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INVEST in BC 2 0 2 4 39 Official Publication of the BC Economic Development Association in special partnership with BCBusiness. T O W N O F P R I N C E T O N P rinceton, British Columbia, is home to a burgeoning industrial park that represents a significant opportunity for businesses looking to expand or establish themselves in a strategic location. With land starting at an affordable $225,000 per acre, this industrial park offers a compelling proposition for various industries, including manufacturing, logistics and technology, empowering businesses with a cost-effective solution for their expansion needs. The Princeton Industrial Park is strategically positioned to leverage the town's unique geographical location. Nestled in the Similkameen Valley, Princeton serves as a gateway between the Lower Mainland, the Okanagan and the Kootenays. This advantageous positioning provides businesses with efficient access to major markets and transportation networks, making them feel strategically positioned for success. One of the key advantages of the Princeton Industrial Park is its affordability. At $225,000 per acre, the land cost is significantly lower compared to other industrial hubs in British Columbia. This affordability allows businesses to allocate more resources to development, operations and growth rather than land acquisition. For small and medium- sized enterprises (SME) and startups, this cost-effectiveness can be a critical factor in their decision-making process, making the Princeton Industrial Park an attractive option. The industrial park is designed with modern infrastructure and amenities to support diverse business needs. It offers fully serviced lots with access to essential utilities such as electricity, water and sewage. The availability of high-speed internet ensures that businesses can operate efficiently in today's digital age. The park's layout is also planned to accommodate future expansions, providing flexibility for growing enterprises. Princeton itself is a community that values and supports economic development. The local government and business organizations are committed to fostering a business-friendly environment. They offer various incentives and support programs to attract and retain regional businesses, creating a supportive ecosystem that can be particularly beneficial for new businesses that require assistance during their initial stages of operation. Furthermore, Princeton boasts a skilled workforce ready to meet the demands of diverse industries. The town's rich history in mining and forestry has cultivated a community of hardworking and experienced individuals. This local talent pool can be an asset to businesses setting up in the industrial park, reducing the need for extensive recruitment from outside the region. In terms of lifestyle, Princeton offers a high quality of life with its picturesque landscapes, outdoor recreational opportunities and a close-knit community atmosphere. This translates to a balanced and fulfilling work-life dynamic for business owners and employees, enhancing overall productivity and satisfaction. Ready to explore the affordability, modern infrastructure and strategic location of Princeton Industrial Park? Visit princeton.ca/p/ industrial-park today. PRINCETON INDUSTRIAL PARK IS AN EXCELLENT OPPORTUNITY FOR BUSINESSES SEEKING AFFORDABLE, WELL-CONNECTED AND SUPPORTIVE ENVIRONMENTS TO THRIVE Princeton.indd 1 Princeton.indd 1 2024-07-18 10:29 AM 2024-07-18 10:29 AM