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In a move to strengthen regional economies and communities across British Columbia, the provincial government has announced that the Entrepreneur Immigration Regional Pilot has become a permanent stream within the British Columbia Provincial Nominee Program (BCPNP).
Effective May 27, 2024, this initiative will provide a dedicated pathway for international entrepreneurs seeking to establish their businesses in rural, interior, and coastal areas of the province.
The decision to make the Entrepreneur Immigration Regional Pilot a permanent stream is part of the StrongerBC commitment, which aims to bolster regional communities and drive economic growth across British Columbia.
By attracting international talent and investment through this program, the provincial government aims to foster entrepreneurial activities and create employment opportunities in areas beyond the major urban centers.
Under this permanent stream, prospective entrepreneurs from around the world can now apply for immigration to British Columbia, provided they meet the eligibility criteria and demonstrate a viable business plan for establishing their venture in one of the designated regional areas.
This initiative recognizes the invaluable contributions that innovative entrepreneurs can make to local economies and communities, fostering a diverse and thriving business landscape.
Successful applicants through the BCPNP Entrepreneur Immigration Stream will have the opportunity to establish their businesses in rural, interior, or coastal regions of British Columbia , leveraging their skills, expertise, and entrepreneurial spirit to drive economic development and create job opportunities for local residents.
By transforming the pilot into a permanent program, the provincial government is acknowledging the positive impact it has had on regional economies and the potential for further growth and diversification.
This move also aligns with British Columbia’s broader strategy to attract and retain skilled individuals and promote investment in various sectors across the province.
As the BCPNP Entrepreneur Immigration Stream becomes a permanent fixture, it is expected to attract a diverse range of international entrepreneurs, fostering innovation, job creation, and economic prosperity in regions that may have previously faced challenges in attracting investment and talent.
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Canada Immigration News Podcast : Your One-Stop Shop for Immigration Updates
Confused by the ever-changing world of Canadian immigration? Canada Immigration News is your daily podcast that cuts through the complexity and delivers clear, informative updates on the latest news, policies, and programs.
Hosted by AI assistant Ryan, each episode dives into the hottest Canadian immigration topics, from Express Entry updates to Provincial Nominee Programs and inspiring newcomer stories.
Whether you’re actively navigating the immigration process or just curious about calling Canada home, Canada Immigration News provides the information and insights you need.
Subscribe now and unlock your Canadian dream!
Canada Immigration News Podcast #39 IEC Invitations, Saskatchewan Job Growth, and TFW Program Updates
Canada Immigration News Podcast #39 IEC Invitations, Saskatchewan Job Growth, and TFW Program Updates
Stay updated with the latest Canada immigration news! In this podcast, we cover four major updates :
Canada just sent out over 5,600 invitations to young professionals under the International Experience Canada program! From July 29 to August 11, Immigration, Refugees and Citizenship Canada held new draws, inviting 5,649 candidates to apply for open work permits.
Australia, Chile, and France led the pack with the most invitations, while smaller countries like Andorra and Iceland got just one invite each.
With over 34,000 candidates still waiting in the pool, 2024 has already seen 106,426 invitations issued. Could you be next?
Saskatchewan just made history with a massive job surge! The province added 22,900 new jobs in July, the largest increase since July 2022, marking a 3.
9% growth. This also pushed Saskatchewan to the lowest unemployment rate in Canada at 5.4%, beating the national average of 6.
4%. Immigration and Career Training Minister Jeremy Harrison praised this achievement, saying it showcases the province’s economic strength.
And in just one month, Saskatchewan’s labor force grew by 6,700 jobs a 1.1% jump from June. Saskatchewan is on the rise!
Canada is gearing up to welcome over 500,000 new permanent residents in 2024! Despite a slight dip in June, the country has already welcomed 255,700 newcomers in the first half of the year.
Ontario continues to be the top destination, drawing in over 41.6% of new immigrants. If the trend holds, Canada could see an 8.
4% increase in new permanent residents compared to last year. Get ready Canada’s about to get a whole lot bigger!
Canada is tightening the reins on its Temporary Foreign Worker program! The Federal Government is set to enforce stricter regulations, especially for the low-wage stream.
Employment Minister Randy Boissonnault announced that some TFW applications might be refused to prevent abuse and misuse.
The focus is on protecting the health and safety of workers, with reforms aimed at eliminating fraud and exploitation. These changes will impact jobs paying below the median hourly wage, affecting industries like transportation, agriculture, and food and beverage.
Big changes are on the horizon!
Don’t miss out on these critical updates if you’re considering immigration to Canada! Subscribe to our podcast for more in-depth coverage on Canadian immigration policies, job market trends, and more.
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