Should I Be Thinking About Buying an Existing Business During COVID-19?

Sadly, in today’s COVID-19 climate, many small businesses are struggling. As someone who has been thinking about making the journey into small business ownership you are probably wondering if this is the right time to be looking to acquire an existing business for sale. Two of the first questions for many who are considering buying

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Coworking Spaces as the New Hub for Richmond’s Startups, Small Businesses, and Entrepreneurs

Photo credit: En Lab Coworking Space “Decentralization of workforce” and “startup culture” have been popular terms circulating in the past decade, but what do these concepts actually look like in practice? The COVID-19 pandemic has forced thousands of large companies around the world to restructure their hierarchical structure and change their office layout. Work-from-home measures

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Steveston Village Temporary Road Changes and Parking Map

Credit: Tourism Richmond The village of Steveston, already one of the Lower Mainland’s most popular destinations, is even more shopper and visitor friendly thanks to changes to make it a safer, more pedestrian accessible location. The City of Richmond has implemented changes to traffic patterns in August that expand the sidewalks and allow more space

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City of Richmond COVID-19 Economic Response & Recovery Report

In addition to ensuring public health and safety during the COVID-19 pandemic, supporting local businesses and economic recovery is a top priority for the City of Richmond. This report outlines some of the actions taken, underway or planned to help mitigate the permanent loss of businesses and jobs in Richmond, and to support economic recovery.

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Richmond-Made PPE and COVID-19 Safety Supplies

With the re-opening of many businesses, PPE and safety supplies are in high demand. Below is a compiled list of Richmond-made medical and personal protective equipment required to combat COVID-19. If you are a Richmond manufacturer or supplier of these products, or you are in the process of retooling to manufacture these crucial products, please

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Alternate Distribution Channels for Local Businesses

The closure of brick and mortar stores resulting from the COVID-19 pandemic has forced local businesses to pivot from their everyday ‘business as usual’. This new way of life has led local businesses to find alternate means to distribute their products. Below is a list of options available for your local small business when considering

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Online Business Directories in Metro Vancouver

During a time when all Canadians are being asked to stay at home, many Metro Vancouver businesses have remained open by providing essential services, adapting to e-commerce or by finding a safe way to serve their customers. In order to support these small and medium enterprises, various free online business directories have been created amidst

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Connecting Displaced Workers with Jobs in Demand

Looking for employment? We know that many workers, especially in the tourism, hospitality, aviation and service industries, have been temporarily displaced in this economic downturn. Below is a collection of job boards and job listings for some local companies that are still hiring amidst the COVID-19 crisis. Please note that this list is not comprehensive

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Top 3 Strategies to Get Grants for your Business

Grant funding is often misunderstood, especially when it comes to government grant programs that support business growth. The key to applying successfully for grants boils down to three core strategies, and if leveraged well throughout the year, could result in thousands of dollars of savings, often for business activities that you are doing anyways. Plan

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Sector Profile – R&D Top Priority for Richmond Cleantech Businesses

The BC Cleantech sector is one of the fastest growing segments of British Columbia’s economy, contributing to a cleaner and more sustainable world. Research and Development (R&D) continues to spark greener innovation within Richmond’s very own Cleantech sector. The inaugural BC Cleantech Awards will feature BC organizations at the Globe 2020 Conference to celebrate the

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Ready to retire and sell your business? You’re not alone.

The Business Development Bank of Canada (BDC) states that roughly 40% of Canadian business owners are likely to retire within the next three years. Considering that nearly half of Canada’s GDP stems from small to medium-sized businesses, the Canadian economy is set to go through a tremendous transition in the years ahead. From a national

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The Future of Richmond: Innovation & Entrepreneurship Workshop Series

The City of Richmond Economic Development Office is pleased to present The Future of Richmond: Innovation and Entrepreneurship Workshop Series. This Series will connect entrepreneurs with information, access to resources and support to help with common challenges for startups, including raising capital, commercialization and going to market, and legal and accounting strategies for startup through

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World Tourism Day – Tourism and Jobs: a better future for all

Since 1980, the United Nations World Tourism Organization has celebrated World Tourism Day as international observances on September 27. This date was chosen as on that day in 1970, the Statutes of the United Nations World Tourism Organization were adopted. The 2019 World Tourism Day theme is Tourism and Jobs: a better future for all.

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5 Tips for Creating an E-Commerce Website for Market Expansion

How can you use the Internet to grow your business and expand into new markets? To answer this question, BDC conducted a survey of almost 1,500 Canadian entrepreneurs. Read the entire Expand Online study here. BDC’s Philippe Desjardins, who specializes in helping entrepreneurs with their digital strategies, says companies that have e-commerce websites generally see their

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Richmond-based startup using innovative clean technology for the urban delivery market

It’s been six months since they won the New Ventures Competition presented by Innovate BC, one of North America’s largest startup business competitions, and Volta Air is showing no signs of slowing down. The Richmond-based startup has created a cost-effective and sustainable refrigeration solution for the urban delivery market. “The amount of greenhouse gas emissions

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Sector Profile – Cleantech Innovation in Richmond

Cleantech continues to gain momentum in Richmond as local businesses take part in the global surge in demand for green innovation. Cleantech currently employs over 8,500 B.C. residents and according to Export Development Canada, by 2020 the total worldwide investment in cleantech is expected to rise to $2.5 trillion. Richmond businesses are capitalizing on this rapidly growing,

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Founder of Richmond’s Fastest Growing Business reflects on 10 Years of Combatting Waste

Waste costs businesses money. Garbage and recycling haulers charge every time their trucks make a pick up, regardless of what contents are actually in the bins. Most businesses rely on these same hauling vendors for advice on how to manage waste – even though it’s in the haulers’ best interests if waste output goes up.

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Small Business Pop-Up @ City Hall on Jan. 22

Join us on Tuesday, January 22, 2019 for a Small Business Pop-Up, hosted in partnership with Small Business BC. Learn about the key steps to start-up or grow a business, as well as the support services available to you every step of the way. Free one-on-one business advisory sessions are also available on a first-come,

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Scaling up your food business with a co-packer

With the vacancy rate for industrial space at an all-time low and the market for space and employees extremely competitive in Metro Vancouver, it has become increasingly important for food manufacturing businesses to carefully evaluate the different production models available to them. Building a custom commercial kitchen or leasing a space might make sense for

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How this Richmond company is solving a $2 million research challenge

There’s no shortage of tools to help businesses of all sizes grow in today’s world: accelerators and incubators host start-ups, blockchain technology helps businesses track transactions and keep records securely, and social media enables companies to reach global markets in mere seconds. But how does a company find that most crucial – while perhaps least

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