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Saint-Hyacinthe Named One of Canada’s Top 10 Entrepreneurial Communities

Saint-Hyacinthe Named One of Canada’s Top 10 Entrepreneurial Communities

It was with a great deal of satisfaction that Saint-Hyacinthe Technopole learned that the Canadian Federation of Independent Business (CFIB), in its annual study, ranked Saint-Hyacinthe third in Quebec and ninth in Canada’s best cities for starting and growing a business. 

The CFIB’s recently published annual study, “Entrepreneurial Communities: Canada’s Top Places to Start and Grow Businesses in 2016,” based its results on 14 indicators evaluating the number of business establishments per capita, the business start-up rate, the level of optimism and success, and tax and regulatory policies, among others.

For Canada as a whole, Saint-Hyacinthe received a score that put it back in Canada’s top 10 business destinations and sixth among the country’s mid-sized cities. An enviable position compared to other large economic centres, like Drummondville (28th), Saint-Jean-sur-Richelieu (52nd) or Granby (71st), Saint-Hyacinthe ranked third in Quebec, all cities combined.

“Saint-Hyacinthe is back on the list of the most entrepreneurial communities and the best places to start and grow a business. We were pleased to note that we also improved our score on most of the indicators, namely business establishment growth, optimism and business development perspectives,” said André Barnabé, general manager of Saint-Hyacinthe Technopole.

This study joins others that confirm the wealth of region’s economic activity. Last year, Saint-Hyacinthe was recognized for its job creation, ranking first in Canada in a study conducted by Ontarian research group Express Employment Professionals. In 2012, it came in second in Quebec for its entrepreneurial dynamism in the above-mentioned CFIB study.