Community Benefits Agreement (CBA) is a powerful tool that brings together communities, governments and businesses to create a sustainable future for all. It is an agreement that outlines the goals and objectives of a development project and the benefits that will flow to the community in which it will be located. In British Columbia, many development projects are now being negotiated with CBAs in place to ensure that everyone benefits. Here are the key community benefits of CBA projects in BC.
1. Local Employment
One of the main benefits of CBAs is the creation of local employment opportunities. In BC, many communities struggle with high unemployment rates, and CBAs help to address this issue by requiring developers to hire a certain percentage of their workers from the local community. This not only helps to reduce unemployment but also ensures that local communities can share in the economic benefits of the project.
2. Affordable Housing
Another key benefit of CBAs is the provision of affordable housing for working families. CBAs require developers to set aside a certain percentage of the housing units for affordable housing. This means that families who would otherwise be priced out of the housing market can afford to live in the community where the project is located.
3. Community Infrastructure
CBAs also require developers to invest in community infrastructure such as parks, community centers and transportation networks. This ensures that the project not only benefits the developer but also benefits the wider community by providing much-needed resources and services.
4. Environmental Protection
CBAs also require developers to take measures to protect the environment. This may include measures to reduce greenhouse gas emissions, minimize waste or protect wildlife habitats. By doing this, CBAs help to create a sustainable future for all.
5. Enhanced Consultation
Finally, CBAs require developers to consult with the community before and during the project development process. This ensures that community concerns are taken into account and that the project meets the needs of the community. It also helps to build trust between developers and the community.
In conclusion, CBAs are an important tool in BC for ensuring that development projects benefit the wider community. They help to create local employment, provide affordable housing, invest in community infrastructure, protect the environment and enhance consultation. By negotiating CBAs, communities can ensure that development projects are sustainable and that everyone benefits.