By Steve MacNaull Saturday, March 28, 2009 (link to story)
The Okanagan economy is a lot more dependent on government and personal investments than most people realize, says Jason Cox, the commercial credit manager at Valley First Credit Union and the president of the Penticton Chamber of Commerce.
The Okanagan prides itself as an entrepreneurial hotbed where innovation drives a diversified economy based on real estate, forestry, tourism, agriculture and high technology.
The reality is the Valley is dependent primarily on government jobs, government handouts and people living off their investments.
“That‘s surprising to most people,” said Jason Cox, the commercial credit manager at Penticton-based Valley First Credit Union.