Honouring Small Business

Lawrence Chamber News

October 16 -22 is Small Business Week a time when we recognize the contributions of Canada’s small and medium-sized businesses to our communities and economy.

This tradition began in 1979 when the Business Development Bank of Canada (BDC) business centres in British Columbia’s Lower Fraser Valley pooled their resources to organize a week of activities for entrepreneurs. It has gone on to become a month long celebration of small business with hundreds of activities for entrepreneurs and potential entrepreneurs taking place across the country.

Small to medium businesses need our support as they often specialize in niche markets that larger businesses cannot or will not compete in. SMB tend to offer more personalized services and products. While staff numbers cannot compete with larger companies they are able to provide support and flexibility to those who find it hard to fit into a larger company dynamic. Even solo entrepreneurs have a team of subcontractors behind them; virtual assistants, tech people & bookkeepers all gain from the growth of the small to medium business they work for.

It was announced in September that the Alberta government plans to introduce a tax credit for investments in small businesses in the fall sitting of the legislature. The government says the tax credit would support up to 4,400 new jobs over three years and contribute up to $500 million to the province’s GDP. Training programs for entrepreneurs will be restored, and small business taxes will be cut.

“This tax credit puts the onus on investors to make the final decision on risk and efficiency, while keeping their money in Alberta and putting it toward growth-oriented firms,” Justin Smith, Calgary Chamber of Commerce said in a recent news release.

The Strathmore Chamber knows this is a challenging time for all businesses; therefore a Small Business Week Gala Awards Night did not seem the appropriate way to utilize Chamber member funds. We have instead organized a series of small events to celebrate our local businesses.

Starting with an October 12 Lunch & Learn. Presenter, Ryan Tongs of World Financial Group will speak about being ‘An Entrepreneur in Today’s Economy’. This will take place from 11:30 – 1:30pm, Community Futures Board Room – Lower Level

On October 20 there will be the Grand Opening of the Chamber’s New Office, 129 Second Avenue. We hope you will drop by from 11 – 1pm. There will be light refreshments including sandwiches from Kim’s Katering and cupcakes from Nut Out Cakes.

Then on October 27 a Business After 5 – Meet & Mingle. Come and discover the mystical world of Hob’s Hobbies at 116 Second Avenue, Strathmore. Owner John Hilton-O’Brien will speak to the challenges and rewards of being in retail. He will demonstrate how to play some of those magical games plus he and his wife Natalie make an excellent café latte! This event will take place from 5:30 – 7:30pm.

Details will be available on the Chamber Events page.

As well as Twitter @SDCOC & Facebook.com/StrathmoreDistrictChamber.