The survey, completed by 498 MCC members, shows a feeling positive about the overall state of affairs in Manitoba. Over 70% say things in the province are going in the right direction and almost 60% say they are likely to experience at a minimum slow but steady growth this year. About a quarter of members say they are likely to hire additional staff in the year ahead with only a fraction (<10%) saying they are likely to downsize.
The positive outlook does not mean there are not challenges ahead. Members see staffing, either retaining good staff or hiring qualified, skilled staff, as a major challenge over the coming year. Other obstacles to business growth often noted by members include the rising costs of doing business (i.e., business inputs and wages); government red tape and taxation levels.
Members may have a positive outlook about Manitoba currently, but there is a feeling amongst the membership more can be done at the provincial government level to improve the economic climate in the province. Slightly over half of members (54%) feel Manitoba’s business climate is competitive with other provinces. Three important actions are frequently suggested by members to improve the business climate in Manitoba. They are:
- Reduce government regulation and red tape;
- Reduce or eliminate business taxes and payroll tax; and,
- Lower taxes for consumers.
You can read the full survey results by clicking here.