The HIGH COST of Permitting Delays in the City of Vancouver
This 2020 research found that the average business permit/license in the City of Vancouver takes 8.2 months from application to issuance. This costs the business $513,390 in lost revenue and leasing costs, and the broader local economy $208,418, for a total loss of $721,808. This research assessed the cost of operating a business annually, and found that each week that the City of Vancouver can reduce the permit/license process represents $31,160 in economic activity (lease costs, revenue, employment and supplier sales). Many changes are underway in early 2020 to improve the process at the City of Vancouver, and this report provides recommendations on the economic benefit of those changes.
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