riverview, nb economic development guide

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RIVERVIEW naturally Open for Business townofriverview.ca

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A resource for new business start-ups and expansions in Riverview, NB, offering a brief statistical profile of the town and its people.

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R I V E R V I E Wn a tu ra l l y

Openfor Business

townofriverview.ca

1

Welcome to the Town of Riverview, part of

the fastest growing region in Atlantic Canada.

Strategically located at the heart of the

Atlantic Provinces, Riverview, along with

its sister communities of Dieppe and Moncton,

comprise the Greater Moncton region in

New Brunswick, Canada.

Riverview also benefits from its close proximity

to three national and provincial transportation

networks providing access to more than two

million consumers within a 300 km radius.

WELCOME

easy access to two million consumers

2

With a compliment of more than 18,000

residents, Riverview is a big town with a

small town feel. For this reason, among

many others, Riverview has traditionally

been a sought-after place to live and raise a

family. During the past few decades however,

the region has experienced exponential growth…

naturally, Riverview has expanded and now offers

so much more.

Urban AmenitiesUrban AmenitiesServices

access to

and

big town with a small town feel

and lower costs to doing business

3

Entrepreneurial

Riverview has an entrepreneurial culture unsurpassed

in most towns of its size throughout Atlantic Canada.

According to the latest census, over 8% of Riverview’s

labour force is self-employed.

• The region is ranked by KPMG as the lowest cost location for business among urban centres in Atlantic Canada and the New England states• Linked by the $30 million four-lane

Gunningsville bridge, Riverview is just minutes away from downtown Moncton

• Easy access to the Greater Moncton International Airport. Saint John, NB, is only an hour away by car, while Halifax, NS, is a short two-hour drive from downtown Moncton. Both cities provide access to year-round deep water ports

EntrepreneurialCulture

4

Grow your Business

With one of the most cost-competitive

environments in North America, an increasing

number of businesses are establishing

operations in Riverview. The region is home to

two universities, two community

colleges and several private colleges

contributing to making the area’s

bilingual workforce one of the most

educated in New Brunswick. More than

half of Riverview’s adult population has

a post-secondary education.

Compared to the surrounding Atlantic

provinces, Riverview is home to 30% more people

employed in management occupations, 36%

more in natural and applied sciences, and nearly

50% more in business, finance or administrative

occupations.

Alex & Beatriz Joannides recently moved to Riverview from Ontario and are the proud owners

of the Town’s new Canadian Tire store.

Sobeys, Canadian Tire, and NB Liquor: Anchors for future development of surrounding retail properties

5

Strong & Steady

One of the fastest growing towns in New Brunswick,

Riverview’s population increased by 20% between

1986-2006, and is now estimated at approximately

18,500. Strong and steady over the past 20 years,

all indications point toward

continued growth

into the future.

Demographics

Strong & SteadyPopulationGrowth

6

Cost ofCost of LivingHousing in Riverview continues to be

significantly lower than in Moncton and

Dieppe. With access to all the same urban

amenities and services, Riverview boasts

one of the lowest monthly payments of any

similarly sized town in Atlantic Canada.

20-year Change

Moncton $145,324 131%

Dieppe 159,343 172%

Riverview 137,488 105%

Average Cost of Housing (2006)

Average Monthly (major) Payments Owned Housing (1986-2006)

1986 2006 % Change

Moncton $476 $904 90%

Dieppe $482 $1,041 116%

Riverview $539 $899 67%

(source: Statistics Canada. 1986 and 2006 Census)

Average cost of housing is below both neighbouring communities of Moncton and Dieppe

7

Average household income in the

Town of Riverview was estimated

in 2008 at 15% higher than the

Moncton CMA average, making

Riverview the most affluent in the

region. There are also considerably

more households with six-figure

incomes than in the city and CMA.

Income

affluent communityaffluent community

in the region

most

8

Building on the region’s exponential growth,

several sectors have been identified as having a

solid foundation for continued growth, namely:

• commercial/ retail

• education / training

facilities

• professional services

• health & wellness

services

• restaurants / hospitality

Whether you’re looking

for low operating costs, a

highly skilled workforce,

available commercial space or simply a short

commute to work, we urge you to consider doing

business in Riverview.

Here are a few

of the reasons why

you should consider

Riverview as a top

location for doing

business:

Natural Choice

Business

the

for you and yourNatural Choice

• One of the most cost-competitive markets in North America• Catchment area of 40,000 people• Close proximity to the fastest

growing international airport in Canada

• Three universities, two community colleges and numerous private colleges

Paul Boutet and Francis Arsenault of the Riverview Animal Hospital

9

According to a recent study, the Town of Riverview

is ideally positioned to attract health-related

industries such as bio-pharmaceutical research

and development labs, specialized health-care

providers and more. Riverview’s proximity to two

regional health care facilities, the Georges-L.

Dumont Regional Hospital and the Moncton

Hospital, afford it access to a professional

workforce of health care providers. With one of the

lowest concentrations of health services available

in similar sized communities in Canada, Riverview

offers many opprtunities.

ideal for health

& wellness-

related centres

AvailableAvailableCommercial Space

Health & Wellness Business Profile

Karen Balser, Forever Healthy Clinic

10

The Town of Riverview has many

opportunities for new physicians’

offices, dental services, chiropractic

operations and health support

services such as home health care

providers and rehabilitation centres.

A few of the factors supporting health and

wellness operations include:

• A potential client base of 30,000 people

• An aging population (total population aged 65+ is up by 150% over the past 20 years)

• An approximate 600 health care professionals live in Riverview and most have to commute out of town for work

11

As part of the Greater Moncton region, the

Town of Riverview has access to a skilled

and intelligent workforce* of more than

100,000 people. The Town’s growing

business parks provide countless

opportunities for development. From

big box retail to professional services to

technology-based industries. Riverview is

the natural location for your business.

Looking to gain a competitive advantage?

Consider Riverview, where the professional

services sector remains underdeveloped for

its rapidly growing population. Location is a

competitive differentiator, and with only 48

offices per 10,000 people

(compared to 72 in

Moncton, and 80 in

Dieppe), Riverview is an

eager market for business

services.

* New York-based Intelligent Community Forum selected the City

of Moncton among the world’s Smart21 Communities in 2009 and 2010, one

of only four Canadian communities to be awarded this distinction.

Competitive Advantage Competitive Advantage

Riverview

Gain a

in

Professional Services operations

Business Services Sector

12

Riverview is also an excellent location

to establish a new post-secondary

institution. Centrally located and

accessed by a potential population of

close to 200,000 people within a

relatively short comute, the Town

has available land perfectly

suited to house a variety of

educational and training

facilities. Riverview, the

perfect location for linking

training opportunities such

as business management,

computer sciences and

technology with the

region’s growing demand for educated

and skilled professionals.

Education TrainingEducation TrainingOpportunities

and

Riverview has the

perfect parcel of land

for the establishment of

New Brunswick’s newest

post-secondary campus

13

Several options are available to retailers

considering Riverview as a site for new

facilities. From the Town’s central commercial

district on Coverdale Road, to the new

Findlay Park commercial area and the future

commercial node just off Gunningsville

Boulevard, these locations offer endless

possibility for commercial development.

Only a quarter of residents both live and

work in Riverview. The other 75% of

residents commute daily to neighbouring

communities for employment. With just

37 retail establishments per 10,000 people,

the opportunity exists for more of Riverview’s

nearly 2,700 retail trade employees to earn their

living at home.

RetailRetailOpportunities

17% higher disposable income than other NB communities

14

U S A

Q U E B E C

N O V A S C O T I A

P E I

N E W B R U N S W I C K

Halifax

Saint John

Bangor

RIVERVIEW

MonctonCharlottetown

Fredericton

Statistics show that residents of Riverview enjoy

a much higher average income and subsequently

higher disposable income when compared to

other communities in the province. Including

parts of Albert County and neighbourhoods in

southern Moncton, the area offers a catchment

market of some 40,000 consumers.

15

Strategically located at the entry

point to the Fundy tourism region in

New Brunswick, you’ll find no location better

suited to tourism and hospitality industries than

Riverview. Just a bridge away from

downtown Moncton, restaurants,

hotels and entertainment facilities

should consider establishing

in Riverview.Riverview has

the infrastructure,

available commercial

land, skilled workforce

and business savvy to

attract and grow several

targeted industries

16

In addition to being an excellent location

to establish a new business, the Town of

Riverview is a great place to live, work

and raise a family. During the past few

years, hundreds of families have moved to

Riverview from other parts of New Brunswick,

Canada and the world; in fact, the Town has a

higher percentage of migrants (people moving

from other parts of Canada) than the provincial

average and is consistent with the national

average.

Riverview’s low crime rates, friendly neighbours

and family-focused atmosphere are only part

of the reasons you’ll want to consider this town

home. With major investments in parks, walking

and biking trails, recreational facilities and more,

Riverview offers residents a healthy way to

enjoy life… naturally!

Recent immigrants from Peru, Felipe Jimenez De Lucio and his family chose Riverview as the ideal location

to live, work and play.

To support its commitment to sustainable

growth, the Town of Riverview now offers

a development charge discount to green

builders. The Green Development Fund

is voluntary, and open to all commercial

and industrial projects that incorporate

green building policies or LEED standards.

Qualifying businesses can receive a

discount of up to 27.5% for choosing

low-impact development solutions.

Town of Riverview30 Honour House CourtRiverview, NB E1C 3Y9

Shane ThomsonDirector, Economic DevelopmentTel: [email protected]

www.townofriverview.ca

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