BCLC has contributed $2.2B to local economy: TRU economist

BCLC total impact at $2.2B

BCLC’s Kamloops head office has contributed an estimated $2.2 billion to the Tournament Capital’s local economy over the last 35 years, according to a new report from a Thompson Rivers University economist.

The study, by TRU economist Peter Tsigaris, found that for every two full-time jobs at BCLC’s Kamloops office, one full-time job is created in the community.

“BCLC’s role to give back to British Columbians is underscored by its economic contributions to not only Kamloops, but funds generated by gaming that go back to the people of our province in the form of healthcare, education and important community programs,” B.C. Minister of Finance Selina Robinson said in a news release.

“BCLC remains an important employer in the region and a vital organization for the people and communities of British Columbia.”

According to the report, BCLC’s Kamloops employees were paid a total of $923.8 million between 1985 and 2020, and the agency spent a further $232 million on local goods and services.

Tsigaris’ study concluded every dollar spent by BCLC in Kamloops generates $1.40 in economic spinoff.

BCLC said it has a number of close ties to the Kamloops community.

According to BCLC, the Crown corporation has provided $2.6 million in sponsorships dating back to 1985, and 62 per cent of its Kamloops workforce attended TRU.

“We’re so proud of what BCLC has contributed to Kamloops, so appreciative of what Kamloops has contributed to BCLC — and we look forward to many more years of success together,” Lynda Cavanaugh, BCLC’s interim president and CEO, said in a news release.

“Not only are BCLC’s operations positively contributing to the community, but so too are our people, who are passionate volunteers, advocates and contributors.”

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