When we asked small business owners in PEI how they felt about the future of their communities, many felt pretty optimistic and reported many advantages to doing business locally, notably community spirit and local residents who supported their businesses and other start-ups.
What advantages does your business' community have that positively impact the health of your business?
When it comes to the challenges experienced in their local communities, many were more pronounced in rural areas. Notably, rural business owners were significantly more likely to report a shrinking workforce and low-quality telecommunications as key challenges facing their local economies.
What disadvantages does your business' community have that negatively affect the health of your business?
In many Island communities, amalgamation and annexation have been hot topics. For small business owners, chief concerns in these discussions are ensuring that the regulatory and tax burden don't increase for their businesses. In order for bigger to be better, entrepreneurs want to see municipal and provincial leaders focus on finding efficiencies and economies of scale.
If your municipality were to amalgamate with others, which of the following principles should apply?