Industry and Economic Profiles
Get in on the Valley Floor
The entrepreneurial spirit is alive and well in our valley. It’s a place where business owners unwind on the water after a long day at the office and where families spend weekends in the wilderness before returning to the comfort of urban amenities.
It’s easy to get lost in the Central Okanagan’s beautiful landscape, award-winning wine and delicious local food, but there’s a lot more to the region than what’s on your plate. People come to the valley for opportunities in digital tech, aerospace, technology, agriculture, hospitality and health care, and they stay for the same quality of life that beckons as many as two million travellers every year.
And, with incredible growth on the horizon and plenty of assets to spur innovation, the Central Okanagan will only further solidify its place as one of Canada’s fastest-growing census metropolitan areas (2021).
As an entrepreneur in the Central Okanagan, you unlock access to a growing market that boasts median household income levels above the provincial average.
And, with accelerated growth in families and young entrepreneurs, thanks to the region’s business opportunities and relative lifestyle affordability, you can create a business with an audience projected to grow for years to come.
Trade and Business
Tucked away in B.C.’s Southern Interior at the halfway point between Vancouver and Calgary, the Central Okanagan is the largest population hub between Canada’s two major western cities.
When you start your business here, you’re at the heart of not only our small-business-focused market but also within reach of more than 11 million potential customers. In the Central Okanagan, the only limit is your imagination.
Want to take advantage of the lowest income tax rate on median incomes? You’ve come to the right place.
In British Columbia, we believe in supporting innovation. That’s why the province has a suite of provincial tax exemptions and credits that empower you to invest in starting a business. Our competitive tax climate gives you the financial advantage you need to succeed.
Sectors in Focus
There’s strength in diversity. Whether you dream of starting a craft brewery or innovating in the world of aerospace, you’re among friends.
With impressive agricultural diversity and a climate that’s perfect for longer harvests, it’s no wonder we’re a world leader in both feeding people and farming innovation.
From aircraft maintenance and engineering to high-tech tracking and communications, the aerospace sector is soaring. Join us in shaping the future of aviation.
We’re at the heart of Canada’s Digital Tech Supercluster. For animators, developers and forward tech-thinkers, the sky is the limit in the Central Okanagan.
Whether you’re opening your own practice or investing in research and development, the possibilities are endless in the Central Okanagan health sphere.
See growing performance in one of the world’s leading cannabis markets. Here, you’re free to revolutionize medicinal, recreational, clones and synthetic products. How high will you reach?
From wood products and composite materials to engineering and agri-food production, our manufacturing industry knows no bounds.
Industry Profile Agriculture
Industry Profile Aerospace
Industry Profile Viticulture
Industry Profile Manufacturing
Industry Profile Digital Tech
Industry Profile Cannabis
Your Business Dreams, Realized
Want to learn more about Central Okanagan industries and why it’s the perfect place to get started on a business with serious potential? We’re here to help you make the most out of your business and new life in our four-season paradise.