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Business Feedback: Challenges

Top-Requested Information by Local Businesses

  • Looking for skilled employees, where to find applicants, issues with hiring
  • Assistance with marketing and driving awareness of their businesses (marketing, website content, promotion/featuring businesses)
  • Finding new facilities and/or land for expansion or relocation to the area
  • Support developing business plans to secure financing
  • Small business e-commerce platform and website development
  • Access to financing, increased interest in non-repayable contributions, grants
  • Tourism-specific businesses seeking funding/grants for sustainability improvements and accessibility enhancements

Barriers to Business

Businesses are reporting the following barriers to business growth in the region. PKED works with industry partners, agencies, and municipal staff to mitigate these barriers; however, a collaborative approach will be required to address these high-level challenges.

aerial view of apartment buildings in Peterborough with lake in the background

Lack of Housing

aerial view of George Street in downtown Peterborough

Low inventory of available lands and buildings

aerial view of George Street with many cars and city bus on the road

Limited or challenging transportation for workers

two people stand over a piece of manufacturing machinery

Workforce Skills Gap for Many Local Employers