Community ProfileLocationThe City is nestled among the hills of the Long Range Mountains, a continuation of the Appalachian Mountain belt. Set at the mouth of the Bay of Islands, the city is 40km (25 miles) from the open waters of the Gulf of St Lawrence. Corner Brook is well positioned to move people, goods, and ideas all over the region and the world. Corner Brook has four exits to the Trans Canada Highway, a deep water port, and is within 50 km (30 miles) to the fourth busiest airport of Atlantic Canada, Deer Lake Regional Airport. Community StatisticsThe Business Resource Centre has compiled a brief report of community statistics. As well, community profiles are available for the city and region from Statistics Canada and Community Accounts. For further investment and economic information, our Community Profile provides information on the following:
The Community If you would like a copy or require more information, please contact the Business Resouirce Centre by phone at 709-637-1588 or via email: business@cornerbrook.com. CommunityCorner Brook’s business community reports an overall positive attitude about conducting business in the city. In a 2008 Business Retention and Expansion study of 79 businesses, the majority of business owners or managers reported that Corner Brook was a good to excellent place to do business and would recommend the region to other businesses. As well, 81% communicated that sales had increased in the past 3 years and 71% expect this trend to continue. About two-thirds were planning to expand their operations in the next three years. As of 2009, 654 hundred businesses have made Corner Brook their chosen place to operate with an additional 118 registered as home-based businesses. In terms of firm size, Corner Brook is mainly composed of small to medium sized firms, with 90% of the firms having between 1 and 9 employees. Firm Size by Number of Employees
*Source: NL Statistics Agency While most firms are small-to-medium sized, larger firms play an important role in the economy. Kruger Inc., a leading international paper producer, operates Corner Brook Pulp and Paper (CBPP) Limited. This newsprint mill contributes a large portion to Newfoundland and Labrador’s GDP. CBPP Woodlands employs 600 in their harvest and silviculture operations in almost 50 Newfoundland communities. The company employs another 700 people at the mill in Corner Brook and at the Deer Lake Power Company. In 2009, Corner Brook’s retail sales were estimated to reach 82% above the national average. Future retail sale projections make Corner Brook an attractive city to locate a retail business. Retail Sales and Projections - Corner Brook
*Source: FP Markets Canadian Demographics 2009. |
City of Corner Brook