This report identifies the entrepreneurial strengths and weaknesses of communities across the country and ranks Canadian based on 14 business-friendly indicators.
In 2016, the most entrepreneurial city in Canada was Kelowna, BC, followed by the peripheries of Toronto -- commonly known as the ‘905’ -- and the towns of Barrie and Guelph Ontario.
What makes an entrepreneurial city?
The report finds that the surest signs of an entrepreneurial hot spot is the presence of a high concentration of entrepreneurs and a high business start-up rate. It is also important that business owners have high levels of optimism and success in their operations. And finally, good public policy is is critical, particularly the presence of supportive local government tax and regulatory policies.