Having great access to goods from around the world is a great advantage for Vancouver businesses and forms the life-blood of the city’s trade. Port Metro Vancouver is Canada’s largest and busiest port, impacting over 120,000 jobs in the greater Vancouver area. The Mainland/ Southwest region of B.C. is home to about 64 per cent of small businesses, while Vancouver Island/Coast accounts for 16 per cent of the small business total. Small businesses in B.C. employ nearly 1.1 million people, accounting for 54 per cent of private-sector employment.
Here’s a look at some of reasons why business love Vancouver:
Easy to attract great employees
Convincing workers to bring their talents, as well as their families, to a city consistently ranked as one of the most livable in the world seems easy.
Gateway to Asian economies
Vancouver being the gateway to the Asia Pacific, businesses here have easy access to the Asian economy and markets
People here like to hire help
With so much do to around the city, why would people spend their leisure time working? It’s a boon to service providers.
One of the greatest strengths a business can have is a source of inspiration and creativity. Vancouver’s beauty provides the stimulus.
Proximity to US Markets
Despite their recent economic struggles, Canada’s biggest trade partner continues to be the United States. The close geographic proximity continues to benefit those in the commodities export businesses. Meanwhile, neighbouring Seattle’s software development industry has made Vancouver a natural fit when locating the Canadian operations of American IT firms, as well for Canadian based IT firms.
Having such a mild climate relative to the rest of Canada means year round work (and play) options for many businesses.
Tourism is booming
Vancouver consistently attracts around 6 million visitors each year. According to Tourism Vancouver, those visitors spend upwards of $4 billion on accommodation, transport, food and entertainment when here, which creates plenty of opportunities in the hospitality and tourism business.
With a thriving technology sector and access to growing markets across the Pacific, it’s little wonder that business is booming in Vancouver. More than a tenth of the names on the PROFIT 500 ranking of Canada’s Fastest-Growing Companies are headquartered in and around the city.
Tags: Business, Business in Vancouver, Economy
This post was written by sharpshooteradmin