Construction plays a major part in fueling Prince George's economy. Discover opportunities, learn about the construction cluster's competitive advantages, and
view local construction company listings in the Business Directory.
Construction in Prince George
Prince George's construction industry is one of the main drivers in the development of new projects that are planned or underway in northern British Columbia. These projects involve contracts with local firms and support a large workforce to help deliver and build modern and innovative infrastructure.
Residential real estate is a significant contributor to the local economy and is a leading economic indicator. Construction generated $408 million in GDP for Prince George in 2018.
Construction Cluster Objectives
- Expand knowledge base of industries, leading to more collaboration and competition that breeds innovation, specialization, and expertise.
- Attract foreign direct investment by creating more focused marketing on specific industries.
- Clustering helps firms grow faster, increases their recognition, and establishes them in the market.
- Workforce attraction and retention. Clusters consolidate and highlight opportunities available in industry.
Construction North American Index Codes
The construction cluster uses the following
North American Index Codes (NAIC):
2361 - Residential Building Construction
2362 - Non-Residential Building Construction
2371 - Utility System Construction
2372 - Land Subdivision
- 2373 - Highway, Street, and Bridge Construction
2379 - Other Heavy and Civil Engineering Construction
2381 - Foundation Structure and Building Exterior Contractors
2382 - Building Equipment Contractors
2383 - Building Finishing Contractors
2389 - Other Specialty Trade Contractors
- In 2018,
4,800 people were employed in construction and that number is expected to grow by one per cent in 2020.
- Construction sector GDP is expected to grow from $408 million in 2018 to
$426 million in 2020.
- Prince George's construction industry grew on average by
4.8 per cent annually between 2013 and 2018.
- Workers broke ground on
427 new homes in 2017, which was the highest level of housing starts since 1996.
- More than 38,000 trade students graduate from the College of New Caledonia every year.
- Access to large core industries such as lumber, steel, asphalt, and concrete.
- Natural resource, business, and tourism developments result in a high demand for construction in Prince George.
- Prince George has a diverse construction industry (design and build subcontractors).
- Proposed $195 billion funding for major project capital expenditures in Central and Northern B.C., which accounts for over 60 per cent of all major capital expenditures in B.C.
- Wood design and innovation.
- Workforce education and training.
- Transportation and logistics.
- Equipment rental, storage, and maintenance.
View a listing of construction companies currently registered in Prince George.
Find contact information, company profiles, and more in the City's Business Directory.
1100 Patricia Boulevard
Prince George, BC V2L 3V9