Economy

Recent Posts

County’s Faster Forward Summit Program aims to assist larger local businesses to grow

The show:

The full interview with bonus material:

Millions of dollars are being spent by the provincial and federal governments to keep small and medium-sized businesses afloat during the pandemic. For larger enterprises, support to sustain them or even help them grow has not always been available. The people behind economic development for Northumberland County launched a new imitative recently to address this gap. It is called the Faster Forward Summit Program. As you will hear, it is aimed at bigger businesses – those with more than $250,000 in revenue annually. Continue Reading →

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Burnham Family Market transitions during pandemic, as legacy farm moves to next generation

 

The show:

Take a drive out into rural Northumberland. You will see all kinds of farms. It is easy to assume most of those are family farms. Yet, the family farm is on the decline in Canada. Well over 90 percent of farms are family-owned and operated. Barely half the farms are sole proprietorships. The rest are either partnerships or corporations, according to Statistics Canada in 2016. Continue Reading →

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Farmers face new struggles and mental health pressures as spring planting underway

Farm near Campbellford

The show:

The full interview with bonus material:

Farmers are busy preparing to put crops into the grounds. This time around, they have a year of the pandemic under their belts. A lot has changed. Then again, not a lot has changed. The supply chain issues have settled. Continue Reading →

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Chamber CEO praises initiatives to help small business, women and worker’s retraining

The show:

The provincial budget delivered earlier this week appears to have two goals. The first is continuing to address the fiscal demands of the pandemic. The second is to provide ongoing support to people and the economy in the hopes of creating a path to a post-pandemic world. The result is a record-setting $38.5 billion deficit for 2020 and an additional $33 billion deficit for this coming year. In interviews earlier this week,  Northumberland-Peterborough South MPP David Piccini talked about the details of the budget. Continue Reading →

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Who should use Cobourg Beach? Report looks at economic impact of tourism

The Show:

The full interview with bonus material:

When the town decided to close Cobourg Beach last summer due to the pandemic, it was cause for some serious reflection. In fact, it drew attention to a lot of issues lying just below the surface. Who uses the beach? Is it a public place? And who has jurisdiction over it? Continue Reading →

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Local conference hopes to inspire women entrepreneurs from around the world

 

 

The show:

The podcast: the full interview with bonus material

Almost 40 percent of self-employed Canadians are women. Of all the small businesses in the country, 16% percent are run by women. Women launch the majority of start-ups in Canada. It’s impressive, but being a businesswoman is tough. Eighty percent of women use their own money to start a business because banks and other traditional lenders aren’t always helpful. Continue Reading →

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Surviving the pandemic: two women entrepreneurs from Northumberland share their stories

Full interview:

Businesses are struggling during the pandemic. No question. The uncertainty surrounding what comes next is a major factor. For some, finding the resources to make the necessary changes – to pivot – is difficult. There are many provincial and federal programs meant to assist them. But not everyone meets the criteria. Continue Reading →

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In the face of recent struggles, Port Hope Chamber CEO says businesses remains optimistic about future

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Keeping the economy from collapsing at the same time stopping the spread of the COVID-19 virus is a balancing act. It is complex, and it isn’t easy. Public health officials want to keep the lid on the spread of the virus until they can get needles in their arms. They hope to get on top of the virus before variants create even more problems. Last week, we heard from Dr. Ian Gemmill, the acting Chief Medical Officer of Health for the local health unit. Meanwhile, politicians and business owners are worried that we will be plunged into a recession or even a depression without sufficient economic activity. They worry it will take years before we will recover. Continue Reading →

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Local small business preparing for Christmas shopping season, says councillor

Show:

The full interview with bonus material:

I don’t know about your neighbourhood, but where I live there are lots of Christmas decorations going up. On my social media, friends are posting pictures of decked-out trees already. If you go to the stores, the Christmas sections are looking pretty decimated. People seem really keen to get ready for the holidays. That is no surprise. Continue Reading →

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Housing prices rise in Northumberland County despite pandemic economy, says real estate association president

 

 

Interview from the show:

The full interview with bonus material:

The average price of a house in Northumberland was about $620,000 in September. There are bidding wars going on right now for homes. When a home comes on the market, bids start almost right away. Before, it might have taken a couple of days for things to heat up. It’s crazy busy for agents. Continue Reading →

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