Small businesses play a vital role in the fabric of Edmonton’s economy and community. Let’s explore why they are so crucial:
- Economic Contribution:
- Small businesses make up 94.7% of all companies in Edmonton.
- They contribute significantly to the city’s Gross Domestic Product (GDP) and provide employment for over 250,000 people.
- Industries such as construction, professional services, and retail thrive due to the presence of small businesses.
- Vibrant Communities:
- Small businesses create vibrant local communities. They establish connections, foster relationships, and contribute to the unique character of neighborhoods.
- When you visit a local coffee shop, boutique, or family-owned restaurant, you’re experiencing the heart of Edmonton’s community spirit.
- Local Employment:
- By hiring locally, small businesses bolster employment opportunities. They provide jobs for residents, supporting livelihoods and economic stability.
- Whether it’s a startup, a corner store, or a creative studio, each small business adds to the city’s workforce.
- Quality of Life Enhancement:
- Active, resilient, and exciting local commercial areas and main streets enhance the quality of life for Edmontonians.
- These businesses offer convenience, services, and products that enrich daily living.
In essence, small businesses are more than just economic entities—they are the lifeblood of Edmonton, shaping its identity, fostering growth, and creating a sense of community. The City of Edmonton actively supports these businesses through initiatives like the Economic Action Plan Grant, One-On-One Support Program, and other grants, ensuring their survival and success.
