This electronic communication is a resource providing businesses and interested parties with relevant information about funding sources, events, resources, and other local municipal information.

Canada Post Employees Heading Back to Work

The federal government is stepping in to end the Canada Post strike. The strike which started on November 15th, 2024, extended for nearly one month. Federal Labour Minister Steven MacKinnon will appoint an industrial inquiry commission with a goal to reach a new contract by May 2025. Until that time, the strike will be "on pause" with workers and management operating under existing contract terms that have since expired.

Bank of Canada Cuts Interest & Economic Pressures

Key Interest Rate to 3.25%

The Bank of Canada has lowered its key interest rate to 3.25%. The Bank of Canada says the Canadian economy grew by 1% in the third quarter, somewhat below projections, pulled down by business investment, inventories and exports. The Bank says consumer spending and housing activity both picked up, suggesting lower interest rates are beginning to boost household spending. Looking ahead, the GST holiday will reduce inflation temporarily but will normalize once it ends. The next scheduled date for announcing the overnight rate target is January 29, 2025.

Read update from the Bank of Canada

CFIB Concerned Over US Tarrifs

The Canadian Federation of Independent Businesses (CFIB) is raising concerns over proposed tariffs. The CFIB says blanket tariffs on Canadian goods would have a massive economic impact on our economy. It was noted by the Canadian Federation of Independent Businesses that small and medium-sized businesses account for approximately 40% of exports to the US. The CFIB says tariffs would not just affect our exporters as their effect on the value of the Canadian dollar would increase the cost of US imports — affecting small businesses and consumers alike.

Read the statement from the CFIB

GST/HST Relief Starts Dec. 14

Challenges for Local Businesses

Our local entrepreneurs are working tirelessly to implement complex changes:

Reprogramming point-of-sale systems on short notice
Updating pricing for thousands of items
Training staff on new procedures during their busiest season

These changes are not only time-consuming but also costly for businesses. Set up for point of sales systems involving re-programming can lead to additional costs as well as time to manage at the busiest time of the year for some retailers.

Ontario Chamber: Federal GST Relief Adds Holiday Costs, Confusion and Stress for Business

Inclusive Entrepreneurship Loan from BDC

The Business Development Bank of Canada (BDC) offers an inclusive entrepreneurship loan up to $350,000 to businesses at least 51% owned and led by women, Indigenous, or Black entrepreneurs. The inclusive entrepreneurship loan features affordable financing, no application or annual fees, and the option to postpone principal payments for up to 24 months.

REQUIREMENTS:

Location: Based in Canada

Profitability: Revenue of less than $3M

Ownership: At least 51% owned and led by persons from an underserved community*

Funding can be used to launch growth projects, purchase new or used equipment or invest in new technology.

Apply for Inclusive Entrepreneurship Funding Here

Petawawa to Work with Syntax on Rebranding Project

The Town has awarded Syntax Strategic Communications the contract for the municipal logo redesign and development of brand guidelines. They were selected through a competitive Request for Quotation (RFQ) process. Syntax Strategic Communications is a nationally recognized communications firm specializing in strategic branding, graphic design, marketing, and public relations. The firm brings a wealth of experience working with municipalities and organizations across the region, including successful projects for the Town of Renfrew, the Township of Whitewater Region, and the Carp Business Improvement Association (BIA).

Petawawa Engaging Businesses with BR+E in 2025

The Town of Petawawa will be undertaking a BR+E in 2025. A Business Retention and Expansion (BR+E) program is an economic development initiative focused on supporting and fostering growth among existing businesses in a community. Through surveys and direct engagement, BR+E programs help identify challenges, opportunities, and resources to enhance local businesses' success.

Five Reasons a Business Should Participate in a BR+E Program

Access to Valuable Resources: Gain insights into funding opportunities, training programs, and community support services tailored to help businesses thrive.

Networking Opportunities: Connect with other local businesses, government representatives, and stakeholders to foster partnerships and collaborative growth.

Input into Economic Development: Shape the future of the local economy by sharing challenges, needs, and opportunities unique to your business or industry.

Tailored Solutions to Challenges: Work directly with BR+E teams to address your unique concerns, from workforce needs to supply chain issues, ensuring sustainable development.

Strategic Support for Growth: Gain personalized insights and actionable recommendations to overcome challenges, expand your market, and achieve long-term growth.

Merry & Bright Festival Draws Crowds to in Petawawa

The snow and winter weather didn't stop large crowds from attending the Holiday Tailgate Market in Petawawa on December 7th. The community donations collected during the event were $1,387. Two local organizations, the Valour Foundation and Watch My 6 Service Dogs will share the proceeds as they continue their amazing work in our community. Funds raised in the previous two years (combined $1420) were donated to Soldier ON.

A special thank you to the Petawawa Business Advisory Network members who plan and support this market event.

Canada's World Juniors Coming to Petawawa Civic Centre

Team Canada World Juniors Hockey Team is visiting Petawawa and you’re invited to come meet the team on Wednesday, 18 December from 1:30 pm to 4:30 pm at the Petawawa Civic Centre. There will be giveaways, free hot chocolate, and opportunities to meet the players and coaches, get autographs and take photos! One day only, Wednesday, December 18th, at the Petawawa Civic Centre. The National Team is training in Petawawa at the Silver Dart Arena from December 15th to 18th. The 2024-2025 tournament begins on Boxing Day (December 26th) when Team Canada faces Team Finland.

Town of Petawawa

Petawawa Business Advisory Network

1111 Victoria St. Petawawa, Ontario

Phone 1-613-687-5536

Petawawa Businesses be sure to use Shop Petawawa to drive additional sales to your businesses' shopping and social platforms. Need help using this FREE resource? Want to advertise your business event or celebration? Contact Christine