October 23, 2013 - 1:03 PM
KELOWNA - The city of Kelowna has outranked Vancouver to become one of the top ten entrepreneurial cities in Canada.
Kelowna made eighth on the Canadian Federation of Independent Business list that included greater Toronto and the city of Edmonton. Vancouver on the other hand didn't crack the top ten.
The study compared cities with a population greater than 150,000 across Canada and ranked them based on 14 criteria, which included the percentage of total employment that was self-employment, the number of business establishments per capita, expected future business performance and local government regulations and taxes.
Cities were given a score out of 100 to rate them as to how effectively they work to create conditions where businesses can thrive.
The top 10 scores were found in:
Greater Calgary - 68;
Saskatoon - 67;
Greater Toronto - 65;
Greater Edmonton - 64;
Sherbrooke - 62;
City of Edmonton - 61;
Regina - 61;
Kelowna - 59;
St. John's - 58; and
Saguenay - 58.
Vancouver's overall score was 56.
News from © InfoTel News Ltd, 2013