Northern Ontario’s four largest
cities have been ranked in Communities in Boom, an entrepreneurial
index conducted annually by the Canadian Federation of Independent Business (CFIB).
The federation examined 103 cities
across the country with a population of 25,000 or more. It used a
number of variables to measure entrepreneurial activity in the
communities, including a high concentration of entrepreneurs, a high
business startup rate, high levels of optimism and success in
business owners, and good public policy.
Overall, Sudbury was the highest
ranking northern city, coming in at number 16, while Sault Ste. Marie
followed closely behind in the number 23 spot. Timmins ranked number
39, while Thunder Bay came in at number 62.
Indicators used by the federation were
grouped into three main categories: presence, which represents the
scale and growth of business ownership and industrial diversity;
perspective, which covers indicators associated with optimism and
growth plans; and policy, which represents indicators associated with
the actions local governments take with respect to business taxation
Sudbury ranked amongst the top-scoring
cities in the “perspective” category, while Thunder Bay came in a
top spot in the “policy” category.
For the full report, visit