Through the business retention and expansion (BR&E) program, Squamish works strategically with local business operators to assess risk areas, analyze barriers to business growth and apply solutions. A healthy local economy starts with the businesses in place today. Their success means local jobs, expanded services and a reliable tax base to support the community, plus a thriving economy that attracts new investment in the future.
Supporting Squamish Businesses
Too often economic development initiatives focus solely on attracting new investment as the top priority, when in reality, proven success lies with supporting existing businesses. Research shows that as much as 80% of job growth is generated by existing companies rather than new industry. So if existing businesses flounder or fail, the community loses jobs, tax revenue, services and other important community benefits. The Business Counts Program offers viable options to address issues and mitigate business risks by connecting businesses to resources such as specialized assistance, expertise and other services.
The Business Counts Program identifies needs areas and develops tangible tactics to deliver viable solutions. In short, actions will speak louder than words. Working together with partners and local businesses, the program:
The proven success of BR&E programs in communities like Vernon, Chilliwack, and Powell River demonstrates the potential for Squamish. The Business Counts Program tackles the tough challenges experienced by local Squamish business owners by connecting them to resources and services, and aligning internal policies and procedures to meet needs.
Connect with the Business Counts Program to:
Partnership is the core principle for the Business Counts Program. Squamish works with the Economic Development Association of BC to secure specialized resources and tools that will assist in the delivery of this effective BR&E program.
As the program moves forward, the economic development staff will continue meeting with local businesses to build relationships and coordinate support for the BR&E program and effective business service delivery.
Program partners include the Squamish Chamber of Commerce, Community Futures, the Downtown Squamish Business Improvement Association, Training Innovations, Tourism Squamish and Inside Edge. Together, these partnerships are building a collaborative approach to business service delivery.
This report provides a summary of key findings from 126 business interviews conducted in 2011 and 2012, followed by detailed results. Read this report.