Regional communities in the Thompson Okanagan
Last updated: January 14, 2025
Located in the interior of B.C., the Thompson Okanagan region stretches to the Alberta border in the east and to the U.S. border in the south. The distinctive landscapes range from Canada’s only desert and arid grasslands to abundant mountains, rivers and valleys, lakes, forested highlands and alpine meadows. This area is a popular tourist destination renowned for its sunny climate, beautiful landscapes and relaxed lifestyle. Visitors and locals spend summers hiking, biking, fishing and boating, and the winters skiing and snowboarding through pillowy champagne powder.
The Thompson Okanagan’s diverse economy includes health care and social assistance, retail trade, professional, scientific and technical services, accommodation and food services, and educational services. Its many fertile valleys grow the grapes used to make the region's world-class wines.
Participating communities in the Thompson Okanagan region:
Penticton
Community DescriptionPenticton is urgently seeking new manufacturing and media businesses. It is also in need of new professional and (non-IT) technical services, but will only consider proposals in areas that require professional licencing if the entrepreneur is already licensed in Canada. In all business sectors, Penticton is prioritizing climate-friendly businesses that will support the city’s climate action plan.
From the Chamber of Commerce, to Community Futures, to the Downtown Penticton Association, to a professional media industry, to a welcoming community of entrepreneurs, Penticton has an array of strong business supports in the community. Penticton also offers various business toolkits and fast fibre optic internet.
Penticton has a thriving downtown and boasts ample arts, cultural, and recreational opportunities to support a high quality of life. The city is located between two beautiful lakes and has a regional airport with daily connections. Penticton also has established immigrant and community services and organizations that will support both the business and personal aspects of new residents’ lives.
Penticton’s vision is to be a community with a broad and rich base of entrepreneurs that will support a safe and vibrant community. With anticipated population growth of 2% per year, and with approximately CAD$100 million in future municipal amenity upgrades, Penticton continues to grow into a beautiful and fun place to live and do business.
Priority Sectors:
311 - Food manufacturing
512 - Motion picture and sound recording industries
5411 – Legal Services
5412- Accounting, tax preparation, bookkeeping and payroll services
5413 - Architectural, engineering and related services
5414 - Specialized design services
5416 - Management, scientific and technical consulting services
5417 - Scientific research and development services
5418 – Advertising, public relations and related services
5419 – Other professional, scientific and technical services
Population: 45,792
Website: www.penticton.ca/business-building/business-economic-development/bc-pnp-program
Contact: economicdevelopment@penticton.ca
Salmon Arm
Community Description
Salmon Arm is looking for innovative tech businesses working in advanced manufacturing or specializing in computer systems design, or that provide management, scientific and technical consulting services. It is also looking for businesses to provide recreational experiences for both locals and tourists. In addition, Salmon Arm is looking to attract food processing businesses that can take advantage of its rich agricultural land.
Salmon Arm boasts a welcoming, mentorship-minded business community and a diverse economy. It has a well-established Downtown Business Improvement Association, a business support hub and accelerator program. Progressive municipal initiatives that support small businesses include commercial and industrial revitalization tax exemption programs.
Located along the Shuswap Lake shoreline, Salmon Arm has big opportunities for anyone seeking a more grounded lifestyle. Salmon Arm’s cost of living is notably lower than larger urban centres, particularly when it comes to housing. Designed as a walkable community, residents have easy access to biking and hiking trails and neighbourhood parks.
Salmon Arm is an emerging innovation hub with unmatched quality of place. Over the next five years, Salmon Arm expects to see continued population growth, with a focus on attainable, affordable housing, agricultural innovation to support local food production, and a commitment to diversity and inclusion. Salmon Arm continues promoting and developing tourism assets that will attract visitors from far and wide.
Priority Sectors:
311 - Food manufacturing
333 - Machinery manufacturing
5415 - Computer systems design and related services
5416 - Management, scientific and technical consulting services
71399 - Other amusement and recreation industries
Population: 19,296
Website: https://saeds.ca/doingbusiness/foreign_investment/
Contact: eip@saeds.ca
Vernon
Community DescriptionThe City of Vernon is seeking entrepreneurs who can bring their expertise, experience, and passion to enhance the vibrant business community. Vernon welcomes entrepreneurs to take advantage of opportunities in key sectors, including: specialty food manufacturing to compliment the North Okanagan’s agriculture; bakeries & restaurants that offer a broad mix of international flavours and specialties; and management, scientific, and technical consultants to support existing businesses, and develop new technologies.
Vernon offers a full suite of business and settlement services for immigrant entrepreneurs. Local government and business associations and organizations provide additional support to help businesses successfully establish in the community. The city’s unique offering of assistance through the Economic Development and Tourism Department ensures that property investors and entrepreneurs are supported throughout the process of building and construction of any commercial or industrial project.
Families choose Vernon for the outdoor activities, small town feel, public schools, and close proximity to the Kelowna International Airport and the University of British Columbia’s Okanagan Campus. Entrepreneurs seek out Vernon for its supportive local government environment, availability of affordable commercial and industrial property, and strong consumer preferences to ‘shop local’.
Continued development of commercial and industrial properties is creating a range of spaces for entrepreneurs to start and expand their businesses. Vernon is growing, and that growth is expected to continue throughout the next 5 years as more domestic and international families discover the many benefits and opportunities available in the community.
Priority Sectors:
3112 - Grain and oilseed milling
3114 - Fruit and vegetable preserving and specialty food manufacturing
3118 - Bakeries and tortilla manufacturing
3222 - Converted paper product manufacturing
4591 - Sporting goods, hobby and musical instrument retailers
5412 - Accounting, tax preparation, bookkeeping and payroll services
7225 - Full-service restaurants and limited-service eating places
45811 - Clothing and clothing accessories retailers
449110 – Furniture retailers
Population: 44,171
Website: https://www.vernon.ca/pnp
Contact: ecdev@vernon.ca