The business community in Weyburn is a diverse collection of industry and corporate headquarters. As the central community in the Southeast Region, in close proximity to the provincial capital City of Regina, Weyburn is an attractive business locale for skilled workers and young professionals.
Key Industry & Strengths
As the world looks to its farmers to meet an ever-increasing need for food supply, Weyburn’s position as one of the largest inland grain gathering points in North America makes it a vital contributor to a timely issue. Weyburn sits anchored in its agricultural roots as the cornerstone for agricultural production in the Region. Weyburn is home to five major implement dealers all of whom have undergone significant expansions in the past four years.
Oil & Gas
Weyburn has been long established as a central figure for the upstream oil industry in the province. Through investment in pioneering research projects and leading-edge oil extraction technology. Weyburn based companies continue to advance innovation and development in the industry. The City’s youthful professional culture and educated workforce have made Weyburn an attractive locale for many national and local industry headquarters and a strategic location for industrial services.
Public Sector Headquarters
As a central community in the Southeast Region, Weyburn is the preferred locale for public sector and professional regional head offices, contributing an enduring inventory of stable employment opportunities. Weyburn’s proximity to Regina offers access to a wide range of supports and services. The stable, prosperous, business atmosphere attracts skilled professional from the larger centers to Weyburn.
Local Municipal Leadership
Investors are confident in the stable and sustainable business policies of the local government. As a leader in fiscal responsibility, the municipal government is in a position to effectively manage the infrastructure and service demands of growth without interruption to the pace of the development. Weyburn’s commitment to ensuring availability of adequate housing options is giving area employers a competitive edge in attracting employees. Working collaboratively with stakeholders is the foundation of the City’s commitment to cultivating a sustainable environment for development opportunities.
The two municipalities, the City of Weyburn and the RM of Weyburn have taken a proactive approach to planning and development with the establishment of the Weyburn Regional Planning District Commission in 2010. Seven years later the Weyburn Planning District is a model of excellence for inter-municipal cooperation and planning ensuring that there is a clear dedication from all stakeholders to removing any barriers to growth and development in the Region.
Source: Investing Saskatchewan
The province is a storehouse of natural resources and a powerhouse of value-added industries. The time to invest in Saskatchewan is now. It makes sense to look at Saskatchewan as a location for business:
- Sasktachewan’s economy is forecast to grow by 2.5% in 2017. According to the Conference Board of Canada, Provincial Outlook: Spring 2017, this will be the second highest economic growth rate in Canada.
- In 2016, the Fraser Institue ranked Saskatchewan first in Canda and fourth in the world for oil and gas investment.
- Saskatchewan has the lowest net business tax burden among the provinces and the second-lowest provincial tax burden on individuals.
- The province has maintained competitive and stable regulations and royalty rates, providing the reassurance companies need to make new investments and expansions.
- Saskatchewan is committed to building a solid infrastructure to meet the needs of a growing economy and population.
- Because of its central location, the province is developing into a major distribution centre. The Global Transportation Hub (GTH), located just outside of Regina, is a logistics park that offers world-class infrastructure to allow efficient movement of goods by rail and truck.
- Sastachewan exports totalled $26 billion in 2016 and is Canada’s largest exporter of agricultural products, and exports 90% of its uranium which is responsible for approximately 5% of the electricity generated in the U.S.
- Manufacturing is representing 7% of the province’s GDP; shipments reached $14.3 billion in 2016.
- The province is a leader in petroleum research, biotechnology and life sciences, and sustainable energy research.
- Saskatchwan has a young and well-educated workforce. Youth, aged 15-24 years, accounted for 14% of those employed in the province in 2016 the third highest share in Canada.