BC an expensive province to do business: BC Chamber
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PRINCE GEORGE – Businesses with fewer than 50 employees make up the Lion’s Share of business across all sectors of the BC economy, and put more than a million people to work every day. They face a host of challenges but one that is unique to this province is the fact it is one of the most expensive places to do business.
“Whether it is taxes, access to labour, inflation. Many of those things are driving costs,” explains Alex McMillan, Interim Policy Director, BC Chamber of Commerce. “Small businesses that are the backbone of the economy, it’s a challenge. But it’s a challenge they’re taking on with a full head of steam.”
One of the challenges facing small businesses, in conjunction with high costs, labour shortages and supply chain issues, is the ability to remain competitive, especially in the North.
