Economic development

Kelowna is rated by KPMG as the most cost competitive place to do business in Western North America. To learn more about the Kelowna's attractive business climate, visit Invest Kelowna.

Invest Kelowna is the Central Okanagan Economic Development Commission’s online portal to business development information, resources and contacts. The City of Kelowna contributes more than $600,000 annually to fund regional economic development efforts.

Invest Kelowna

Business improvement areas

A Business Improvement Area (BIA) is an association of property owners and tenants within a specified district, who join together with official approval of the City in order to stimulate business and promote their commercial area.

Kelowna has two business improvement areas:

Establishing a business improvement area

Business Improvement Areas can be established under Section 215 of the Community Charter by a group of area business owners or council directive. Typically, BIAs are approved for five-year terms.

Once approved, we collect funds from commercial landowners for the specific purpose of improving area infrastructure by beautifying or maintaining streets, sidewalks or municipally owned land, buildings or other structures. Monies also go towards supporting the improvement area association. Collected funds are based on a rate of the assessed land and improvement values within the business improvement area boundaries.