How it's done
The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Prince Rupert and help you answer the following fundamental questions.
What is the business climate in Prince Rupert?
We have compiled the most important aspects of Prince Rupert’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.
What costs and assistance should I know about?
Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Prince Rupert and assistance available to Prince Rupert businesses.
2016 Property Tax Rates
|Classification||Residential||Utility||Major Industry||Major Industry Port ("Old")||Major Industry Port ("New")||Light Industry||Business||Recreation / Non-Profit|
|SCQ Regional Hospital||-||-||-||-||-||-||-||-|
|NW Regional Hospital||0.43924||1.53734||1.49342||1.49342||1.49342||1.49342||1.07614||0.43924|
|BC Assessment Authority||0.0543||0.4995||0.4995||0.4995||0.4995||0.1575||0.1575||0.0543|
|Municipal Finance Authority||0.0002||0.0007||0.0007||0.0007||0.0007||0.0007||0.0005||0.0002|
|Amendment to Official Community Plan||$1,100.00|
|Amendment to Zoning Bylaw||$1,100.00|
|Amendment to Official Community Plan & Zoning Bylaw||$1,400.00|
|Development Variance Permit||$330.00|
|Development Permit Area (value of works over $5,000)||$225.00|
|Development Permit Area (value of works under $5,000)||$60.00|
|Site Profiles are required if there are Schedule 2 activities||$ 50.00 as defined by the Ministry of Environment Site Profile guidelines|
Note: Each subsection of the Zoning Bylaw for which there is an application for a variance shall be deemed to be a separate and distinct application for a Development Variance Permit and shall be subject to all requirements of application, fee, processing and all other requirements of the Bylaw.Business Licence Fees
For more information on the Cost of Labour in the region please visit: Government of Canada Explore Career Wages Report
Are you new to B.C. or thinking of moving here? Need help deciding where to locate a business? The Cost of Living Calculator can help you to make the right moves!
Business Façade Improvement Grant
The City of Prince Rupert has initiated a Downtown / Cow Bay Façade Improvement program to help revitalize and attract people and businesses by providing grant funding.
Features and benefits of the program:
- Enhanced economic viability and vibrancy of northern and central B.C. communities by supporting visual improvements such as facades, signage, murals, architectural features, siding, lighting and awnings.
- Private sector investment in local business improvement.
- Increased assessed values and tax base as a result of improved properties.
- Attractiveness of community to enhance community pride as well as tourism experience.
- Improved community appearance to support recruitment of new businesses and/or residents.
Love Prince Rupert is a movement connecting people with the independent shops and services that are the heart of their communities. Keeping your dollars circulating locally is key to the economic health of your community. For every $100 that you spend locally, up to $48 stays in your community, as compared to just $14 when you shop at a big box or chain store. Shifting your spending to funnel more dollars into local businesses can pave way for growth, new jobs, a thriving economy, and keeps creative people in your community.