RELEASED: June 17, 2016
The region’s business climate is generally positive with some sectors reporting growth, according to a survey focusing on business retention and expansion.
Within the 160 businesses surveyed by the Orillia Community Development Corporation and regional partners, 444 new jobs have been created in Ontario’s Lake Country in the last three years.
“Overall, businesses are reporting that this region is a good place to do business,” said Wendy Timpano, general manager of the CDC. “Several have experienced growth and anticipate further expansion over the next 18 months.”
With pooled resources, as well as support from the Ontario government, the study aimed to engage local businesses in an effort to identify positive and challenging attributes of the region as a place to do business.
“We are grateful for the input and contributions made by our project partners, participating businesses, and volunteers,” Timpano said. “This is a great example of a highly successful regional collaboration in support of economic development.”
Regional project partners include Orillia, the townships of Oro-Medonte, Ramara and Severn, the Chippewas of Rama First Nation, the County of Simcoe, and the province of Ontario.
While the study revealed an overall positive outlook, it has also identified some concerns that will need to be considered, the CDC said.
A summary of the findings along with recommended actions to address the needs of local businesses will be released at an event June 21st, at the Orillia Museum of Art and History from 5 p.m. to 7 p.m. Anyone interested in attending can register online at www.orilliacdc.com, call 705 325 4903, ext.101, or email email@example.com.
Source: Orillia Today