The cost of doing business has worsened for nearly nine in 10 B.C. businesses, survey finds

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Talent trumps taxes, capital, red tape as the top issue for business owners, who are struggling with the cost of labour

Every year, the BC Chamber of Commerce conducts the Collective Perspective survey, providing a unique opportunity to review the needs and wants of business owners across the province.

More than two-thirds of business owners believe the most important factor for the success of their business is the ability to recruit and retain talent. At this stage, all other challenges – including innovation, capital, red tape and taxes – are less significant. Majorities also mention measures to create housing choices that are affordable for younger people , investments to strengthen the health-care system, including in mental health services , investments in public infrastructure , measures to create more affordable housing for low-income people and investments in public transit .

There is a particular topic where responses are lukewarm. About three in 10 business owners acknowledge that they have made no real progress reducing emissions, and about two-in-five do not expect to be pursuing opportunities to do so in the next few years.

 

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