REGINA — Economic Development Week, May 11 to 17, focuses on the crucial role of Saskatchewan businesses and economic development organizations in increasing and creating opportunities in the province.
Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces for growth, according to Sask. Trade and Export Development.
"Today, we recognize that economic development is an ongoing process rather than a result," SEDA chief executive officer Verona Thibault said.
"It is a process that aims to improve socioeconomic wellbeing, resulting in wealth generation, job creation and community renewal. We celebrate leaders and community builders across Saskatchewan who invest their skills and resources to ensure our local and provincial prosperity."
The value of Saskatchewan exports increased from $17 billion in 2007 to nearly $50 billion on average over the past three years.
Statistics Canada's latest GDP numbers also indicate that Saskatchewan's 2024 real GDP reached an all-time high of $80.5 billion. This represents an increase of 3.4 per cent, which ranks second in terms of percentage change among the provinces.
As part of Economic Development Week, May 12 is Indigenous Economic Development Day. The day highlights the impact that increased Indigenous participation in the provincial economy has on creating jobs and opportunities.
