RROC -Economy

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Economy

After four consecutive years of new job creation and forecasts the Conference Board of Canada forecasts Regina’s GDP will increase 2% in 2010. A significant factor in recent growth is multi-billion dollar business investment in major projects such as the CCRL expansion, Harbour Landing, Grasslands, Loblaws distribution centre, Tower 3, Capital Pointe, as well as several other residential subdivision developments in Regina and surrounding communities. Rising mining, oil, and farm commodity prices promise continued growth and expanded investment.

Economic Snapshot

This growth trend is anticipated to continue with an annual average of 3.2% for the forecast period of 2011 to 2014, leaving Regina as one of the healthiest North American metro regions.
Key Industries

Sectors where significant opportunity exists include energy, environmental technology, agricultural value added processing, resources and mining, information technology, research and real estate development.
Business Environment

With stable and sustainable economic growth, increased investment in infrastructure, a strong housing market, long-term planning taking place, a more competitive business environment and a renewed sense of optimism and activity – the Regina region is rapidly becoming one to watch.