Reflections on Staff Training

By Jim Pettinger, President of UCanTrade, Inc.

For some years I have always been amused when business advertisers brag that their staff are “highly trained” professionals. However, now that the marijuana business is being legalized across North America, I can see at least some validity to the phrase. Here’s hoping that the remainder of your summer is highly enjoyable.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

New, Lower U.S. Corp Tax Rate Attracts Canadian Business Expansion/Investment

By: Jim Pettinger, President at UCanTrade,Inc.

Canadian businesses and entrepreneurs already have many good reasons to look south for more sales and profits – larger market, wealthier prospects, faster purchasing decisions, favorable exchange rate, favorable cost of housing, strong U.S. economy, tepid Canadian economy, and more and more left-leaning government policy. Now there is another incentive, particularly for those that wish to incorporate or purchase a U.S.-based business. As of January 1, 2018, the maximum U.S. corporate tax rate has been lowered from 35% to 21%. This is not all gravy – there are some offsets – but the potential long term benefit to business owners is significant. Highlights can be found in this Salesforce blog.

According to Darrel Degelman, business advisor at Chinook Mergers, Acquisitions and Business Brokerage, “Many free-enterprise Canadians are strongly considering the benefits of owning and operating a U.S.-based company. For some, this could include cashing in the equity in their home, whereby they might be able to use the cash to fund both the purchase of a business and an equivalent or better new home.”

Greg Boos, immigration attorney at Cascadia Cross-Border Law concurs: “We are increasingly helping Canadians obtain working visas, green cards, and ultimately, dual-citizenship for new business owners and their families. Some begin by simply commuting to their new business in nearby Whatcom County before deciding on anything more permanent.”

This more nearby opportunity is amplified by Tom Dorr, a Bellingham business consultant: “In my twenty-plus years working with small business owners and entrepreneurs, there has never been a more optimistic local business attitude than we are currently experiencing. We are seeing many businesses expanding and hiring more employees at higher wages.”

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

Private business ownership is on the decline

Private business ownership is on the decline (with one possible exception – boomers and seniors)

By: Jim Pettinger, President of UCanTrade, Inc.

According to many sources, private business ownership in the USA (and likely everywhere) is declining. Many reasons are cited, but our experience indicates increasing complexity and risk in two areas: technology and legal burden/liability. The former requires greatly increased up-front investment in people, education, equipment and software, all of which quickly depreciate; while the latter means more government and higher insurance premiums plus various other related costs. Both also require a greatly increased share of management time. Our favorite bastion of free enterprise is Texas, which has published this related article, Entrepreneurship on the Decline.

One possible exception to this trend is the number of boomers and seniors forming businesses, not only because they have the know-how and desire, but also because most feel they will need the extra income to “retire” and pay for medical expenses. One supporter of this trend is Wendy Mayhew who organizes the Wise 50 Over 50 Award and also provides other services for Canadian “Seniors in Business”.

One quibble we have in this context is with the deliberately confusing use of politically correct or misleading/misdirecting terms. “Entrepreneurs” don’t have legal liabilities; business owners do. And related, we would like to see more encouragement of “wealth creation” and less of “job creation”. We would also like to see the increasingly used term “Free Market” share the stage with (and not supplant) “Free Enterprise”. As President Reagan titled his famous 1977 speech at Hillsdale College, Whatever Happened to Free Enterprise. Let’s call it like it is!

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade
 

2015 British Columbia Holidays

By: UCanTrade Staff

Northwest Washington businesses can expect greater numbers of Canadian customers to visit on British Columbia holiday weekends.
Cross-Border

Cross-border travelers increase along the Pacific Corridor during holiday weekends.

2015 BC Statutory Holidays (PDF)
January 01, Thursday  – New Year’s Day
February 09, Monday – Family Day
April 03, Friday – Good Friday
April 06, Monday – Easter Monday*
May 18, Monday – Victoria Day
July 01, Wednesday – Canada Day
August 03, Monday – British Columbia Day (Civic Holiday)
September 07, Monday – Labour Day
October 12, Monday – Thanksgiving Day
November 11, Wednesday – Remembrance Day
December 25, Friday – Christmas Day
December 26, Saturday – Boxing Day*
*These are not statutory holidays in BC, but many BC businesses are closed.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

Whatcom Unified Emergency Coordination Center opens in former IMA Warehouse Space

By: Elliott Smith

A building formerly occupied by UCanTrade, Inc. (formally known as International Market Access, Inc.) in Bellingham has found a new purpose: public safety. The Whatcom Unified Emergency Coordination Center (WUECC) was dedicated on July 18, 2014 with a ribbon cutting ceremony.

Warehouse

The Building that now houses the WUECC was home to IMA From 1997 to 2009.

The building, located adjacent to Bellingham International Airport at 3888 Sound Way is owned by the Port of Bellingham, and was occupied by International Market Access, Inc. from 1997 to 2009.

In 2009, UCanTrade moved to 1465 Slater Road in Ferndale, giving our clients convenient access to Interstate 5. At that time, the Sound Way building was retrofitted by the US Department of Homeland Security for use as a federal, state and local coordination center for the 2010 Winter Olympics in Vancouver, BC. The Center was closed in 2011, following the conclusion of the Winter Games.

Whatcom County Sheriff Bill Elfo reached out to the BP Cherry Point Refinery to discuss establishing a new coordination center in the building. Multiple government agencies, including the City of Bellingham, Whatcom County and the Port of Bellingham formed a partnership to open a new Emergency Coordination Center.

BP donated equipment and furnishings that had been used during the company’s spill response on the Gulf of Mexico in 2010, when BP employees from around the country were sent to the Gulf to assist with the cleanup. Furnishings and equipment used in that effort will now go on to have a further useful life at the WUECC thanks to BP. In addition to BP’s support, neighboring refinery operator Phillips 66 donated $50,000 towards infrastructure enhancements at the WUECC.

Emergency Management

Officials cut the ribbon to officially open the WUECC on July 18, 2014. Photo courtesy Bellingham Police Dept.

The WUECC facility now serves as an Emergency Coordination Center. The space includes a large operations room, a communications/radio room, five meeting rooms, and two large multipurpose areas. The size of the facility provides adequate space for 300+ federal, tribal, state, local, private sector and volunteer response personnel. When not activated for a disaster, the facility provides space for meetings, trainings and exercises

More information about the Whatcom Unified Emergency Coordination Center is available on their website.

 

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade