Post on 23-Jul-2020
transcript
MNP Business Leader Survey
Presented by:
• Introduction
• Research methodology
• Results
• Questions
Agenda
• Modelled after similar surveys conducted by MNP across Canada
• Short pulse survey was designed to provide an economic snapshot of thelocal business community and opinions on key local issues
• Developed in partnership with the Lethbridge Chamber of Commerce
• Goal is to generate baseline information so we can work together toimprove the local business climate and help local businesses succeed.
Introduction
Methodology
• The survey was conducted by a third party research firm, PRA Inc. underthe guidance of MNP and the Lethbridge Chamber of Commerce.
• The survey sample includes 200 business leaders based off a list ofover 700 Chamber Members.
• Telephone interviews were conducted between November 19th –December 2nd, 2015.
Methodology
• Respondents included: business owners, CEOs, presidents, executivedirectors and designated senior corporate officers from businessesacross all industry sectors in the Lethbridge Region.
• 39% of the businesses PRA spoke to participated in the survey, which isa high response rate.
• Results will be posted on the Lethbridge Chamber of Commerce andMNP Lethbridge websites as well as shared on LinkedIn.
Methodology
Profile of Survey Participants
Respondents by industry
6.5%
6.0%
6.5%
10.0%
5.5%
3.5%
9.5%
5.0%
9.0%
1.5%
4.0%
Agriculture, forestry, fishing and hunting
Construction
Manufacturing
Retail Trade
Finance and insurance
Real estate, rental and leasing
Health care and social assistance
Accommadation and food services
Non-profits / church / charities
Tourism
Atrs, entertainment and recreation
0% 2% 4% 6% 8% 10% 12%
Results
Business Challenges
Has the current global economic situation affected your business?
No48%
Unsure2.5% Yes
49.5%
Business Challenges
How has the global economic situation affected your business?(top responses)
6.1%
10.1%
12.1%
12.1%
12.1%
19.2%
21.2%
Fewer jobs
Beneficial effect
Fewer customers
Increased costs
Less money to spend
Lower sales / reduced revenues
Business slowed / declined
0% 5% 10% 15% 20% 25%
* Respondents could provide more than one answer; totals may sum to more than 100%
Business Performance - Employment
In the past 12 months, has the number of people you employ increased,decreased or remained the same?
Increased26%
Remained thesame56.5%
Decreased17%
Unsure0.5%
Business Performance - Capital
In the past 12 months, would you say capital investments into yourbusiness have increased, decreased or remained the same?
Stayed the Same50.5%
Increased27%
Decreased16%
Unsure6.5%
Business Challenges
Thinking about Lethbridge and the economy in general, what is yourgreatest concern in the coming year? (top answers)
9.0%
10.5% 11.0%12.0%
12.5%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
The Economy Decreasing employment No Concerns Uncertainty of oil/gasindustry
Concern about Provincialgovernment
Business Challenges
Which is the greatest challenge facing your company for the next 12months? (top answers)
5.0%
5.0%
5.5%
6.0%
9.5%
10.0%
10.0%
11.0%
Increase in minimum wage
Marketing / branding
Consumer spending
Growing the company
Maintaining client base, revenue and sales
Skills shortage
Uncertain economic climate
Hiring and retaining good staff
0% 2% 4% 6% 8% 10% 12%
** Respondents could provide more than one answer; totals may sum to more than 100%
Attitude on Government Performance
Would you say the (Government) has been doing an excellent job, a goodjob, only a fair job, or a poor job in terms of creating a good climate forbusiness?
7.0%
2.5%4.5%
40.0%
17.5%15.5%
33.0%
20.5% 20.0%
8.0%
43.0%
19.5%
35.0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Municipal Government Provincial Government Federal Government
Excellent Good Fair Poor Too Early
Business Climate Competitiveness
How much do you agree that Alberta’s business climate is competitivewith other provinces?
2.5%
8.0%
26.0%
36.5%
22.0%
1 - StronglyDisagree
2 3 4 5 - StronglyAgree
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
Local Government Feedback
How much do you agree that Lethbridge’s overall image is steadilyimproving?
0.5%
6.0%
27.0%
44.0%
18.5%
1 - StronglyDisagree
2 3 4 5 - StronglyAgree
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Local Government Feedback
In terms of marketing Lethbridge as a good place to do business, how isthe City of Lethbridge doing?
7.0%
27.5%
40.0%
6.0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Poor Fair Good Excellent
*Respondents could provide more than one answer; totals may sum to more than 100%
Local Government FeedbackWhat is the one thing you would tell the City of Lethbridge they should doto improve the business climate here in Lethbridge? (top responses)
7.0%
9.5%
14.0%15.0%
22.5%
0%
5%
10%
15%
20%
25%
Improve city managementand policies
Support small, localbusinesses
Tax incentives andbusiness grants
Continue as they are Unsure
*Respondents could provide more than one answer; totals may sum to more than 100%
Economic Successes
What are three of the best economic successes or initiatives that haveoccurred in the Lethbridge area (top answers).
14.0%
16.0%
9.0% 9.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Supporting post-secondary Nothing New businesses Hi-tech initiatives
Business Outlook – Finance
Thinking about 12 months from now, financially do you expect yourcompany to be performing better, about the same, or worse?
Better46.0%
Same 42.0%
Worse9.5%
Unsure2.5%
Lethbridge Chamber of Commerce
Thinking about why you joined the Lethbridge Chamber of Commerce,how well has the Chamber met your expectations?
4.0% 4.5%
28.5%
42.5%
13.5%
1 - Did notmeet
expectations
2 3 - Metexpectations
4 5 - Exceededexpectations
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
Lethbridge Chamber of CommerceThe Chamber is involved in a range of areas (e.g. government issues,workforce training, aboriginal opportunities, mentorship and economicdevelopment). How important is it that the Chamber is involved in theseareas?
1.0% 2.0%
12.5%
39.0%
43.5%
1 - Not at allimportant
2 3 4 5 - Veryimportant
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
Summary
Business community is cautiously optimistic
• 46% optimistic of business growth in 2016
• Government at Municipal level is doing GOODvs. Provincial level doing POORLY
• Local business climate is competitive withother regions, but room to improve
• 40% of respondents say the image of thecommunity as a place to do business is GOOD
• Business challenges for 2016:
- Hiring and retaining good employees
- Uncertain economic climate
- Skills shortage
- Maintaining business growth and expansion