Vancouver Business Plan Writers

Vancouver is the largest city in the Metro Vancouver region and is the economic centre of the area. According to Metro Vancouver, the 2016 population base of 2.57 million is anticipated to increase by one million before 2050. The City relies on immigration for its population growth and is noted as the most Asian city outside of Asia.

Leading global authorities consistently rank Vancouver as one of the top cities in the world to live. From an economic perspective, Vancouver’s business costs are amongst the lowest of developed nations in a country that is a world leader in competitive advantages.

Vancouver’s vibrant, mixed-use neighbourhoods rely on modest commuting with a range of transportation options, which are highly attractive to both businesses and talented employees. In addition to Translink, the regional transportation authority, transportation organizations that play a vital role in Vancouver include the international airport (YVR) and the Port of Metro Vancouver (largest Canadian port).

There is a strong talent base in Vancouver throughout most sectors, especially in entrepreneurship, technology and creative industries. The Vancouver Economic Commission acknowledges that given global trends and projected increases in demand for human capital, the City will continue to strengthen its position as a compelling destination for talent.

Vancouver’s economy is a balance of mature and emerging sectors including: manufacturing, resource development, digital media and film, technologies, life science and biotech, according to the Vancouver Economic Commission report. Plus, the City also has significant momentum in green products and services, considered one of the fastest emerging sectors of the global economy. A 2017 BC Chamber of Commerce survey indicates tourism was ranked as the most important sector to BC’s economy over the next decade, followed by clean technology, health services and international trade.

Vancouver is home to major national and global companies like TELUS, Teck Resources, Westport and Goldcorp. It has emerging strength as a centre for entrepreneurs in the innovative and creative sectors – digital media companies like Disney’s Pixar, Sony Imageworks, Rainmaker, Hootsuite and MPC are all part of the city’s growing media clusters. Apparel is also strong, Lululemon Athletica and John Fluevog Shoes are Vancouver-based leaders in the global apparel industry and micro-clusters like eco and sports apparel have a solid footprint.

Resource industries like mining and forestry have been a mainstay, and Vancouver remains a major global hub of resource industry activity.

With a stable local business environment, the small business sector in BC is a more integral component of the economy compared to most other provinces. The BC Stats and Small Business BC 2018 report revealed the Mainland/Southwest region, which includes Greater Vancouver, was home to about 64 per cent of small businesses, higher than the 62 per cent share of total provincial population. Small businesses in BC operate across a number of diverse activities, ranging from family-owned and operated restaurants, to small industrial operations, to self-employed caregivers.