Results from Elk Valley’s Largest Ever Business Survey Released
The Elk Valley Economic Initiative (EVEI) has released the Elk Valley Business Retention and Expansion (BRE) survey report. BRE surveys and reports are an effective economic development tool that encourages local businesses to stay and grow in the community through identifying and responding to their needs.
The full report (including the raw survey data and recommended action items) can be downloaded from the EVEI website at https://theelkvalley.ca/projects
The report describes findings from the BRE survey conducted online from October 22nd to December 22nd, 2021, for businesses operating in the Elk Valley. Based on the key research findings, action items were identified that would have greatest impact on improving business needs / challenges. Challenges identified in this report are not necessarily unique to the Elk Valley, however it is important that specific supports and action items are developed for the region’s businesses to stimulate a strong economic climate.
This is the first of four reports created from the survey data, with community specific reports (for Elkford, Fernie and Sparwood) to be released in May. These community BRE reports will analyze the survey data based on businesses operating in that specific community. Taylor Jenkins, the EVEI representative responsible for the reports stated, “I wanted to focus on using the data supplied by local businesses to make recommendations that would create a positive impact in the Elk Valley. I hope this is the first step of many to creating a stronger and unified Elk Valley community.”
The results of these four surveys can be used by the EVEI and its local member organizations to make well informed and data driven decisions focused on strengthening local businesses retention and expansion. Ongoing cooperative efforts between the EVEI, local government, businesses, and support organizations is crucial to the success of this BRE project. The BRE survey and reports came to fruition via a funding grant from ETSI-BC (Economic Trust of the Southern Interior) with support from the Province of British Columbia. The EVEI wishes to thank the 318 businesses throughout the Elk Valley that participated in the survey, and would like to congratulate Ghostrider Trading on winning the grand prize for participating in the survey (generously offered by Island Lake Lodge).