Red Tape Awareness Week is under way. For day 3, the Canadian Federation of Independant Business have released the official report. It’s pretty shocking. Then again, only a business owner would be able to attest. I thought I’d put it on my blog and get thoughts from around the Peace Region.
My family has been in Peace River for 5 years now. It’s a beautiful spot, but I can’t help but notice growth numbers from across Canada and the world are increasing, while they stay almost the same here. According to Wikipedia and census figures, Peace River’s population is 6729 (based on 2011 numbers, so let’s round off to 7500? Maybe? Wishful thinking?) The last big jump in population was between 1976 and 1981. (Not the biggest jump, however.) Another census is due, but that’s another topic for another day. There has been growth, but on a national level, it’s minimal. While I’ve had a chance to discuss it with people in the town, it seems there is a part of the community that likes it ‘just the way it is’. They don’t want growth. Others say we ‘need it’. (Can’t keep going to the same well.)
It really doesn’t matter what side of the fence you’re on, when it comes to the figures released today, you have to feel something for business owners. I’m simply wondering if Red Tape is one of the issues halting progress in this town? (Progress = population & business growth).
With the Red Tape Report being released today, we know the cost of Red Tape to upstart Canadian Businesses. (Source: CFIB) The total cost of regulation to Canadian businesses has grown to $37.1 billion, up from $31.7 billion in 2012. In terms of time, businesses spent an average of 842 hours a year complying with government rules and paperwork in 2014. That figure was up 12 per cent from 2012.
Forty-two per cent of small business owners would not advise their children to start a business given the burden of regulation.
“If today’s entrepreneurs are telling their kids don’t do it, where is that next generation of entrepreneurs going to come from?” asked CFIB executive vice president Laura Jones. “Red tape is a serious threat to our future prosperity.”
QUESTION: Has red tape negatively affected the way you did business in the Peace Region in 2014? Does it even apply to you? Is this another case of ‘we’re different, it doesn’t apply to Peace River?’ Would you recommend a potential business owner come to Peace River to start a new business?
It’s a beautiful little spot, it shouldn’t be that difficult to attract business, so is Red Tape an issue here or not?