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Small Business Too Big To Ignore

Thursday, May 05, 2016

Today, the Barrie Chamber of Commerce (BCC), in partnership with the Ontario Chamber of Commerce (OCC), is launching 'Small Business Too Big Too Ignore', a six month campaign that will highlight the important contributions of small businesses in our community and investigate the top barriers to small business growth.

The 'Top 3 Obstacles to Small Business Growth' report released by the OCC and the BCC is aimed at starting a conversation about the underlying challenges that are weighing on small businesses and stifling job creation in Barrie and the surrounding area.

Quotes

"Rising cost of electricity is just one of the many elements adding to the cost of doing business in the province. The Chamber is launching this campaign to take a look at how we can mitigate these types of costs by engaging government and business leaders in a conversation to answer the question "What exactly is ailing small business?"
- Rod Jackson, CEO, Barrie Chamber of Commerce

"Small businesses are the core of our membership who employ nearly 3 million Ontarians and are the backbone of our economy, which is why we've decided to undertake the 'Small Business Too Big Too Ignore' campaign. Over the next 6 months the Chamber will be actively consulting with local small businesses to identify the barriers they face and how they can be resolved."
- Rod Jackson, CEO, Barrie Chamber of Commerce

Audio Link
Audio Link 2

Report results:

  • The rising cost of doing business is identified as a major impediment to small business growth
  • One in twenty businesses in the province expect to close their doors in the next five years due to rising electricity prices
  • 38 percent will see their bottom line shrink, with the cost of electricity delaying or cancelling investment.
  • Infrastructure gaps and a lack of access to skilled workers are seen as the top obstacles weighing on small business
  • 39 percent of employers have had difficulty filling a job opening over the past year and a half, an increase of 11 percentage points since 2014.

Contact: Rod Jackson, CEO, Barrie Chamber of Commerce:

705-794-4779 (cell) / 705-721-5000 (bus)




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