City of Penticton earns business-friendly accolades

Penticton is now ranked among the 20 most entrepreneurial cities in Canada.

Lately, Penticton has been getting its share of accolades as a business-friendly city.

According to the Canadian Federation of Independent Business, Penticton is now ranked among the 20 most entrepreneurial cities in Canada, and with a score that also puts it in the top three municipalities in B.C.

Penticton just made it into the top 20, however, with a rank of 20th out of 121 Canadian cities, up from 25th in 2013. That’s well ahead of the 2012, when the city was ranked 42nd.

The annual Canada’s Entrepreneurial Communities ranks  communities in three main categories, presence, perspective and policy. Penticton recorded good scores in all three for an overall score of 60.3, out of a possible 100 points. The top entrepreneurial city, Lloydminster, Sask., earned just 72.4 points. Kelowna is ranked 15th, with a score of 61.2.

Penticton was ahead of larger centres like Calgary (29), Winnipeg (61), Abbotsford-Mission (54) and Nanaimo (77), in addition to out-performing other cities from the B.C. Interior, including Vernon (32), Kamloops (48) and Cranbrook (112).

This accolade comes after Penticton being recognized provincially in 2013 during the Union of B.C. Municipalities convention, when the city was given the Open for Business award, a provincial program that recognizes communities that support small business through local government measures.

“We are open for business, and this ranking reinforces the City of Penticton’s commitment to create economic opportunity within the community,” said Penticton Mayor Garry Litke in a release. “Small business is the engine of our economy, and initiating Penticton economic investment zones and keeping tax ratios competitive help entrepreneurs on the path to prosperity. The City of Penticton is pleased that the Canadian Federation of Independent Business has recognized our efforts.”

But while the CFIB is recognizing Penticton on one hand, the city doesn’t score so well in one of their other research reports, the annual B.C. Municipal Spending Watch, which analyzes the sustainability of municipal finances by ranking municipalities based on their operating costs and their rate of operating spending growth.

In that report, Penticton is ranked worst amongst B.C.’s largest municipalities with a rank of 119, down from 118 in the 2013 report.

However, the report recognizes the ongoing work to improve finances, singling the city out as a case study.

“In 2009, Penticton conducted a core service review in an effort to examine its spending habits and improve its use of taxpayer dollars. From this review significant changes were implemented which resulted in the elimination of union positions, reduction of salaries, and wage freezes for managerial positions,” reads the report.

Just Posted

Summerland cidery Millionaires' Row is hosting a Father's Day car and art show. (Facebook)
Vintage cars, art and cider for Father’s Day

Summerland’s Millionaires’ Row Cider Co. is hosting the car and art show

This undated file photo provided by Ernie Carswell & Partners shows the home featured in the opening and closing scenes of The Brady Bunch in Los Angeles. Do you know the occupation of Mike Brady, the father in this show about a blended family? (Anthony Barcelo/Ernie Carswell & Partners via AP, File)
QUIZ: A celebration of dad on Father’s Day

How much do you know about famous fathers?

James Miller, the managing editor at the Penticton Herald, has been voted in for Jake Kimberley’s vacated council seat. (Submitted)
James Miller elected as Penticton city councillor

Penticton also voted yes to allowing up to 25 years for a Skaha Marina contract

The Eyes of the Tigers on the 2021 Beer Run on June 19. (Brennan Phillips - Western News)
Penticton Beer Runners take trip around local beaches and brews

Over 160 people signed up to come back after the 2020 run was cancelled

There was high voter turnout for the first of three advance voting days for the Penticton city by-election.
Penticton city by-election general voting day is today, June 19

737 voters on June 9 in comparison to 2018 general election, which had 1,001 on first day

Marco Mendicino, Minister of Immigration, Refugees and Citizenship during a press conference in Ottawa on Thursday, May 13, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Canada to welcome 45,000 refugees this year, says immigration minister

Canada plans to increase persons admitted from 23,500 to 45,000 and expedite permanent residency applications

Emily Steele holds up a collage of her son, 16-year-old Elijah-Iain Beauregard who was stabbed and killed in June 2019, outside of Kelowna Law Courts on June 18. (Aaron Hemens/Capital News)
Kelowna woman who fatally stabbed Eli Beauregard facing up to 1.5 years of jail time

Her jail sentence would be followed by an additional one to 1.5 years of supervision

Cpl. Scott MacLeod and Police Service Dog Jago. Jago was killed in the line of duty on Thursday, June 17. (RCMP)
Abbotsford police, RCMP grieve 4-year-old service dog killed in line of duty

Jago killed by armed suspect during ‘high-risk’ incident in Alberta

The George Road wildfire near Lytton, B.C., has grown to 250 hectares. (BC Wildfire Service)
B.C. drone sighting halts helicopters fighting 250 hectares of wildfire

‘If a drone collides with firefighting aircraft the consequences could be deadly,’ says BC Wildfire Service

A dose of the Pfizer-BioNTech COVID-19 vaccine is pictured at a vaccination site in Vancouver Thursday, March 11, 2021. THE CANADIAN PRESS/Jonathan Hayward
NACI advice to mix vaccines gets varied reaction from AstraZeneca double-dosers

NACI recommends an mRNA vaccine for all Canadians receiving a second dose of a COVID-19 vaccine

A aerial view shows the debris going into Quesnel Lake caused by a tailings pond breach near the town of Likely, B.C., Tuesday, Aug. 5, 2014. THE CANADIAN PRESS/Jonathan Hayward
Updated tailings code after Mount Polley an improvement: B.C. mines auditor

British Columbia’s chief auditor of mines has found changes to the province’s requirements for tailings storage facilities

Starting in 2022, the Columbia Shuswap Regional District is extending dog control to the entire Electoral Area D. (Stock photo)
Dog control bylaw passes in Shuswap area despite ‘threatening’ emails

CSRD board extending full dog control in Electoral Area D starting next year

A North Vancouver man was arrested Friday and three police officers were injured after a 10-person broke out at English Bay on June 19, 2021. (Youtube/Screen grab)
Man arrested, 3 police injured during 10-person brawl at Vancouver beach

The arrest was captured on video by bystanders, many of whom heckled the officers as they struggled with the handcuffed man

Most Read