British Columbia (BC) has a population of more than 4 million people and is located between the Pacific Ocean and the Rocky Mountains. The capital of British Columbia is Victoria on Vancouver Island.
There are approximately 382,000 small businesses in B.C. representing about 98% of all businesses in the province. More than 75% of all businesses in the province are in service sector industries. The largest number of businesses are in professional and business services. B.C. small businesses exported $11 billion to international destinations.
B.C. small businesses generated 33% of the province’s GDP in 2014. The small business sector includes Primary Industries (4%), Manufacturing (4%), Construction & utilities (14%), Transportation and Storage (5%), Wholesale & Retail Trade (11%), Finance, Insurance & Real Estate (9%). Educational Services (4%), Health & Social Services (10%), Accommodation & Food (4%), Professional & Business Services (22%), Information Culture & Recreation (5%) and Other Services (9%). Data Processing, Hosting and Related, Non store retailers, Nursing & Residential Care, Real Estate, High technology and Tourism are the fastest growing small businesses sectors. Many of the province’s jobs in finance, insurance, real estate and leasing, and in professional scientific and technical services are concentrated in Mainland / Southwest region.