Greater Vancouver Board of Trade


The Greater Vancouver Board of Trade is a non-profit organization. It serves Vancouver, British Columbia, Canada, in a fashion similar to the Board of Trade or Chamber of Commerce.

Role in Local Governance

The Greater Vancouver Board of Trade has been vested by federal and provincial governments with the power to select board members for a number of local governance bodies and institutions. The Board of Trade selects one of the five members of the Screening Panel that shortlists candidates for TransLink's Board of Directors and is also involved in selecting directors for Port Metro Vancouver and the Vancouver Airport Authority.

History

The Greater Vancouver Board of Trade was established on 22 September 1887, to help rebuild after the Great Vancouver Fire destroyed the city. 31 men - composed of merchants, lumbermen, bankers and manufacturers - founded the Board of Trade to "protect the interests of merchants, traders and manufacturers, to advance the trade of the area and to promote the advancement and general prosperity of Vancouver." In addition to lower taxes, early lobbying efforts pushed for the construction of schools, a land registry office, a court house, a submarine communications cable to Australia and the establishment of mail delivery.
By 1952, the Board had grown to ten bureaus and ten standing committees which worked on campaigns, exhibitions, luncheons, educational products, endorsements and representations to all levels of government on behalf of the business community.
In 1983, the Board became a member of the World Trade Centers Association and in 1986 moved into the Vancouver World Trade Centre office complex at Canada Place. It hosted the General Assembly of the World Trade Centers Association the same year.
In 1990 the Board launched its Federal Debt Clock, a, by computerized calculator that tracked the rise in government debt. At the time, Canada's $363 billion debt was climbing at a rate of $53,300 per minute. In 1998, Finance Minister Paul Martin hit the gong and stopped the clock at a special Board of Trade luncheon. The board's debt clock stopped just shy of $600 billion.
In more recent years, The Greater Vancouver Board of Trade was one of the leading voices to support Vancouver's bid for the 2010 Olympic Games – hosting workshops and forums to promote the bid, and even flying in a pre-bid countdown clock to Canada Place by helicopter. The Board also successfully lobbied for a revote of the Translink mayors' council to save the Richmond-Airport-Vancouver rapid transit line – known today as the SkyTrain's Canada Line, and was a founding member of the Fair Tax Coalition, which helped the city to approve a one-per-cent reduction in business property taxes.

Milestones

YearMilestone
1887Businessmen agreed to form a Board of Trade to rebuild Vancouver after the Great Fire of 1886.
1888City mayor David Oppenheimer becomes president of The Vancouver Board of Trade. The organization sends a list of objectives to the provincial secretary, demanding facilities and services for Vancouver.
1902An undersea cable was laid from Vancouver to Sydney after The Board of Trade lobbied for a communications link between Western Canada and Australia. Campaigns continued for a steamer service from Seattle to Alaska via Vancouver and a railway into the Kootenays.
1914Membership rose to 1,000. The Board persuaded the federal government to dredge the First Narrows for shipping, lobbied for a new city hall and post office, and helped establish Daylight Saving Time.
1926Established a Faculty of Commerce at the University of British Columbia.
1926Grew to 10 "bureaus" and 10 standing committees to lobby all levels of government. Campaigned on freight rates, for the Trans-Canada Highway and for a large city airport.
1935T.S. Dixon, then Board of Trade president, worked with the BC Medical Association and chaired the first meeting to found a cancer institute — the British Columbia Cancer Foundation.
1960sPredicted conventions and tourism would be a major industry in North America, campaigned for a metro transit authority and monitored regional transportation.
1983Joined the World Trade Centers Association, linking to 300 trade centres across the globe.
1986Moved into the World Trade Centre and hosted the General Assembly of the World Trade Centers Association. Proposed establishing Canada's first local airport authority.
1990Wendy McDonald, CM, OBC launched the federal debt clock and became the first woman chair. Led a mission to Ottawa and Washington, DC, to lobby for fast border lanes resulting in B.C.'s PACE lanes followed by CANPASS.
1992The Board and Volunteer Vancouver co-founded the Leadership Vancouver Society. Thanks to The Board, the federal cabinet approved the YVR Airport Authority.
1998Then finance minister Paul Martin stopped The Board's Debt Clock with a balanced budget.
1999Introduced the Leaders of Tomorrow Mentorship Program.
2001Launched Spirit of Vancouver® to revitalize community spirit and save the fireworks.
2002An Olympic Countdown Clock was lowered by helicopter in Canada Place to support the bid for the 2010 Winter Games.
2003Released a Report on Property Crime in Vancouver and hosted workshops and forums promoting the 2010 Winter Olympics bid, which was won.
2004Hosted the inaugural meeting of the Greater Vancouver Chambers Roundtable, for all surrounding chambers of commerce to introduce plan for the Olympic Games. The Board formed a coalition and successfully demanded a re-vote by the 2005 TransLink board to save the Richmond-Airport-Vancouver rapid transit line, originally voted down.
2005Construction started on the saved Richmond Airport-Vancouver line. The Board hosted the inaugural B.C. Economic Forum and the 2,100-delegate Hong Kong-Guangdong Business Forum in Canada.
2006As a founding member of the Fair Tax Coalition, The Board played a lead role in achieving a one-per-cent reduction in business property taxes, bringing the total tax reduction to 10.2 per cent. The Board released its landmark report, Reforming the Canadian Health Care System and launched the Company of Young Professionals program.
2007Won the best new membership recruitment category in the World Chambers Competition 2007 at the 5th World Chambers Congress in Istanbul, Turkey. Work with the Vancouver Fair Tax Coalition froze business property taxes at 2006 levels.
2008City of Vancouver councillors approved a one-per-cent shift per year in property taxes for the next five years; initiated the Con Air program to return of out-of-province criminals; the provincial government eliminated capital tax on financial institutions and the Women's Leadership Circle® program was launched.
2009An anti-crime mission met leading politicians in Ottawa and Statistics Canada recognized police-reported crime alone should not define "the national crime rate." The Metro Roundtable for municipalities was founded. The Board welcomed the first Canada Line train to Waterfront station and was officially thanked for saving it. The Rix Center for Corporate Citizenship & Engaged Leadership was founded by Chair Dr. Don Rix, CM, OBC and presented its inaugural engaged citizenship awards. The Board struck the Health, Wellness and Well-Being Task Force and hosted a Health Care Forum for 150 leaders.
2010Another one-per-cent shift per year in Vancouver property tax reductions for businesses equated to an estimated $43 million savings per year for business. The Board released a follow-up Kids ‘N Crime Economic Report and launched its redesigned website.
2011The Board released reform recommendations in its report, The Joint Pursuit of Value and participated in an economic impact study on the Hornby St. separated bike lane to improve future consultation processes. The Board also joined the Smart Tax Alliance in support of retaining the Harmonized Sales Tax, and launched its first Aboriginal Opportunities Forum. In August, The Board of Trade announced the appointment of Iain Black as its new president and CEO.
2012The Board released a landmark report entitled Psychologically Healthy Workplaces: Improving Bottom Line Results and Employee Psychological Well-Being at the Canadian Mental Health Association's Bottom Line Conference. The Board also hosted the second annual Aboriginal Opportunities Forum, an expert panel on the U.S. economy, and a luncheon event with Virgin Founder Sir Richard Branson, which drew more than 1,400 to the Vancouver Convention Centre. Chair Wendy Lisogar-Cocchia led an urban economic mission to London, England and Milan, Italy. Following a comprehensive multi-year review process, a refreshed set of bylaws were passed at The Board's 125th AGM, reflecting best practices in association governance. In addition, incoming chair Ken Martin announced the formation of a new policy council, which will support more policy initiatives and reinstate a strong voice for Vancouver's business community.
2016On March 3, the organization has adopted a new logo and name — the Greater Vancouver Board of Trade.

Events

The Greater Vancouver Board of Trade hosts more than 150 events each year with more than 75 of those featuring business leaders, dignitaries and other people from around the world. The Board hosts 50 members-only events every year, including 30 complimentary events, most of which are specifically designed as networking opportunities:
Networking Roundtables and Members' Orientations - events where members can present their products and services.

Programs

The Greater Vancouver Board of Trade runs a variety of programs, including many symposiums, exclusive networking events and community fundraisers, in addition to programs like The Spirit of Vancouver, Leaders of Tomorrow and the Company of Young Professionals.

Leaders of Tomorrow

Leaders of Tomorrow is a mentorship program, created by the Greater Vancouver Board of Trade. The program selects 100 students in their final year from accredited Lower Mainland post-secondary educational institutions and nurtures their talents and abilities to inspire them to become successful leaders.
LOT introduces students to the business world and facilitates their development through the four pillars of mentorship, networking, leadership and volunteerism. Students attend skill-building events and receive personal mentoring to prepare them for a smooth transition into the workforce. In addition, LOT participants volunteer with policy and program-related committees to develop an awareness of current issues that impact local businesses and the community.

Company of Young Professionals

The Company of Young Professionals is a leadership development program designed for young professionals under the age of 32. Members can attend Board of Trade events at discounted rates and can be involved in the program for up to three years.
Members get the opportunity for both professional and personal development through attending hot-topic events, opening doors to meeting with prominent business leaders, and fostering leadership through engagement. Members experience extensive community involvement with key issues within The Board's many committees and task forces. CYP runs an optional Engaged Leadership Certificate Program and awards credits for completing specific requirements in the areas of leadership, connectorship and volunteerism. For more information, visit www.tcyp.ca.

Women's Leadership Council

The Women's Leadership Council is a professional network established to provide support for women in the business community. By delivering programs, speakers, topics and other events, the WLC empowers women to engage the community and the Board of Trade.
Members enjoy special speaker and workshop events, are invited to join exclusive roundtable discussions with major visiting speakers, and can join a WLC table hosted by a WLC advisory council member at major Board of Trade events.

Pacific Economic Forum

The Pacific Economic Forum brings world leaders together for speakers, seminars and conferences discussing globalization, interdependence and service to humanity.

Miscellaneous facts

Kari Yuers, President and CEO, Kryton International Inc.

Chairs