Saskatchewan celebrates the significant contributions that industry and business make to the province’s economy by declaring May 8-12 as Economic Development Week.
Saskatchewan’s economic development and its contribution to the province’s growth are recognized during Economic Development Week.
“Our nearby organizations really buckle down each day to help development that works for everybody, and financial backers all over the planet are answering what we bring to the table,” Exchange and Product Advancement Clergyman Jeremy Harrison said. ” Saskatchewan continues to be the best place in the world to live, work, and raise a family, with projects worth more than $13 billion announced in our province over the past few years.”
In Saskatchewan, businesses and communities boost the economy, improve the quality of life for residents, and create better jobs. It adopts an essential strategy and collaboration to exploit financial open doors. During Economic Development Week, efforts, a shared vision, and dedication in the vital field of economic development can be highlighted.
Verona Thibault, Chief Engagement Officer for the Saskatchewan Economic Development Alliance (SEDA), stated, “This week is an opportunity to reinforce the inclusive nature of economic development.” We typically associate it with the capacity of a community or region to generate wealth and employment opportunities. The fact that economic growth brings about well-being, improved quality of life, and opportunities to realize one’s full potential is less well-known.
Statistics Canada’s most recent economic indicators show that Saskatchewan’s economy is still doing well. Saskatchewan saw the highest increase among provinces, with a 5.7% increase from 2021, according to the 2022 Real Gross Domestic Product report, which was released earlier this month. Wholesale trade increased by 30.3% in March 2023, while merchandise exports rose by 13.4%. In terms of employment, Saskatchewan added 5,600 jobs in April 2023, an increase of 4.8% over April 2022.
In order to encourage increased economic growth in the province, the government of Saskatchewan is committed to creating an environment for business that is competitive. Businesses looking to make an investment in Saskatchewan can take advantage of a number of incentives and resources.