Best IT Services for Businesses in Kelowna & Penticton
IT Services - Penticton
City of Penticton
In 2025, Penticton is experiencing a unique "resilience phase." While it doesn't see the same sheer volume of business licenses as Kelowna, it is seeing high-intensity growth in specific sectors, particularly tourism, remote management, and professional services.
Here are the key business growth statistics for Penticton as of late 2024 and early 2025:
1. General Business Climate
- Business Count Growth: The number of active businesses in Penticton grew by 4.6% in the most recent annual tracking cycle.
- Expansion Sentiment: A recent business climate survey revealed that over 50% of Penticton businesses plan to expand their operations within the next 12 months.
- Optimism: 96% of local business owners anticipate positive or very positive changes in sales over the coming year.
2. Sector-Specific Growth
- Tourism Impact: In the 2023-2024 fiscal year, tourism generated $897 million in total economic output for Penticton. This sector now supports roughly 5,340 jobs, making it as significant to the local economy as the healthcare industry.
- Remote Work Trend: Penticton has a higher-than-average remote work population, with 14.4% of workers working from home. Notably, over half of these are in senior management or legislative roles, creating a "hidden" economy of high-income professionals requiring home-office IT support.
- Construction & Real Estate: While the province saw a moderate 1.2% GDP growth, Penticton's real estate transactions increased by 4% in 2024, with sales volume predicted to rise by another 12% in 2025.
3. Labour Market & Employment
- Regional Workforce: The Thompson-Okanagan region (including Penticton) added 19,200 jobs year-over-year as of late 2024.
- Skilled Labour Gap: Local businesses have identified a significant shortage in IT Professionals, Trades, and Healthcare. This gap represents a "substantial need" for external IT service providers to fill the void for growing companies.
- Unemployment: Penticton’s local unemployment rate hovers around 6.3%, which is slightly lower than the provincial forecast for 2025 (6.4%).
4. Infrastructure & Investment
- City Budget 2025: The City has a $71.5 million capital program for 2025, focusing on "Safe & Resilient" infrastructure, including updates to City Hall business continuity and RCMP detachment security.
- Housing Development: To keep up with a population projected to hit 56,000 by 2046, the city is approving between 240 and 380 new residential units per year, driving growth in the construction and utility service sectors.
Why Choose OIT IT Services?
Penticton is shifting from a "seasonal town" to a year-round "professional hub." With 50% of businesses looking to expand and a 14% remote-workforce of high-level managers, the demand for "managed IT infrastructure" and "remote security" is at an all-time high.
OIT IT Services provides an unparalleled skill set in planning, managing, and maintaining resilient infrastructure. Partner with us to gain the technical edge your business needs to succeed.
Contact Us
