Regional Opportunities
Natural Opportunities
While long a centre of oil
production, the city is also the metropolitan centre of the celebrated Bakken
Oil fields of Southern Saskatchewan and the Northern USA. Our favoured location
is well situated to enjoy the opportunities present in increased oil
exploration, extraction, production and distribution. Regina also enjoys many
natural features for new energy production and specialization.
The Regina area is home to the world’s largest solution
Potash mine and is at the centre of Saskatchewan’s Potash deposit country. New
potash mines planned or announced in the immediate area have provided more
evidence to support the pervasive optimism in the City. Regina is increasingly becoming the home of major and junior mining and resource companies across the range of Saskatchewan’s natural resource rich economy.
Knowledge Opportunity
Regina’s success has also been
well distributed across its diverse economy. Regina boasts nation leading
research based innovation facilities and is the provincial leader in the
specializations of Information & Culture, Finance, insurance, real estate,
public administration, arts, entertainment and recreation and well as business
and professional services. Regina is
also the major service centre for health and education in the South. The City enjoys a strong manufacturing base
with international manufacturers located here producing a wide variety of
renowned products. The size and scale of Regina’s construction industry is also
a leading indicator of Southern Saskatchewan’s economic vitality.
Growth Opportunity
No description of Regina’s diverse
economy could be complete without mention of the economic powerhouse of
agriculture. The Regina region plays a key role in the mega-billion dollar
Saskatchewan agricultural economy. The region has long been recognized for its
value in the production and processing of cereal grains, pulse crops, oilseeds
as well as specialty and organic crops. The city is also home to the head offices of Farm Credit Canada (FCC)
and Viterra Inc. as examples, thus making the city a foremost centre of
international agri-business and finance. Regina is also home to world class
implement manufacturers - further demonstrating the importance of agriculture
to the city.
Capital Opportunity
Evidence and expectation of growth
in each of the industries outlines above has been demonstrated through capital
investment into Saskatchewan as a whole and Regina and the South in particular.
New investment into the province has effectively doubled over the last ten
years and more increases are expected in the years ahead. The Regina region has been exemplary of this
confidence in the province, as capital projects in the region have helped to
make the city among the fastest growing metro economies in Western Canada.
Major infrastructure projects, new and large scale housing developments, new
institutional and commercial developments, the expansion of the oil refinery,
development of world class transportation facilities, major construction
projects in Regina’s evolving downtown, which include new rise office and
condominium developments, are all examples of the new investment taking place
in our growing city.
Lifestyle Opportunity
Regina is also at the centre of a
large, diverse and growing tourism industry. The city is located at the one of
Saskatchewan most prized natural assets, the beautiful Qu’Appelle Valley which
is home to large lakes known for sun-tanning, swimming, boating, fishing and
year round recreation. There are many more lakes located nearby just beyond the
valley. Regina also boasts national historic sites, provincial and national
parks and Canadian leading attractions, events, culture, and recreational
opportunity.