riverview, nb economic development guide
DESCRIPTION
A resource for new business start-ups and expansions in Riverview, NB, offering a brief statistical profile of the town and its people.TRANSCRIPT
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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