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Gravenhurst Business Report On 2018 Ends With Positive Outlook

Posted: 2019-05-10 09:28:48 By: hbr

The Town of Gravenhurst released the 4th edition of its Annual Business Survey Report, with a brand new look and a positive outlook.

The town says this year the Economic Development Team connected with 236 businesses, between mid-December and early January and obtained feedback on successes and challenges also gathers and updates vital local statistics like employment.

Jeff Loney, Manager of Economic Development says “Gravenhurst continues to see more business investment and growth each year. 5 years ago we were facing an increasing number of commercial vacancies but today our challenge has been the opposite, having 200+ inquires we are running out of available space” he said.

Some of the findings of the 2018 Annual Business Review Survey include:

  • 23 New businesses opened in 2018
  • Increase in Business Satisfaction to 92%, with 17% saying their business outlook is more positive
  • Net increase of 115 new positions; the majority being full-time permanent and full-time seasonal positions
  • 6% of businesses are looking for new or bigger space, however 4% said finding available locations has become a challenge due to lack of availability