Teleorp, the Tribal Resources Investment Corporation, recently concluded an agreement in
Terrace with the federal government for $215,285 in funding to support aboriginal business
and economic development services in the. Northwest. The organization will. hire a
development officer to work out of Prince Rupert in assisting. some of the 23,000 native

2 OT TRE RR PAR Set

people in the region to set up and manage their own businesses. .

_ Terrace Review — Wednesday, January 29, 1992 15
Local building |
stats stage
year-end rally |

Most of last year the health of
the local economy was in ques-
tion from.a construction point of
view. The value of building
permits issued was down from
1990. Throughout the year, the
1991 total eventually equalled

and even surpassed 1989 per--
‘formance .by a healthy ‘margin, .
but in the end it came close to

being a tie.

This was good news for a city
council concentrating on overall
economic development in the
area, |

"We have recovered very nice-
ly," Mayor Jack Talstra said
when the building .inspector’s

_ Jobless
rate
edges up

TERRACE — The rate of
unemployment in the area
that includes Terrace nudged
up over the national average
in the last month of 1991.

The December 1991 Labour
-Market report for. northwest
B.C., prepared by the Terrace
Canada Employment Centre,

Stated that the region 98/99

(combined northwest © and —

northeast B.C.) . unemploy-
ment statistical rate. climbed
to 10.4 percent, up from 9.5
percent for the previous
month and just above the
Canadian average of 10.2
percent. The rate is also up
from 9.7 percent reported in

‘$3,834,043, up
. $400,000 from December

December 1990. _

Total benefits paid out
through the Terrace office for
the month were reported as.
about

1990. The number of active
claims is up 138, three per-
cent, for the same period.

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Terrace: 4730 Keith Ave. .

OPEN TO THE PUBLIC: MON. - WED. & SAT.: 10 am-6pm. THURSDAY & FRIDAY: 10 am -9 pm. Closed Sunday.

year end report came up on the
agenda last week. And with the
Canada Safeway expansion pro-
ject about to recommence and.
the construction of a new correc-
tion centre soon to go to tender,
"It should be fairly good this
spring,” he predicted.

A good start wasn’t the story
early in 1991, however. Janu-
ary’s report offered only. $23
collected in licensing fees for
$1,700 worth of renovations at
Terraceview Lodge. Local offi-
cials said it was the weather.
not much happens here in Jan-
uary. In January 1990, however,
the value of construction was
listed at $417,680. In 1989,

. construction: was valued at -

$72,000. And in’ 1988 the total
came to $21,000. ssi‘
By the end of February last

year, the numbers were a little
more encouraging. The recon-
struction. of the fire-damaged.
Bavarian Inn helped raise: the
total at the end of the first two
months of 1991 to $637,250, not
bad compared to $648,510 in
1990 and $1.52 million in 1989.

To the end of June 1991,
though, the performance of the
construction industry, as
reflected in the value of building
permits issued, was down. The
1991 six-month total came to
$6.1 million, down one-third
from 1990, but up one third
from 1989, | .

By the end of the third quarter
there were signs of improve-
ment. Work on the $1.53 million
Uplands Elementary addition
was under way and construction
of the new $529,000 Evangelical
Free Church had begun. This
taised the 1991 running total to
$10.08 million compared to
$12.48 million in 1990. The
industry lagged behind the 1990
performance by only 16 percent
and was a full 15 percent ahead
of the 1989 third quarter total of
$8.77 million.

A little ground was lost in the
fourth quarter, however, and by
the end of the year the estimated
value of construction in 1991
totalled $11.04 million, Just
slightly behind the 1989 total of
$11.5 million. And compared to
1990, which added up to $14.6
million, we were down 28 per-
cent.

If you don’t know
what’s going on,
things go on

without you.

read the
Terrace Review