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The strength of the Okanagan-Similkameen
is built upon the land, climate, and its people who have sown the
seeds for a strong and diversified economy. Business opportunities
abound in our key sectors:
Agriculture
The Okanagan-Similkameen’s agricultural
base is diversified and represents the roots of our economy. Traditionally
known for tree fruit crops and ranch lands, the agriculture sector
is now home to value-added food production, wine production, and
agri-science. The federal government’s agricultural research
station in Summerland provides local industry with state of the
art research and scientific support. The burgeoning wine industry
produces internationally recognized wines from local estate wineries.
The southern Okanagan has the greatest concentration of vineyards
in Canada.
Manufacturing
A progressive and vibrant manufacturing
sector produces an impressive variety of products such as precision
manufactured equipment, recreational vehicles, furniture, pre-manufactured
and log homes, window frames, and specialty food items.
Value-added Forestry
First drawn to the area for its abundant
wood supply, the forestry sector has established a stable base in
the region and has attracted industry leaders such as Weyerhaeuser.
Numerous value-added manufacturers are making a variety of products
sold throughout North America and international markets.
Tourism
The Okanagan-Similkameen is a renowned tourism
destination. The Okanagan Valley is known around the world for its
sun drenched lakes and beaches, and astounding scenery. The
region is a magnet for outdoor leisure and sports enthusiasts. Outdoor
pursuits lure visitors for golf, boating, swimming, fishing, downhill
skiing, rock climbing, bird watching, wine tasting and more. Tourism
is a certain growth industry with many opportunities and niche markets
remaining to be filled such as outdoor leisure, meetings and conferences
and cultural tourism.
Retirement living
It’s no surprise that the Okanagan-Similkameen’s
exceptionally mild climate and high quality of life lure retirees
from across Canada at an ever-expanding rate. Excellent health services,
diverse range of seniors’ facilities, a large active seniors
population, and many cultural amenities make the region an attractive
destination for retirees.
Our Business advantages…
An educated and motivated work force.
The labour force is well educated and motivated
to stay in the area. Local businesses appreciate our workforce for
their loyalty as much as for their productivity and skills. Post-secondary
education programs are offered by Okanagan University College in
a variety of programs that provide a resident, skilled labour pool
to support local business.
Low costs for business and living.
Labour costs are comparatively lower as
are living expenses. Business tax rates are among the lowest in
British Columbia, and businesses will find construction and occupancy
costs very competitive.
Affordable real estate.
Land and building costs are among the lowest
in British Columbia and represents excellent value.
Access to markets.
Proximity to the U.S. border, the port of
Vancouver and major highway corridors provide easy access to markets.
A modern and well-maintained transportation system of roads and
air serve business throughout the region. Scheduled air service
at Penticton Regional Airport and Kelowna International Airport
meet the needs of the business traveler. Advanced telephone and
fiber-optic communication technology connect
business to the world.
Extraordinary lifestyle, climate, and recreational
opportunities.
The combination of extraordinary climate,
natural beauty, and abundant recreational opportunities provides
lifestyle advantages that are second to none.
Positive “Open for business” environment
and supportive business services.
Businesses and entrepreneurs find a favourable
business climate here. Enthusiastic cooperation
and support from community leaders, local government officials and
the business community underline our commitment to growth and economic
diversification.
Safe communities with low crime rates.
The small town and rural atmosphere provides
an environment that is safe, secure, and friendly. Enjoy living
in comfortable communities where your neighbours are your friends.
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