Why Locate Your Industry In Burnaby?

Driving around Burnaby, you will probably note that there is a great deal of development that has taken place within the city. In fact, there is probably a higher percentage of land developed in Burnaby than in any other city in the Lower Mainland, including Vancouver. Yet there are still questions as to why Burnaby would be a good place to locate an industry; in fact, we just came across such a question from a slings manufacturer on the Internet the other day. Here are some of our top reasons for thinking that Burnaby is a great place to build your industrial business.

R & D Tax Credit Canada

Well, if it is a question of national incentives, we definitely have to point out this initiative from the Government of Canada. The federal government wants to encourage research and development across the country, thus they offer a credit of up to 175% on qualified expenditures in this category when a company files its yearly income statements. That's a pretty good enticement for those looking to save a bit of money on the bottom line!

Location and pricing

Any industry does better when it is located next to a large market. A large market both in the city and next to it is certainly something that Burnaby has to offer. Whether you need customers looking for a business cryptocard or developers in need of mass produced valves, you will find them in the Lower Mainland area.

A good market like this comes at a certain price, of course, and that's the main reason why many industries select Burnaby over the big city of Vancouver. Vancouver is not only one of the most expensive cities in the world to live in, it is also one of the most expensive to do business in. The continued development and demand for land in the city has driven prices to heights that horrify most potential industrial developers. Costs in Burnaby are much lower.

Proven success in many fields

Another great reason to locate an industry in Burnaby is the track record of the city when it comes to supporting new industries and helping them to flourish. High tech seems to do especially well here, with Sage Software (BC born but now adopted by the UK), Telus, and Ballard Power Systems all having major offices in town.

Transportation and advertisement

One of the big reasons why the entire Lower Mainland area has done so well is, of course, its place as the terminus of so many different routes both nationally and internationally. Burnaby industries have access to transportation via air, rail, sea, and sky. All you have to do is select the cheapest option for you and your customers!

Burnaby's high tech focus also makes for some convenient and low cost advertising options for the industry just starting out. Whether you want to find brochure printing online, a local SEO company, or marketing professionals, there's someone in Burnaby to help you out.