The Manitoba Chambers of Commerce (MCC), in partnership with CPHR Manitoba, Red River College, World Trade Centre Winnipeg, and CEDF (Communities Economic Development Fund), is pleased to present the results of the 2019 Manitoba Business Outlook Survey.
The survey, completed by 400 MCC members, business leaders, and partners in November 2019 and administered by Leger Marketing, reflects overall positive feelings about the state of affairs in Manitoba.
More than 70% of respondents agree that the province is headed in the right direction
78% state they are optimistic about the state of their business for 2020
More than half (58%) of responding members agree that Manitoba’s business climate is competitive with other provinces
Two-thirds (66%) do not anticipate hiring additional staff in the year ahead. Respondents overwhelmingly cited retaining good staff or hiring qualified, skilled staff as the top barrier to business growth in the coming year (41%).
Other obstacles include the rising costs of doing business (i.e., business inputs and wages); government red tape, and taxation levels.
45% of respondents agreed that access to capital in Manitoba is a problem, and 59% of survey respondents would support the establishment of a fund made up of financial contributions from government as well as the private sector, and administered by an independent board.
Members frequently recommend three important actions to improve the business climate: reduce government regulation and red tape; reduce or eliminate business taxes and payroll tax; supporting access to and increasing funding for skills training to meet labour market needs.