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OCTOBER 26, 2023 • WESTMAN BUSINESS • THE BRANDON SUN
Why small business is big in Canada
Small business is the backbone of the Canadian economy. These enterprises, which include many local shops and contractors, drive innovation, create jobs and foster economic growth. In recog- nition of BDC Small Business Week, taking place from October 15 to 21, here are seven facts highlighting the importance of Canadian small businesses: 1. About 98 per cent of all business- es in Canada have fewer than 100 employees, making small busi- nesses a dominant force in the entrepreneurial landscape. 2. More than 80 per cent of the private sector workforce is employed by small and medi- um-sized enterprises (SMEs), demonstrating the critical role of small businesses in job creation and employment opportunities. 3. Small businesses in Canada con- tribute about 53 per cent to the country’s GDP, underscoring their substantial economic im- pact.
4. Small businesses accounted for about 43 per cent of all goods and services exported by Canadi- an businesses, showcasing their contribution to international trade. 5. Small businesses are active in various sectors, with the highest concentration in professional, scientific and technical services, retail trade and construction. 6. Small businesses play a vital role in rural communities, account- ing for 26.5 per cent of total em- ployment in rural areas. 7. Small businesses are often the breeding ground for innovation, with more than 41 per cent of all private sector investments in re- search and development being made by SMEs. This year, you can observe BDC Small Business Week by supporting the small and medium-sized busi- nesses iyour community. Visit bdc. ca for more information.
Warm Comfort Foods WEST END Falling Leaves Fabulous Foods 3409 Victoria Ave | Brandon, MB 204-727-3443 Fresh Produce
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3409 Victoria Ave. | Brandon, MB 204-727-3443
1307 18th Street North (South of Kelleher Ford) Brandon, Manitoba 204-717-1291 OPEN | Wednesday to Saturday 10-5pm
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