Business in Fernie
Today's Situation
Fernie's economic and business situation is undergoing quite a transition. At present the primary economic base lies within the resource extraction industries (primarily mining).
About 50% of the population base in Fernie is tied to these industries, however the community's economic dependency is much higher as there is an industrial tax sharing agreement in place.
The remaining business base is in tourism (accommodation, restaurants, etc.), community services (financial, legal, government, health, repair, entertainment, etc.), retail services and construction trades.
There are also a growing number of "non store-front" businesses including consultants and other home base enterprises that do not require a specific location to operate. Over the past few decades, many new amenities have been provided due to a steady growth in tourism. As a result, the city certainly doesn't fit the traditional "mining community" perception.
Business Opportunities
Entrepreneurs interested in pursuing business in Fernie are encouraged to prepare a complete business plan that will identify all of the elements of starting and operating a successful business here. A variety of resources are available and we'll be happy to help steer you through the process. The entrepreneurial spirit is alive and well in Fernie. Contact the Fernie Chamber and we can help to get you moving forward.
Future Focus
Fernie is growing at an impressive rate. Much of the growth is a direct result of the region's increasing popularity as a recreational destination. Marketing efforts are increasing the numbers of visitors to Fernie, and once here, people are realizing the desirable amenities and lifestyle and are investing in the community, either as a recreational property owner or as a new resident. This growth initially sets the stage for business opportunities in our tourism industry, but the potential is much greater. Because of the desirable lifestyle, entrepreneurs that can operate at a distance from their customers (light manufacturing, technology, trainers, consultants, etc.) are finding Fernie to be the ideal place for business and living. We often tell people "if you don't have to be in the middle of the city, why should you?"
