InBC is a new $500-million strategic investment fund. Investments will target small and medium sized businesses with the growth potential and the ability to anchor talent, jobs, intellectual property and innovation in B.C.
The legislation supports the operations of InBC Investment Corp (“InBC”), a new $500 million strategic investment fund. Developed in consultation with the business and investment sectors, InBC will focus on driving innovation, sustainability and inclusiveness in our economy. InBC will also attract investment, create family supporting jobs, and diversify B.C.’s economy. InBC will invest in high-growth potential businesses in British Columbia, and leverage investments from the private and public sectors to help businesses grow. InBC will have a triple bottom line investment mandate, aiming to: Establish B.C. as a globally competitive low-carbon jurisdiction, promote values that make life better for people in B.C. including job creation, advancing reconciliation with Indigenous people, and promoting diversity and inclusion, and achieve a financial return on investment.