Thunder Bay Business Community Confident About Economy
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Thunder Bay Business Community

Thunder Bay Business Community Confident About Economy

by Scott A. Sumner

Thunder Bay Ventures announced the results of their  2nd Thunder Bay and Area Business Confidence Index produced by Lakehead University recently. ventures“It is very nice to see the business index is quite stable, meaning people are quite confident about the economy. People are asking for more collaborative efforts working together with governments to increase the economy and attractiveness of Thunder Bay,”said Claudio Pousa, Professor of Business and Marketing Research, Lakehead University.“The business confidence index is very similar as the one completed by us two years ago. It is a thermometer of the people of Thunder Bay.” There were 184 people responded to the survey. The response rate was 5% but is a significant sample. There was a lot of concern from businesses around crime and panhandling. “Overall the results of the survey are very positive. 92% of the businesses felt their revenues will remain stable or increase in the future. Overall the confidence remains good,” said Camillo Lento, Associate Professor of Accounting, Lakehead University. “ Every community has its issues but there is a lot of good news not reported. The escalating costs of doing business was an issue mentioned as well.”   You can see the full survey results

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