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Majority of Lethbridge companies have optimistic outlook: survey – Lethbridge

Majority of Lethbridge companies have optimistic outlook: survey – Lethbridge

Outcomes from the 2022 Lethbridge Brighter Collectively Survey unveiled Thursday present general, the outlook from the native enterprise group is optimistic.

Sixty-nine per cent of respondents have a beneficial view of the subsequent six to 12 months, after native companies reported development in 2022.

Sixty per cent mentioned they grew over the previous 12 months, up from 54 per cent the 12 months earlier than.

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Fifteen per cent say enterprise declined over the identical timeframe, in comparison with 1 / 4 of companies that reported a discount in 2021.

Yr-over-year, town’s strengths and challenges stay related.

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In response to survey outcomes, the largest positives of Lethbridge are high quality of life and the collaborative surroundings, each of which positioned within the high three in 2021.

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Proximity to complimentary industries knocked transportation infrastructure out of the highest three.

Respondents mentioned utility prices, the tax surroundings and workforce availability stay their greatest challenges, with extra concentrate on municipal taxes in 2022.

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New to the latest survey had been questions on downtown enterprise satisfaction.

The clear sweep program and frequency of Competition Sq. occasions obtained the best ranking, whereas the tempo of residential growth and security scored lowest.

Trying to the longer term, labour shortages are anticipated to stay a problem, recognized alongside the rising value of inputs and labour as the largest hurdles dealing with enterprise homeowners within the 12 months forward.

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