Tech Business Boom

A new study finds the Okanagan’s tech sector is booming.

Acclerate Okanagan says the industry is estimated to contribute 1.6 billion dollars to the region’s economy.

“We commissioned the 2017 Economic Impact Study in conjunction with the Central Okanagan Economic Development Commission, and the results indicate that the Okanagan region’s technology sector is booming,” says the report. “In fact, the report has lots of good news for the Okanagan economy, including year-over-year economic growth of 15% since 2013. The tech sector is estimated to contribute $1.67 billion to the region’s economy.”

There are close to 700 tech businesses in the valley, employing over 12,400 people, up 64% over 2015.