Canada’s Best Places for Business 2016

Joliette, Que.

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Population: 50,480
Annualized population growth (%) 1.29
Avg. household income ($): 59,595
Total value of building permits issued, most recent year ($): 39,834,829
Avg. office lease rate ($ psf/yr): 12.75
Corporate income tax rate (%): 26.9
City website: www.ville.joliette.qc.ca

Market

Pop. within 1 hr commuting distance: 2,497,251
Adults who have completed apprenticeship, trades certificate or diploma (%): 16.83
Adults who have completed university degree (%): 13.18
Adults who have completed bachelor''s degree (%): 73.43
Unemployment rate, most recent month (%): 5.21

Costs

Avg. home price ($): 217,545
Avg. retail lease rate ($ psf/yr): 20.00
Avg. industrial lease rate ($psf/yr): 6.78
Avg. general lease rate ($psf/yr): 17.86
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.0493
Peak electricity cost for mid-size industrial business ($/kWh): 0.0493

Taxes & Regulation

Business license cost ($): $50 to $199
Avg. processing time for building permit, most recent calendar year: Less than 1 week
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): 2.210000
Industrial property tax rate (% of assessed value): 1.810000
Small business income tax rate, if different (%): 18.5
Sales tax (%): 14.975
Special regulations or zoning: N/A

Other

Largest employers: Bridgestone (tires) CRH Canada (cement powder) DFS (transport)
Leading industries: Manufacturing; Retail; Service
Value of capital projects >$5 million planned or under construction ($ million): 15,000,000
Special amenities: Joliette is home to the annual regional classical music festival and hosts Oktoberfest each year.
Special economic development initiatives: The city is home to two industrial parks, and provides several development grant programs for redevelopment, heritage renovation and more.