Canada’s Best Places for Business 2016

Granby, Que.

scroll down
Population: 80,425
Annualized population growth (%) 0.70
Avg. household income ($): 65,587
Total value of building permits issued, most recent year ($): 2,900,000
Avg. office lease rate ($ psf/yr): N/A
Corporate income tax rate (%): 26.9
City website: www.ville.granby.qc.ca

Market

Pop. within 1 hr commuting distance: 1,435,348
Adults who have completed apprenticeship, trades certificate or diploma (%): 15.97
Adults who have completed university degree (%): 14.11
Adults who have completed bachelor''s degree (%): 68.67
Unemployment rate, most recent month (%): 5.11

Costs

Avg. home price ($): 267,521
Avg. retail lease rate ($ psf/yr): 15.15
Avg. industrial lease rate ($psf/yr): 5.80
Avg. general lease rate ($psf/yr): 10.66
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.0660
Peak electricity cost for mid-size industrial business ($/kWh): 0.0660

Taxes & Regulation

Business license cost ($): No fee
Avg. processing time for building permit, most recent calendar year: Less than 2 weeks
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): 1.993400
Industrial property tax rate (% of assessed value): 1.993400
Small business income tax rate, if different (%): 18.5
Sales tax (%): 14.975
Special regulations or zoning: N/A

Other

Largest employers: Aliments Ultima; Agropur; Hershey Canada
Leading industries: Manufacturing
Value of capital projects >$5 million planned or under construction ($ million): 10,000,000
Special amenities: Granby is home to a research centre of the University of Sherbrooke, and hosts the annual Granby Music Festival
Special economic development initiatives: Granby hosts several business incubators as well as a centre of excellence in aeronautics.