Creating jobs we need

Small Business Week, which runs from October 16th to 22nd, is a great opportunity to acknowledge and celebrate the small business owners who create jobs and support economic growth in our community.

 

Small Business Week, which runs from October 16th to 22nd, is a great opportunity to acknowledge and celebrate the small business owners who create jobs and support economic growth in our community.

Last week, I was invited to Anodyne Electronics Manufacturing Corp (AEM) on Kirschner Road to celebrate their 2nd birthday.  With a workforce of more than 75 people and plans to hire more next year, AEM is a classic example of a local small company that is having a big impact on our economy.

100% employee-owned, AEM is staffed with highly-skilled individuals and carries out that all-important research and development (R&D) that is so critical to innovation.  It’s mindful of its carbon footprint too.

It’s small businesses like AEM that are a key driver of Canada’s economic stability, accounting for about 98 percent of all business establishments in the country and about two-thirds of the private sector workforce.

It’s the reason our Government is committed to supporting small business owners by keeping taxes low, cutting red tape, reducing trade barriers and making financing available through programs like the Canadian Youth Business Foundation and Canada Small Business Financing.

It’s also why the Government has been pursuing an aggressive free trade agenda.

As one of BC’s top 25 exporters, shortlisted for the top three, AEM’s sales have grown 44%, year over year, with over 95% of their sales outside Canada.  As Pat Bell, BC Minister of Jobs, Tourism and Innovation points out: “These companies, regardless if they’re established players or up-and-comers, are proof that exporting leads to success.”

International trade has long been recognized as an essential driver of jobs and growth for Canadian businesses and communities and key to raising the standard of living of Canadians.

Although the Canadian economy has been and will continue to be closely integrated to the North American continent, it makes sense to diversify beyond the United States to benefit from the large existing and emerging markets.

That is why, in less than five years, the Government has launched an ambitious trade agenda, opening doors to Canadian business by concluding new free trade agreements with Colombia, Peru, Jordan, Panama and the European Free Trade Association states.

And currently, with its mix of leading and emerging economies, Canada is looking to the lucrative market of the European Union.

With access to a high-income market of one-half billion consumers, a Comprehensive Economic and Trade Agreement (CETA) with the EU will offer great potential for economic growth and job creation generating an estimated $12 billion annually in economic activity.

When you realize that Canada represents more than 2% of the world’s trade but has only .5 % of the world’s population, you realize just how important trading with the world is to Canada.  We’re good at it and our Government, lead by International Trade Minister Ed Fast, is committed to expanding trade opportunities for Canada knowing that Canadian businesses and workers can compete with the best in the world.

Robust trade worldwide, along with a very competitive tax regime, is just one more way that our Government is strengthening the economy, helping Canadian business to grow, and creating jobs for Canadians.  Small businesses like Kelowna’s own Anodyne Electronics Manufacturing Corp. are more than ready to take advantage.

More information about federal government support for small business can be found at ic.gc.ca or canadabusiness.ca .

 

Ron Cannan is the Member of Parliament for Kelowna-Lake Country.

Just Posted

World Community Film Festival returns to Kelowna

The festival celebrates its 16th anniversary

Line-up for Kelowna Fan Experience 2019 to be announced

The line-up will be announced Feb. 22

2019’s “status quo” budget accepted cautiously by Kelowna Chamber

“(This budget) is to appeal to an NDP base.”

Teresa May talent agency opens in Kelowna

The agency will be holding an all ages open casting event Feb. 24

Niedermayer jersey retirement ceremony a dream come true

Penticton minor hockey players bring home memories of a lifetime from Niedermayer jersey retirement

Students give two thumbs up to no more B.C. student loan interest

Eliminating the loan interest charges could save the average graduate $2,300 over 10 years

Ontario man accused of killing 11-year-old daughter dies in hospital, police say

Roopesh Rajkumar had been hospitalized with what police described as a self-inflicted gunshot wound

Larch Hills junior skiers top Teck BC Midget Championships

Multiple top-five finishes contribute to aggregate team trophy

Manitoba ‘pauses’ link with ex-B.C. premier Gordon Campbell after allegations

Campbell had been hired to review two major hydro projects

Heritage minute features Japanese-Canadian baseball team, internment

The Vancouver Asahi baseball team won various championships across the Pacific Northwest

UPDATE: Woman, off-duty cop in critical condition after stabbing outside B.C. elementary school

The officer was interceding in an alleged assault when he and the woman were stabbed

Pool plans disappoint Shuswap swim clubs

Salmon Arm mayor assures options for city rec centre only preliminary

Vehicle fire on Coquihalla near Kamloops

A large plume of smoke could be seen rising into the sky over Highway 5

$10-a-day child care not in 2019 budget, but advocate not irked

Sharon Gregson with the Coalition of Child Care Advocates of B.C. says NDP on track to deliver promise

Most Read