Construction impacts pressure Manitoba small businesses: CFIB
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Hey there, time traveller!
This article was published 20/08/2024 (477 days ago), so information in it may no longer be current.
Construction has severely impacted about 20 per cent of small Manitoba businesses, according to new Canadian Federation for Independent Business findings.
The national lobbyist released a report Tuesday detailing construction impacts on small and medium enterprises (SMEs).
Public construction in Manitoba has severely impacted 7,870 SMEs in recent years, the CFIB stated. On average, a small Manitoba firm has experienced 355 days of construction-related disruptions over the past five years, it said.
It estimates 68 per cent of Manitoba SMEs have been affected by construction.
Nearly two-thirds of small Manitoba businesses reportedly dealt with traffic congestion, dust, debris and noise. Almost half became less accessible to customers and staff due to construction.
On average, companies lost 22 per cent of typical revenues during significant periods of construction and spent around $10,000 on expenses like cleaning and repairs, the CFIB relayed.
It called on government to create construction mitigation plans, compensate affected businesses financially, improve communications and clarify how each level of government will be involved in projects.
The report comes two months after the CFIB sent letters to politicians urging financial or other compensation for businesses affected by construction. Winnipeg Mayor Scott Gillingham and city council were among the letter recipients.
— Free Press staff