Select Page

Kelowna a top entrepreneurial community

Kelowna a top entrepreneurial community

Bernard-Avenue-shopsCities in west still best for starting, growing a business; Kelowna a top entrepreneurial community 2015

Entrepreneurs looking to start and grow a business should look west, according to the Canadian Federation of Independent Business's (CFIB) eighth annual Entrepreneurial Communities report. The communities around Calgary took top spot for the second year in a row, with Kelowna and the area surrounding Edmonton close behind among major cities.

"The west is still best, but we're seeing the beginnings of a power shift away from the traditional entrepreneurial power centres in the prairies towards BC, as the fallout from oil prices continues to hit the region. We are also seeing parts of Central Ontario becoming more and more desirable for entrepreneurs," said CFIB chief economist Ted Mallett.

On the first day of Small Business Week in Canada, CFIB's Entrepreneurial Communities report takes an in-depth look at how 121 cities/economic regions support and promote entrepreneurship. It scores each of them out of 100, by looking at 14 indicators across three main categories –Presence, Perspective and Policy.

Saskatoon, Guelph, Barrie, Regina, Moncton and the grouping of communities that ring the cities of Toronto and Vancouver round out the top 10 among major cities. Among mid-sized cities, BC's Penticton fares best, followed by Grande Prairie, AB, Collingwood, ON, Okotoks, AB, and Brooks, AB.

Once again, suburbs and regions surrounding cities tend to have better entrepreneurial environments than city centres because of lower relative costs, while still having reasonably strong access to large markets.
"Each city has its own unique development story, but the one thing they have in common is the entrepreneurial spirit that drives them," added Mallett.

Read the full report here.


Street Biz: Creating People Places

Our October issue features the revitalization of main streets in the Okanagan. We’re also living the Good Life with the Best Chef in the South Okanagan, Paul Ceccinni, and exploring what's…

Related Post

About The Author


Okanagan Life captures the essence of life in the Okanagan Valley with informative and entertaining features on issues that matter to people who live or vacation in this great region, plus stories on Okanagan destinations, personalities, wine, food, history, outdoor recreation and more. We're now in our 30th year of publishing. Subscribe

30,000 giveaway for small business okanagan

Current Issue

Current Issue

June 2018 Okanagan Life


yearly-subscribeDigital Edition - Yearly Subscription

Each month, we're giving away 30 free annual subscriptions to celebrate our 30th year in publishing! With a digital subscription, you can enjoy Okanagan Life on your tablet.

Upcoming Events

There are no upcoming events.


Error: Please enter a valid email address

Error: Invalid email

Error: Please enter your first name

Error: Please enter your last name

Error: Please enter a username

Error: Please enter a password

Error: Please confirm your password

Error: Password and password confirmation do not match