Smaller Cities Better For Small Business

Entrepreneurs do better in smaller cities than larger ones, according to a new study by the Canadian Federation of Independent Business.
November 3, 2008, 2pm PST | Tim Halbur
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"Most Canadians live in large metropolitan centres, but everything from tax policies on small business to the regulatory burden has left the country's smaller cities better positioned for small-business growth, says Catherine Swift, president and chief executive of the CFIB.

"The large urban centres have had the luxury for a long time of cranking up the taxes on their business cores, but as they have enlarged, the [smaller centres] are much more business-friendly." she says.

The report - Communities in Bloom: Canada's Top Entrepreneurial Cities - is the result of an examination of 12 main factors in three key areas that affect the likelihood for entrepreneurial success among cities with populations greater than 25,000."

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Published on Monday, October 20, 2008 in Financial Post
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