Campbell River business leaders cautiously optimistic
These were among the key findings of the first Campbell River Chamber Business Leaders Survey released today to a sold out crowd of over 100 people at the Campbell River Chamber Outlook Breakfast hosted by the Chamber. The survey reflects the opinions of 200 local business leaders from telephone interviews conducted by a third-party market research firm, PRA Inc., between November January 21-27, 2017. The survey was conducted in partnership with MNP LLP. The goal of the survey was to assess the local business climate and economic outlook, and explore other local business issues in Campbell River.
Among the key survey findings:
- Business outlook shows positive signs despite uncertainty in the economy
- Looking ahead, 55% of respondents expect their financial performance to improve in 2017 and 44.5% expect to increase their capital investment in the next three years.
- The greatest challenge facing local businesses in the next 12 months is uncertainty in the economy. Other notable challenges include finding and keeping the right employees and managing time and workload
- Respondents said local government is doing a better job of creating a good climate for business, but there is still room to improve by making it easier to do business, lower taxes and attract more business/jobs.
- In the next five years, 50% of business leaders plan to grow their business, while 13.5% expect to exit their business.
- 68% of respondents generally support the idea of establishing a third bridge across the Courtenay River. An additional 5.5% said it depends on the location while 16% were opposed.
Campbell River Economic Forecast full survey results here…