Economy & Taxation
The economy of Mid VI offers the perfect climate for companies who offer highly specialized services, provided by a highly skilled and educated workforce. The service sector, whose skills are primarily knowledge based, makes up 90% of the local economy, and only 10% focused on producing goods.
Mid VI is anticipating future expansion, and in a prime position to meet the demand for a skilled, qualified workforce. By 2022, it is estimated that 78% of job openings in the province will require postsecondary training. More than 60% of Nanaimo’s residents have apprenticeship/trades or certificate/diploma, whereas it is only 52% for the rest of the province.