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 neighborhood is optimistic.

Majority of Lethbridge companies have optimistic outlook: survey – Lethbridge

Sixty-nine per cent of respondents have a beneficial view of the following six to 12 months, after native companies reported progress 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 line with survey outcomes, the most important 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 give attention to municipal taxes in 2022.

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New to the newest survey have been questions on downtown enterprise satisfaction.

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

Trying to the long run, labour shortages are anticipated to stay a problem, recognized alongside the rising price of inputs and labour as the most important hurdles going through enterprise homeowners within the 12 months forward.

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