Sudbury has been ranked as the most
entrepreneurial city in Ontario by the Canadian Federation of Independent Business (CFIB), followed by Sault Ste. Marie in second
The federation's 5th annual Communities
in Boom identified 103 large and mid-size cities in Canada that have
the strongest signs of entrepreneurial activity.
Overall, Sudbury ranked 16th in the
country followed by Sault Ste. Marie (23rd), Timmins (39th), Thunder Bay (62nd), and North Bay (101).
Provincially, Timmins was (5th),
Thunder Bay (10th), and North Bay (31st). A total of 33 Ontario
cities were identified.
Sudbury, the Soo and Timmins all
improved their rankings from the previous year, while Thunder Bay and
North Bay went down.
According to the study, the CFIB stated
that one of the signs of an entrepreneurial hot spot is the presence
of a high concentration of entrepreneurs and a high businesses
For cities with populations of 25,000
or more, the federation identified 14 indicators that are grouped
into three main categories – presence, perspective and policy.
Sudbury had one of the highest
perspective category scores, which looked at business owners who were
the most upbeat.
“With Sudbury, we are in a very nice
position provincially and federally in terms of our economy,” said
Debbi Nicholson, president and CEO of the Sudbury Chamber of Commerce. “In the past few years and for the next few years, we
have and will have a robust economy. There is a lot of investment
going on in this community. I would think anyone interested in
starting a business would think now is a very good time to be doing
Sault Ste. Marie, respondents gave a
high score to government awareness of small business.
“We know our
community has competitive advantages and quality of life that are
tough to match, but it’s always nice and reassuring when these
positions are backed up by a third party,” said Don Mitchell,
president and board chair of the Sault Ste. Marie Economic Development Corp. “As reflected in the survey, business support
programs and economic development efforts of the past are paying
Timmins had a high ranking for life
satisfaction and to stronger business expectations in the next 12
“These rankings show that this city
creates and attracts some of the most innovative and dedicated
business minds in the world,” said Art Pulz, president of the Timmins
Chamber of Commerce. “Our membership is made
up of some truly remarkable entrepreneurs, many of which have seen
steady growth in recent months and years. It’s a testament to the
unique qualities of our people and our city that Timmins is being
recognized as one of the nation’s most vibrant business