, throughout. the
‘province;

Bia skills: ‘development pro- .
gram to “attract. the‘. best.
researchers.«. to. B.C. and,
hrough ’ an “expanced high:
ech co-op’ program of 1,000:

new ‘student placements a

25% increase), to connect stu-
dents with high- “tech work-",
places;

ech’ deyelopmient and | mar
ting.

The credit will be. aiizilable :

‘0, companies’. doing: research
nd. development in’ British.
Columbia: in; such “ fields’ as .
Ommuinications: technology,

ergy technology and. bio-
medical products, plus forest,
*mining ;;and- environmental
echnoogis

h: Susie representativ
nd‘ educators’ .to'develop a
help high- ctech

The strategy includes: a.
sal fora’ marketing. plan.
ttract investment-to B.C..;
The marketing plan will be
‘launched | the

fective Sept
fhe tax credit will apply. to
i Hing corporate? research

increase” in’
voles devel-

peri:
venicing: diversification’ aiid

lich ‘as forestry
ning;.: biotechnology,
“pharmaceutical.

si.the fuel cell i d

Ghouisenti “development)
will, also,.be, cligible for B.C.’s

“support. for regional high: ze

co-op. programs at pst see-

ondary institutions: over the ©:
“summer to determing details

of. program expansions, for
this fall.
Supporting the develop-

ment of the high-technology

sector inthe regions of B.C.,
the government is working to

expand telephone, Internet
and satellite access in regions’

outside the Lower. Mainland
and will now. work with
regions to explore-other ways
to attract and grow high-tech

inthe regions.
_ Regions have. considerable ;

capability for - high+tech

growth and need mechanisms -

to | -encatirage’ . growth.
Government will work with

Tegions to identify and define
projects and -activities “that

facilitate and “encourage
development of high technol-
ORY.

“Activities eligible for, gov.
ernment | support could
include:

B teasibility,
other activities to identity and
develop local mechanisms:and

measures that will encourage
the growth of regional high- *

tech economies;

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planning » or

a programs that. develop or
market the high-technology
strengths of the regions;,

® preparation of information-

al and promotional material
for companies expre

sing an
interest in locating in B.C.;
@ working with industry to
develop marketing strategies
for the longer term; and. :
establishing Web sites and

other mechanisms for public. ,

consumption and: to ‘address
anticipated ° specific - inquiries
on B.C.s: high- technology
sector,

Major criteria for the pro:
gram:

3 styles. Some styies with’:

_ Wednesday, August 18; 1999 — - Noh Shore News —

it must contribute signif

cantly. to establishment. and
growth of the: high-tech see-
tor in the region(s);.

Bit must be focally initiated
and have strong local involve-
ment;
provincial
must be matched by financial
contributions: from) propo-
nents, local industry, or gov:
ernments,

More information about

the. regional program will be.
available shortly. on the ISTA-

Web. site
<Wwwwista.gow be.c ca> on the
Antemer:: on ;

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