Annual Business Survey

The 2020 Business Survey Report is in it's 6th year.  This year saw 256 business responses:

• 563 total businesses.
• 97% are happy doing business.
• 57% noted Covid was their biggest challenge, with seasonality not being noted being in steady decline year over year.
• Approximately 142 jobs are to be filled in 2021, with 45% being full time.

The Covid Effect - Pandemic Assessment Report was completed at the end of 2020 to determine impacts to local businesses:

• A survey was completed in March 2020 and again as part of the Annual Business Survey.
• Businesses have been able to adapt with many embracing digital technologies to pivot operations.
• 98% were open and were generally positive about the future.
• 58% of business revenues stayed the same or increased over the pervious year.

The 2019 Business Survey Report marks the 5th consecutive year of the program.  This year the report received 309 responses:

• 93% Business owners are generally positive.
• 38% of businesses increased in profit (down from 69% in 2018).
• Net increase of 75 full-time permanent positions.
• Of the companies surveyed 108 are intending on hiring accounting for 268 potential positions.
• While 31 businesses opened in 2019 (the most since this survey began in 2015), a net decrease of businesses occurred as a result of 35 closing. Most of the businesses that closed in 2019 were individuals operating as side/casual business, with many deciding to either retire or take employment with another company.

The 2018 Business Survey Report received 236 responses. Highlights include:

• 23 New businesses opened in 2018.
• Increase in Business Satisfaction to 92%, with 17% saying their business outlook is more positive.
• Net increase of 115 new positions with the majority being full-time permanent and full-time seasonal positions.
• Net decrease of 18 part-time seasonal positions, seeing most of these being converted to full-time positions.
• 64 Business were looking to fill a combined total of 137 positions in 2019.
• 6% of businesses are looking for new or bigger space, however 4% said finding available locations has become a challenge due to lack of availability.
• 69% Increased in Profits.

The 2017 Business Survey Report received 217 responses. Highlights include: 

• 54 first-time responses from businesses that did not previously take part, or were new businesses recently opening. 
• Businesses satisfaction with the local economy grew from 56% to 81%. Only 1% declared dissatisfaction.
• An increased number of owners who are investing in their buildings and their business.
• This survey tracked real time job creation from businesses who responded in two subsequent years:
• Net increase of 54 new full-time permanent positions;
• Net increase of 20 new part-time permanent positions;
• Net increase of 10 new full-time seasonal positions; and
• Net decrease of 22 part-time seasonal positions, which is an expected result of companies not being able to find qualified seasonal employees.
• 35 business owners are intending to transition out of their businesses in the next 5 years, where only 9 of these have succession plans.
• 17% of businesses are home based.

• An increase of 111 new jobs, 53 of those being full-time positions.
• 66% of respondents were either satisfied or very satisfied with the business climate in Gravenhurst.
• Over the past two years, 58.2% of businesses have seen an increase in profits while only 9.5% have seen a decrease.