To be a small business owner or entrepreneur takes courage, dedication, and a lot of hard work.
Winnipeg has one of the most diversified economies in Canada, with stable economic growth and one of the nation’s lowest unemployment rates.
Although Manitoba is rich in natural resources and fertile farmland, the provincial economy is not dependent on any single industry or commodity. In fact, studies by Moody’s Investors Services of New York have shown that Winnipeg has one of Canada’s most diverse urban economies. This diversity has led to an unemployment rate that is consistently among the lowest in Canada.
The diverse manufacturing base – which includes aerospace materials, buses, building products, machinery, furniture, electronics, pharmaceuticals, plastics, and processed foods – allows Manitoba’s economy to prosper even when prices for cyclical commodities decline.
Affordable industrial land and office rents, electricity at some of the lowest rates in North America, and productive, skilled workers give Manitoba businesses an edge.
In a 2010 study that compared business costs for 17 industries in 112 cities around the world, consulting firm KPMG found that Canada ranked second in overall business cost competitiveness, with a cost advantage of 5% over the US. Winnipeg ranked as the lowest-cost city in the North American Midwest, with an overall cost advantage of 6.1% relative to the US average.
Whether your Winnipeg business is small or large, or if you’re looking for personal or event insurance, Apollo Insurance Solutions has you covered. We will get you the best insurance quote as quickly as possible, so you can get back to your work and your life in Winnipeg.