KRIC rep. discusses regional business survey results

Tara Penner of the Kootenay Rockies Innovation Council (KRIC) was in Golden Monday to deliver a presentation at Town Hall.

Tara Penner of the Kootenay Rockies Innovation Council (KRIC) was in Golden Monday to deliver a presentation at Town Hall.

The presentation focused on KRIC’s recent Business Retention and Expansion survey, which polled 179 businesses across the Kootenays, including eight in Golden.

The survey found a number of challenges faced by businesses in the region. Business collaboration was one of the identified problem areas, as many businesses demonstrated a lack of awareness of what their colleagues were doing.

“By supporting the building of these networks, what we can do is help specialists connect to broader business networks. We can help by finding opportunities for businesses to collaborate on shared projects or make referrals to support their colleagues in the area,” said Penner.

Another common area of concern was seen with this region’s telecommunications and transportation networks.

Also, 60 per cent of participants said they were ready to expand within the next three years, but many said they had no desire to expand and grow their business because that would mean added work.

For the full survey report and a summary, visit issuu.com/kootenaykric.