The Moose Jaw & District Chamber of Commerce’s annual economic outlook survey reflects the “positive outlook” and general growth of businesses in the Friendly City.
“For projected revenues in 2013, the response from the business community is that they’re very optimistic,” said Brian Martynook, chief executive officer of the chamber. “And as always, when there’s a positive attitude, it’s contagious.”
Amongst the survey’s findings, published this week: more than 60 per cent of respondents reported an average increase of revenue of 9.1 per cent in 2012, up from 55 per cent of respondents indicating an 8.8 per cent revenue increase in 2011; 80 per cent of respondents project an additional increase of revenue in 2013; and no respondents indicated a decrease in employees.
“Businesses are going to be looking for more employees and skilled workers ... (and) more businesses are coming in and setting up shop,” said Martynook. “In 2012, 185 new businesses opened, and that shows a climate of prosperity in Moose Jaw.”
“All around, it’s looking good,” he added.
Amongst employees, 50 per cent of respondents said they were projecting an increase in wages from between two and 3.5 per cent, while an equal amount of respondents indicated neither an increase nor decrease.
“More businesses mean more money for employees,” said Martynook.
The arrival of more businesses will encourage more shopping in the city, which will have a trickle-down effect for employees, Martynook said.
“Normally (in economics) you have a vicious circle, but this is a good circle,” he said. “The money is being made and spent here in Moose Jaw.”