The Future of Entrepreneurship

15 Sep 2020


news

Entrepreneurship’s Importance to Canada’s Economy 

Entrepreneurs are the lifeblood of the Canadian economy and often we refer to these types of companies as SME’s, which are companies under 500 employees. They represent 99% of all Canadian companies; they represent 90% of all jobs in the private sector; and SME’s accounted for 85% of all net new jobs created in Canada last year. 

I think entrepreneurship is more important today than it was 10, 15, 20 years ago. I think the percentage of new employment created by SMEs is higher. In the past, large corporations seemed to be the ones that were delivering innovation, now it seems to be the smaller companies and with social media, and with technology, and with the cost of starting a new firm, the ease of starting a new firm changing quite a bit in the last decade it seems that a lot of our innovation now is coming from our SMEs.  

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Braven-Seljax

“In Spruce Grove we have everything in the way of retail businesses, excellent schools and first-class sport facilities all right here.” 

Braven Blackwell, President, Seljax

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CC

“We chose Spruce Grove because it had the best real estate prices in the area compared to other industrial parks.”

Tim Martin, General Manager, Cross Country Infrastructure Services Canada Inc.

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ACKT

“Locating in Spruce Grove is prime for us.  We need to be centrally located in the province to reach our customers and move our products.”  

Anthony Worbeck, Sales Director, ACKT Industries

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Thompson

“The feeling of home and family orientated culture has allowed us to retain our most valuable asset, our people.”

Neil Matheson, CFO, Thompson Construction Group

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Rik-Solare

“The City has the space we need—store frontage with lots of traffic and warehouse space.”

Rik Kaminsky, Co-Owner and CEO, Solaré Canada Inc.

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AB-Precast

“Retaining long-term employees is key. It’s difficult to do, but we’ve done it in Spruce Grove.”

Jack Seguin, Owner, Alberta Precast Products

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