The economic fall-out created by the COVID-19 pandemic has caused unprecedented circumstances in Greater Victoria. In response to this, SIPP announced a multi-government, multi-stakeholder Taskforce to convene a region-wide response. To support this monumental effort, we needed a responsive set of indicators to track monthly status and progress.
This month we focus on the “K-shaped recovery” that seems to be taking hold. There is a significant risk that the pandemic will cause systemic damage to our economy by increasing the wealth divide between the have’s and have not’s. It will take a truly coordinated and sustained effort to ensure our region comes out stronger. These themes will be explored at Rising Economy Week (Nov 16-20) as the region’s Economic Recovery Strategy will be released and explored in depth.
The October Dashboard Report with full commentary is available in the box to the left. There will not be a November edition due to Rising Economy Week, but we will continue the reporting into December and beyond.
We are grateful to be doing our work on the territories of the Coast Salish and Nuu-chah-nulth
peoples, known today as Lkwungen peoples (Esquimalt and Songhees Nations), W̱ SÁNEĆ Nation
(consisting of SȾÁUTW̱ – Tsawout, BOḰEĆEN – Pauquachin, W̱ JOȽEȽP – Tsartlip, and W̱ SIḴEM
–Tseycum Nations), Scia’new Nation (Beecher Bay), T’Sou-ke Nation, Pacheedaht Nation and
Malahat Nation. We respect and, in partnership, build on the traditional knowledge of the
Indigenous peoples who have thrived and prospered in the south island for millennia.