(TRI-CITIES) February 24, 2026 Last week, Jennifer McKinnon had the privilege of attending the provincial budget release at the historic British Columbia Parliament Buildings in Victoria alongside Jennifer Blatherwick, MLA Coquitlam-Maillardville.
Budget day is about more than numbers — it is about relationships. Connecting with chamber colleagues and business leaders from across the province allowed us to share perspectives, compare concerns, and strengthen the collaborative advocacy that happens long after the speech concludes. Conversations with Ministers and elected officials reinforced the importance of ensuring the voice of business remains present and engaged. Overall, the budget reflects a mix of targeted incentives and fiscal challenges.
In that spirit, we are pleased to announce the Honourable Brenda Bailey, Minister of Finance will be joining the Tri-Cities Chamber at our Lunch with Leaders with the MLAs on March 13th. This will provide members with a valuable opportunity to hear directly about the budget priorities and to ask questions about what they mean for our regional economy.
(L-R) Jennifer Blatherwick, MLA, Coquitlam-Maillardville, Jennifer McKinnon, CEO, Tri-Cities Chamber
What the Budget Means for Business
The budget introduces targeted investment measures, including a 15% refundable Manufacturing and Processing Investment Tax Credit, a $400 million Strategic Investments Special Account aimed at key sectors, enhanced funding for workforce training and apprenticeships, and investments in crime reduction that can support safer business environments.
However, many chambers and business organizations have expressed disappointment with the broader fiscal picture. A projected record deficit of approximately $13.3 billion and rising provincial debt have raised concerns about long-term sustainability. The expansion of Provincial Sales Tax to certain professional services adds cost pressures for many businesses, particularly small and medium-sized enterprises.
Organizations such as the Canadian Federation of Independent Business and the BC Chamber of Commerce have noted that the budget stops short of delivering broader tax relief or stronger competitiveness measures. The re-pacing of some infrastructure and housing projects has also created concern about potential impacts on economic momentum.
"As a Chamber, our role is clear: to engage constructively, advocate consistently, and ensure that the priorities of our business community are heard at every level of government" says Jennifer McKinnon, CEO, Tri-Cities Chamber of Commerce. "Through strong relationships and united voices, we remain committed to fostering growth, competitiveness, and long-term economic confidence for the Tri-Cities and across British Columbia."
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Since 1971, the Tri-Cities Chamber of Commerce has been the largest business association serving Coquitlam, Port Coquitlam, Port Moody, Anmore, and Belcarra, representing over 1,300 organizations across every sector. The Chamber fosters economic development, provides networking and growth opportunities, and advocates for businesses at all levels of government—ensuring strong business and strong communities.
The Tri-Cities Chamber is an active member of the BC and Canadian Chambers of Commerce.
For more information, contact:
Jennifer McKinnon, Chief Executive Officer
Tri-Cities Chamber of Commerce
ceo@tricitieschamber.com