As tensions escalate with the U.S. and tariffs are implemented on both sides of the border, the South Island Prosperity Partnership (SIPP) is looking to address Greater Victoria's economic vulnerabilities by bringing community leaders together in response to threats against Canada's economy.

Aaron Stone, the CEO of SIPP, announced to the crowd of more than 100 public officials, business owners and non-profit representatives gathered Wednesday night (March 5) at Victoria's Ocean Pointe Resort for the launch of the Rising Economy Taskforce 2.0, which was first created to address the economic impacts of the COVID-19 pandemic.

"A 25 per cent U.S. tariff on Canadian goods could have over a $69 billion impact to our economy over the next three years. Here in Greater Victoria, don't lose sight of the fact that these risks are not abstract. They threaten paycheques, they threaten livelihoods, and they threaten our region's prosperity," said Stone.

The task force will work to map out the region's economic vulnerabilities, showing that community and business leaders are coordinating response efforts, identifying interventions, unlocking funding and policy support, bringing government program leaders, business service organizations and financial institutions together, and encouraging investment in emerging industries.

"The Rising Economy Task Force 2.0 isn't just a response, it's a proactive strategy to safeguard our future," said Stone. "We see the challenges ahead, but we also see opportunity. Just as we've been rebuilt stronger post-pandemic, we'll emerge from this moment more resilient, more innovative, and more united. The Rising Economy Task Force 2.0 is our commitment to turning threats into action, and action into lasting prosperity."

The task force will begin meeting in mid-March to identify immediate actions that address the threat of tariffs and other economic pressures.

B次元官网网址淏.C. is facing unjustified U.S. tariffs, and while the journey ahead wonB次元官网网址檛 be easy, weB次元官网网址檙e standing strong and united, defending British Columbians, workers and industries. Thank you to South Island Prosperity Partnership for their efforts, and I welcome their input," said B.C. Minister of Jobs, Economic Development and Innovation Diana Gibson.

SIPP is a partnership of municipal governments, First Nations, post-secondary institutions, employers, nonprofits and industry associations working to diversify Greater Victoria's economy.