Why New West
The City of New Westminster is conveniently located along the Fraser River in the centre of Metro Vancouver, which has access to a workforce one million strong. It is an accessible and affordable solution to businesses that require intellectual assets and access to world markets. The US border and the region's international airport are both only 30 minutes away and New Westminster can offer strong virtual connections to the world through the civic-owned fibre broadband network, BridgeNet.
New Westminster’s characteristics have shifted over the past 25 years in numerous ways. There has been substantial growth around the city, such as in the Downtown, Uptown and, more recently, Sapperton neighbourhoods. New Westminster’s strengths can partly be attributed to its history and importance of the Fraser River, centrality in the region, five SkyTrain stations, and the contributions made by institutions located here, such as post-secondary schools and the hospital.
The City of New Westminster encourages business growth through a cost effective and supportive business environment. The City is focused on promoting opportunities in several sectors such as health, education, and the knowledge-based and creative industries, while recognizing the important role retail, arts and culture play on business growth.
New Westminster has a diverse offering of office space, from heritage office and retail, to Class A commercial space that is cost-effective and close to transit and amenities.
Finally, the City has also launched new and improved business intelligence tools and resources, and continues to engage directly through active outreach to existing and potential businesses and cultivating a culturally diverse economy.
Considering starting a business here? Check out our extensive list of resources and local intelligence tools or read the guide on how to get up and running.
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The City of New Westminster was selected by the Intelligent Community Forum (ICF) as a top 30 global intelligent community, ranked by broadband. This designation is a result in the City’s investment into Intelligent New West.
New Westminster City Councillor Bill Harper was recognized as one of Canada's Open City Champions for his work on the Intelligent City initiative.
The BC Economic Development Association presented the City of New Westminster's Front Street Mews project with the 2018 Stan Rogers Memorial Award in recognition for a project (private or public) making the most significant economic impact in a community.
Also in 2018, New Westminster and the Vancouver Economic Commission signed an Memorandum of Understanding on technology development and deployment.
2017The City of New Westminster has been working on the Intelligent City initiative for several years as a key economic driver for our city. On October 19, 2016, the Intelligent Community Forum (ICF) recognized the City of New Westminster as one of the world’s Smart21 Communities of 2017. The Intelligent Community Forum studies and promotes the best practices of the world's Intelligent Communities as they adapt to the new demands and seize opportunities presented by information and communications technology.
With strong scores in affordability – both in cost of living and cost of doing business – and access to a thriving market (our central location), New Westminster secured a top 3 spot in this year’s ranking of Vancity’s June 2015 “Open for Business: The Top Places to Start Up a Small Business in Metro Vancouver” report.
Also in 2015, New Westminster secured a top 10 spot on BCBusiness’ “Best Cities for Work in BC” for the second year in a row, scoring well in critical metrics such as income growth, population growth and percentage of households with university degrees.
In 2014, BC Business launched their Best Cities for Work in BC ranking which analyzed job markets across British Columbia. New Westminster ranked in the top 10 (out of 36) scoring well in population growth, people taking transit, and people with degrees.
The City of New Westminster was recognized with a 2013 NAIOP Award for Municipal Excellence in the Most Business Friendly Category from the Vancouver Chapter of the Commercial Real Estate Development Association (NAIOP).
New Westminster’s phased-in reduction of light industry property taxes of 20% in 2013, 5% in 2014, and 9% in 2015 was singled out by NAIOP as a solid step towards creating an environment positive to business creation.