Wednesday
Oct282015

What's on the minds of Peterborough businesses?

The stack of issues impacting the business community is growing.  In fact, you could say that 2015 has been a growth year, but not always in a good way.  With all of the issues and concerns that our local businesses must wade through to stay compliant, to plan for their future, to know if their business is moving in the direction they want and whether or not they’re ready to hire, perseverance is required.  Peterborough has seen a number of new businesses open in our downtown and industrial park, and along our two other main commercial thoroughfares, Lansdowne and Chemong. For that, we thank you.  

At the Peterborough Chamber of Commerce we’ve been working with the Chamber network to make sure your concerns are heard at all levels of government.  This includes programs to help bring taxes to a level consistent with other like communities, red tape and regulation, pension plans, workplace insurance, infrastructure needs for transportation of goods, trade deals, and reaching new markets. 

Municipally, we have fought to get the Tax Ratio Reduction Program back into the City of Peterborough budget.  Our partners in this venture the Kawartha Manufacturers Association and Peterborough and the Kawarthas Association of Realtors see the value in the program, which will put Peterborough on a more level playing field with communities like Barrie.

Provincially, the list of areas of concern has grown over the past year.  The proposed Ontario Retirement Pension Plan (ORPP) is still set to come into effect January 2017 on a phased in basis.  Employers would pay 1.9% for each employee to a maximum of $1,643 per year.  Employees would contribute a matching amount. There are some exceptions and the provincial government is currently saying that if the Canada Pension Plan (CPP) is improved upon then there may be no need for the ORPP.  The Peterborough and Kingston Chambers of Commerce successfully presented a policy resolution in Ottawa asking the federal government to allow employees to contribute more to CPP should they choose.  The Canadian Chamber of Commerce will now be able to take that recommendation from the business community to the federal government.

The rate framework of the Workplace Safety and Insurance Board is in the midst of major overhaul.  Some of the changes include the number of rate groups and how a rate is determined.  The Peterborough Chamber was involved in a taskforce examining the issue and submitted a report to the provincial government representing the business perspective.  

Federally, the business community and the Chamber Network are advocating for projects such as Energy East, which will not only be a national job creator but an opportunity to use more of Canada’s natural resources in our own country.  Also on the list is help for innovation investment in new energy technologies, a place in the Trans Pacific Partnership (TPP) deal, and an improved and more open relationship between the business community and rail.

The graphic shows a number of issues the Peterborough Chamber of Commerce is currently working to address through our lobbying and advocacy efforts. If there is an issue you feel we have missed please let us know through  sandra@peterboroughchamber.ca or 705.748.9771 x215.

The mission of the Chamber is to strengthen the business community, speak as one to government, and push for legislative change that allows Peterborough businesses to stay competitive.

Look for our Policy Report Card 2014 under "Lobbying" at peterboroughchamber.ca

Comment through the "Peterborough Chamber" LinkedIn group.

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