BDC study says 5 pct of Canadian SMEs key to competitiveness
A new study by the Business Development Bank of Canada (BDC) has found that high-impact companies contribute disproportionately to the economy and can play a vital role in improving Canada's competitiveness. Defined as mid-sized organizations with 100 to 500 employees, high-impact companies reflect roughly 5 percent of all small businesses and are located in all sectors. The study found that they currently encounter challenges in the areas of management skills, market access, financing and labour shortages. BDC will work to help address these challenges through its newly created division, BDC Advantage, which offers a range of non-financial services to entrepreneurs.
27 May 2015•4 mins read
