news

Government, investments drive Okanagan‘s economy

 

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.

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Regional director wants to rein in wild horses

Joyce Langerak - Penticton Western News Published: February 24, 2009 (link to story)

It’s time for the Regional District of Okanagan Similkameen to do something about local wild horses tromping on lawns and skittering around on roadways, says West Bench director Michael Brydon.

He will introduce a motion to the RDOS board during Thursday’s regular meeting.

“All livestock are regulated provincially under the Livestock Act, but I’d say residents on the West Bench are unhappy with the provisions of that act,” said Brydon.

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City staff feel the blow of budget axe

By Kristi Patton - Penticton Western News

Published: February 19, 2009 10:00 AM
Updated: February 20, 2009 6:41 AM

“It has been a very tough decision for everybody especially when you start dealing with people’s livelihoods,” said Mayor Dan Ashton, adding the cutbacks have come at the suggestion of senior staff. “My interpretation of it is you are not taking a look to save money in a budget, you are taking a look at efficiencies and these were the proposals brought forward.”

The layoffs of eight management and other non-union staff equals a reduction in the budget by $793,115. Besides putting a freeze on hiring, other measures have also been taken such as a ban on overtime, holiday relief and there is a consideration for delaying the return of the seasonal employees.

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