CPABC in Focus February/March 2014 | Page 23

THIS AND THAT Some Key Data on BC Businesses* 392,800 Total number of businesses in BC in 2012. 98% are small businesses. 2% are large businesses, defined by the BC govt as employing 50 people or more. More than 80% of these larger businesses employ between 50 and 250 workers. 700-800 private-sector enterprises in BC have more than 500 employees on direct payroll, as estimated by the BCBC. 82% 56% 43% of these small businesses have fewer than five employees. Almost 38% are self-employed business operators without paid help. are businesses with some paid help but with fewer than 50 employees (includes incorporated self-employed). of self-employed people in BC are women — the highest rate in Canada. 1,000,000+ 1 # number of people employed by small businesses in BC in 2012 (includes self-employed with no paid help). Regions with most growth in # of small businesses (2007-2012): Thompson-Okanagan (5.3%) and Vancouver Island/Coast (3.2%). ~26% 96% of BC’s GDP was generated by small businesses in 2012. of BC’s high-tech businesses have fewer than 50 employees. Real estate led all sectors for small business growth in BC (2007-2012). BC leads Canada for the number of small businesses per capita. Small businesses provide of all private-sector jobs in BC — the 2nd highest share in Canada. 55% 85% 1.4% of all exporters in BC are small businesses (firms with fewer than 50 workers) but only of BC’s small businesses are involved in exporting goods to foreign markets. * Main data source: Small Business Profile 2013, published by the BC government and BC Stats. Additional info: Business Council of British Columbia, Policy Perspectives, Volume 20, Issue 4, October 2013. CPABC in Focus • Feb/Mar 2014 23