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Timmins firms cite lack of profitability as problem, survey reveals (9/02)

Timmins businesses are largely satisfied with their state of affairs reveals a survey conducted by the Timmins business retention and expansion project.

Timmins businesses are largely satisfied with their state of affairs reveals a survey conducted by the Timmins business retention and expansion project. Volunteers polled 138 businesses, including corporations, branch companies, partnerships and single proprietors, who responded to an advertisement.

The lack of technical, trade and post-secondary skills among the local workforce was cited as business's greatest concern, as well as lack of knowledge on resources and financial aid available to them through community futures programs and the Business Development Bank of Canada.

The survey results revealed 83 per cent of Timmins businesses offered bilingual services, 90 per cent were non-unionized, 81 per cent were founded in Timmins, 83 per cent had no problem with employee retention and 91 per cent expressed satisfaction with their current location.

On the other hand, 11 of 25 companies indicated they were considering relocating out of Timmins, and six small operations noted they plan to shut their doors over the next two years due to lack of profitability.