Business Opportunities

Regional Economic Opportunities in Southeast Saskatchewan

Since 2007 Saskatchewan has been on a growth trend. Even over the last several years the province has remained stable and witnessed growth in several sectors. Forecasts by the Institute of Canadian Studies, and other organizations, predict that Saskatchewan will lead the country in economic growth in 2010.

The government has worked to create a stable economic environment supportive of business and commerce. New business and investment is flowing back into the province. Graduates are staying in the province, skilled workers are returning to the province, and immigration and settlement is experiencing a steady climb.

Saskatchewan Activities

Saskatchewan is focused on creating opportunities for business and investment of all size to thrive. The province has sought to accomplish this several ways:

  • Industrial land costs in Saskatchewan are among the lowest in North America. Serviced land in larger cities can be purchased for as little as $25,000 per acre. This is true for most rural areas of the southeast region as well. In the communities of Weyburn and Estevan these costs range from $180,000 to $220,000 per acre.

  • Office and industrial rental rates are also among the lowest in North America.

  • Corporate income tax rate on manufacturing and processing profits may be as low as 10%.

  • Manufacturers and processors that establish facilities in Saskatchewan are eligible for a 5% refundable investment tax credit on capital purchases.

  • The province has a 15% tax credit for scientific research and development expenditures.

  • Saskatchewan can provide new employers with employee training grants to a maximum of $5,000 per employee and $150,000 per company.

  • Utility rates in Saskatchewan are among the most competitive in North America.

  • Of the Canadian provinces with a provincial sales tax, Saskatchewan’s rate of 5% is the lowest.

Southeast Saskatchewan Regional Opportunities

Regionally, as businesses expand, industrial sectors grow, and populations rise in the southeast (due to an increased demand for labour), new opportunities have been identified to:

  • Provide support services and fill in gaps not immediately supplied by the supply-chain in the region for primary industries;

  • Provide affordable housing solutions and rental accommodations;

  • Open up or work in construction, contracting, and the various supporting trades;

  • Provide healthcare services, private nursing and housing; and

  • Open retail ventures, large and small, to meet the basic and the unique needs of the growing regional population.

Many business opportunities exist throughout the region. For more information on these opportunities contact Saskatchewan South East Enterprise Region Inc., local economic development office or municipality click here.

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