Business is solid in Kamloops
It’s the reality of doing business in any city in Canada, including Kamloops.
Whether you’re starting from scratch or are an established company with roots in the city, you need a business licence every year to operate.
For the first six months of 2011, business in Kamloops remains steady.
According to the city’s business-licensing department, the number of businesses operating in Kamloops to the end of June remains about on par with figures through the end of June 2010.
There are 5,374 businesses registered in the city’s system — up 99 from 5,275 businesses registered through the first half of 2010.
That translates into about an extra $20,000 in revenue for Kamloops.
The number of home-based businesses also continues to climb, up three per cent — to 1,883 from 1,827 from the previous year.
However, the number of new businesses in town took a dip.
The city has issued 419 new business licences this year, compared to 446 the previous year, which is a six per cent drop.
The number remains, however, above the five-year average for new business licences.
Don Garrish, the city’s business-licence and land co-ordinator, noted the first quarter of 2011 was slower in most of the business-licence categories compared to the last three months.
A typical business licence in Kamloops costs between $123 and $146, depending on the classification.
There are 35 different classifications for business, from accommodation to business services and media services.