Business Retention and Expansion Study for Collingwood's Knowledge Base Sector

Overall Findings

FINANCIAL IMPACT ON MUNICIPALITY

Of the knowledge base businesses that participated in the BR+E Study, 81% supplied some information relative to employment. Of the 30% of the respondents who provided information, this sector injects almost $20,000,000 annually back into the community through employment dollars, creating a significant retail pull effect for other businesses.

This sector identified housing as a municipal issue, caused by the downloading from higher tier government and the changing demographics of the community. Consequently many employees are shut out from purchasing a home within Collingwood. Similarly to the manufacturing sector, the knowledge base sector express concern the current sale and rental markets are geared to a higher than average income and/or retirement market .

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