For Subscribers

Northern Exposure

American entrepreneurs are finding success by heading for the border.

By Joshua Kurlantzick

Opinions expressed by Entrepreneur contributors are their own.

Once scorned as a provider of commodities, comedians and littleelse, Canada has become increasingly attractive for entrepreneurs.In recent years, many small U.S. companies have begun moving partsof their operations to Canada or even relocating their entirebusinesses there. In the entertainment industry alone, the U.S.Department of Commerce believes hundreds of small and largeAmerican companies have outsourced tens of billions of dollars ofTV and movie work to Canada over the past five years.

While the United States is struggling through a prolonged periodof economic stagnation, Canada has recorded the strongest economicgrowth of any industrialized nation over the past two years-growththat makes it easier for companies in Canada to find customers,boost profits and build a capital base. Canada has grown sorobustly that its finance minister has dubbed it the "NorthernTiger," and venture capitalists in Canada are more generousthan their U.S. peers. "Companies there are able to investmoney back into their operations, work with VCs and raiseproductivity," says Christopher Sands, senior associate at theCanada Project of the Center for Strategic and InternationalStudies, a Washington, DC, think tank.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Thought Leaders

The Collapse of Credit Suisse: A Cautionary Tale of Resistance to Hybrid Work

This cautionary tale serves as a reminder for business leaders to adapt to the changing world of work and prioritize their workforce's needs and preferences.

Business News

'Could This Be True?': Blockbuster Might Be Teasing a Surprise Comeback

The company has shuttered all of its locations except for one in Bend, Oregon.

Growing a Business

The No.1 Most Bankable Skill You Must Have to Succeed in 2023

If you don't foster this skill, you'll fall behind the pack financially and professionally in 2023.

Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Business News

I'm a Former Google Recruiter. Here's How to Land a Job in Tech — and What Can Blow Your Interview

A former Google recruiter says layoffs may be trendy, but tech workers are always needed. Here's how to land a job at a major tech company.