Economic Development

Investment

The City of Terrace is known as the service and supply center of Northwest B.C. Located strategically between the communities of Prince Rupert and Kitimat, Terrace has historically been the hub for forestry, fishing and mining activity in the region.  Presently, the community is also a hub for transportation, retail, medical and government services. Located between three ports and at the intersection of highways 16 and 37, Terrace is poised to benefit significantly from the numerous major projects proposed including LNG, mining and in manufacturing.

In 2015 the City of Terrace completed an independent census, highlighting that our population is indeed higher than Provincial estimates.  12,494 people currently reside in the municipality—under a medium growth scenario that includes LNG development we expect our population could rise to nearly 18,000 by 2020.  Statistics Canada has aggregated the City with our neighboring areas into what they term the “agglomeration of Terrace.” These neighboring areas accounted for an additional 4093 residents in the 2011 census.

The Province of BC maintains statistics regarding each community. For Terrace, view this link for stats regarding demography, taxation, labour force, education, quality of life and other topics: BC's Virtual Trade Rep - Terrace B.C

Terrace has many benefits to offer businesses looking to develop or expand.