Regina Economic Profile by Economic Development Regina Inc.

Regina Economic Profile

The Regina Advantage May 2016

Table of Contents

This Regina Regional Economic Profile outlines the key economic indicators about the city of Regina, our region, and the province of Saskatchewan as an attractive destination for investment. It also reveals a region with a high quality of life, full of venues and attractions for business and recreational tourists.

Community Profile. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 The Regina Advantage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Location. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Regional Collaboration. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Regina CMA Key Economic Indicators. . . . . . . . . . . . . . . . . . . 19 Corporate Tax Rates and Incentives. . . . . . . . . . . . . . . . . . . . . 23 Regina Municipal Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Regina CMA Demographics. . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Availability of Skilled Labour . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Top Employers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Education, Training, and Research. . . . . . . . . . . . . . . . . . . . . . 33 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Advanced ICT Services. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

2 | The Regina Advantage

Community Profile

“Regina will be Canada’s most vibrant, inclusive, attractive, sustainable community, where people live in harmony and thrive in opportunity.” - Design Regina

City Vision The City of Regina adopted its Official Community Plan, Design Regina, in 2013 providing a vision for growth that will see the city grow to a projected population of 300,000 by 2040. In order to support a solid foundation for this plan, the city also decided upon a set of community priorities, which give direction to the goals of the plan and the policies that will lead to their achievement: • Develop complete neighbourhoods • Embrace built heritage, and invest in arts, culture, sport, and recreation • Support the availability of diverse housing options • Create better, more active ways of getting around • Promote conservation, stewardship and environmental sustainability • Achieve long-term financial viability • Foster economic prosperity • Optimize regional cooperation

3 | The Regina Advantage

Community Profile

Introduction The Regina region is one of the fastest growing in Canada, as new residents attracted by economic, environmental, social, and cultural opportunities move into the area. The GDP of the Regina CMA is forecast to reach 14.23 billion dollars in 2016. Long term projections for the regional economy are unanaimous: Regina and area will experience consistent growth of population and gross domestic product in the years ahead. The economy of Regina is closely aligned with the agriculture, oil & gas, and mining sectors that drive the Saskatchewan economy. The city has historical relationships with companies in those sectors, and enjoys geographic closeness to important resource assets like potash mines and oil fields. There is also a large service sector in Regina including banking and insurance companies, wholesale suppliers and significant transportation and logistics resources including the Global Transportation Hub, the only self-governing multimodal inland terminal in the Canadian prairies, and a foreign trade zone designated facility Regina is home to several large post-secondary educational institutions, including the University of Regina, Saskatchewan Polytechnic, and the First Nations University, the only aboriginal degree-granting university in North America. There is a large and stable pool of labour, not only from within the city boundaries, but also the surrounding area with workers commuting from as far as 45 minutes away, while living in the numerous small communities in the area. The city of Moose Jaw, with a population of 40,000 people is just 40 minutes west of Regina. A strong spirit of collaboration exists between government jurisdictions and business organizations in Regina and region. The city of Regina and its nearby small urban centres and rural municipalities are ready and willing to work together, and to coordinate and co-operate with the provincial government, to assist the process of development and growth in the area. The Regina Region is investment-ready and planning for the future.

4 | The Regina Advantage

Community Profile

About Economic Development Regina Economic Development Regina (EDR) is the lead economic development agency for the City of Regina and region. EDR provides leadership to the community with specific accountability for the following core functions: • Support industry growth and diversification through retention, development and attraction of industry and tourism • Find innovative ways to promote sustainable growth while effectively addressing the challenges of associated with it • Market and promote the Regina region for business and tourism • Ensure the Regina region offers a vibrant and diversified economy for investors, is a positive destination experience for visitors and offers a high quality of life for residents EDR’s Investment Attraction Office provides free, confidential, and customized advice to companies and investors. We are an “investment concierge”, offering business intelligence, path-finding to local resources, and introductions to government agencies as required. EDR provides direct support to entrepreneurs through its Square One business resource office, and delivers services to immigrant investors under the Saskatchewan Immigrant Nominee Program. Research indicates that expansion of existing companies and start-ups are responsible for 99% of the new jobs created in most local economies. In order to maximize the impact of its work, EDR is pursuing a sector development strategy, which currently focuses resources on the growth and development of these key industry sectors: • Fabricated metal manufacturing • Machinery manufacturing • Tourism • Food processing • Events, conventions and tradeshows EDR also operates Tourism Regina, the official destination marketing organization representing Regina and region. It works in collaboration with the Regina region’s tourism sector and industry partners to promote and enhance Regina as a destination experience. economicdevelopmentregina.com

5 | The Regina Advantage

The Regina Advantage

We blend “country life” benefits like clean air, open spaces, and closeness to nature, with “city life” amenities in areas such as education, health care, culture and entertainment, recreation, and shopping.

Regina and region offer an outstanding quality of life.

6 | The Regina Advantage

The Regina Advantage High Incomes + Low Living Costs = Spending Power*

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,080 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,483 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,323 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,886 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $307,609 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25%

25%

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,573 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,003 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,570 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,146 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $287,692 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30%

30%

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,774 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,173 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,742 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,689 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $336,138 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32%

32%

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,260 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,737 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,700 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,697 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $445,220 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34%

34%

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,981 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,011 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,021 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,013 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $281,822 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35%

35%

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,876 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,184 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,999 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,059 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $688,181 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45%

45%

Provincial Taxes & Health Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.478 Utilities and Auto insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,488 Mortgage & Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,298 Total costs*. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,624 Average House Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,093,267 % of Income for Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53%

53%

*Based on annual family income of $75,000.

7 | The Regina Advantage

The Regina Advantage

Advantage: Greenspace Regina is the proud home of Wascana Centre, a 2,300 acre greenspace that cuts through the middle of our city and is one of the largest urban parks in North America. The park includes walking and biking trails, a lake and creek, natural habitat for birds and fish, and an excellent venue for non-powered boating. Wascana Centre hosts over 2,000 outdoor community events each year.

8 | The Regina Advantage

The Regina Advantage

Advantage: Lively Arts Regina has its own symphony orchestra, professional theatre company, music conservatory, community theatre company, Folk festival, Country festival, Blues festival, African festival, and Caribbean festival. Regina hosts concerts and performances by artists of national and international status, at its world class soft-seat theatre and hockey rink venue, as well as its 33,000 seat outdoor stadium. Performers have included: Sir Paul McCartney, The Rolling Stones, Blake Shelton, AC/DC, Erica Badhu, John Mellencamp, B.B. King, Moscow Ballet, Cirque du Soleil and the Three Tenors.

Advantage: Educational Opportunity Students in Regina access Kindergarten to Grade 12 in our Public and Catholic School systems, French immersion schools, as well publicly-funded Christian, Huda, and Montessori schools, and a private residential high school. Graduates can then choose a degree at the University of Regina, and its affiliated college the First Nations University of Canada, or career skills training at Sask Polytechnic and a variety of trade-specific training facilities.

9 | The Regina Advantage

The Regina Advantage

Advantage: Sports and Recreation Regina offers and incredible variety of options for recreation and entertainment, through community-based facilities for all kinds of minor and school sports, and the arts. The Canadian Football League’s Saskatchewan Roughriders, are owned by the community, draw 33,000 fans per game, and boast a rabid following known across Canada as “Rider Nation”. They move into a brand new stadium in 2017. You can also watch Canadian Intercollegiate sports (CIS) and major junior hockey.

And all kinds of outdoor fun, winter and summer!

10 | The Regina Advantage

The Regina Advantage Advantage: Health Care The Regina Quâ&#x20AC;&#x2122;Appelle Health District operates two major hospitals, which between them provide world-class health care in all medical specialties. There is an ample selection of family medical clinics and walk-in facilities spread throughout the community. Free universal medical care, which is available to all Canadians, was first offered in the province of Saskatchewan.

Advantage: Multicultural Canadian society is known as a â&#x20AC;&#x153;mosaic of culturesâ&#x20AC;?, where ethnic roots and traditions are celebrated and welcomed by the entire community. There are vigorous community, cultural, and religious groups representing virtually every country on the planet here.

We come together each June for the three day Mosaic Multicultural Festival, which offers a world tour of food, drink, and entertainment at some 30 festival pavilions scattered across the city.

11 | The Regina Advantage

Location

Reginaâ&#x20AC;&#x2122;s strategic location Regina is the capital of Saskatchewan, located in Western Canada. The population of the Regina Census Metropolitan Area (CMA) is 241,422 with an estimated trade area population of 500,000 people. Land area of the Regina CMA is 3,408.3 square kilometres with a population density of 61.8 people per square kilometre. Thanks to its central location, the Regina region is connected to markets of 5.3 million people within a 800 km radius and 81.3 million people within a 2,000 km radius.

12 | The Regina Advantage

Location

Regina census metropolitan area (CMA)

13 | The Regina Advantage

Location

Driving distance/flying time to major centres City

Distance Miles

Distance Kms

Driving Time

Flight Time

Saskatoon

161

259

2 hours, 37 min.

45 minutes

Winnipeg

355

571

6 hours, 15 min.

1 hour, 5 min.

Calgary

471

758

7 hours, 23 min.

1 hour, 27 min.

Edmonton

486

782

7 hours, 47 min.

1 hour, 48 min.

Minneapolis

743

1196

14 hours, 52 min.

1 hour, 56 min.

Denver

890

1432

14 hours, 52 min.

2 hours, 16 min.

Vancouver

1073

1727

18 hours, 53 min.

2 hours, 23 min.

Chicago

1152

1854

19 hours, 0 min.

4 hours, 46 min.

Phoenix

1580

2543

27 hours, 48 min.

3 hours, 3 min.

Connection to railways and intermodal facilities

14 | The Regina Advantage

Regina International Airport

Regina International Airport (YQR) is southern Saskatchewanâ&#x20AC;&#x2122;s Gateway Airport. YQR links our critical manufacturing, mining, energy, technology and service industries to Canadian and International markets and connects tourists to our great province. Passengers total over 1.26 million annually and many, many more travel in and out of the airport each year. To address this increasing traffic demand YQR has initiated an aggressive capital program to meet the current and future demands of its users and stakeholders. In addition, YQR is investing significantly in the future of southern Saskatchewan with major investments in commercial airside and groundside lease developments. Regina International Airport offers domestic, transborder and international flight services with a continued focus on additional air service connectivity opportunities. YQR is committed to strengthening access to key global markets and understands the economic impact of air service and itsâ&#x20AC;&#x2122; business significance to Regina and southern Saskatchewan. yqr.ca

15 | The Regina Advantage

Regional Collaboration

The Regina region is one of the fastest growing in Canada and it will continue to grow as people, attracted by economic, environmental, social and cultural opportunities, move into the area. The Regina economic region extends well beyond the boundaries of the City of Regina. Production networks inextricably link the potash mines, oil fields and agricultural production in rural areas with the services that are found within the city such as: construction companies; research and development labs; marketing, financial and legal firms; transportation and technical services providers. The region is a source of workers who live in, and commute to, places of employment in the surrounding region, as well as workers who live beyond municipal boundaries but work within the city and surrounding communities. To maximize growth opportunities in the region and throughout southern Saskatchewan, stakeholders are working together to create a stable, sustainable and diverse economy.

Regina CMA Communities City • Regina Towns • White City • Pilot Butte • Lumsden • Balgonie • Regina Beach Villages • Grand Coulee • Pense • Buena Vista • Edenwold • Belle Plaine • Disley Rural municipalities • Edenwold No. 158 • Lumsden No. 189 • Sherwood No. 159 • Pense No. 160 Rural villages • Lumsden Beach

16 | The Regina Advantage

Regional Collaboration

Moose Jaw-Regina Industrial Corridor The Moose Jaw-Regina Industrial Corridor is home to 24% of the provinceâ&#x20AC;&#x2122;s population and generates approximately 23% of Saskatchewanâ&#x20AC;&#x2122;s GDP. The corridor acts as a prime transportation hub featuring major highway and rail links to the east, west, north, and south into the United States. The corridor is a collaboration of the cities of Moose Jaw and Regina, and the Rural Municipalities of Sherwood, Pense, Belle Plain, and Moose Jaw. For industrial and commercial investors, it provides coordination with utilities, highways department, and the provincial government.

White Butte Regional Planning Committee The White Butte Regional Planning Committee is a group of smaller municipalities located immediately east of Regina. The City of Regina works with them bring a regional view to infrastructure planning and construction, in order to enhance opportunities for new development and maximize efficiencies between the municipalities. Key areas of focus include: transportation, recreation, education, fire protection, public works, land use, water treatment and waste water management.

17 | The Regina Advantage

whitebutte.wpmu.gp-inc.ca

Global Transportation Hub

The Global Transportation Hub (GTH) is Canada’s only autonomous and self-governing Inland Port Authority. The GTH is a 1,700 acre development area strategically located at the west end of the city of Regina, offering customized greenfield build opportunities and a logistically superior design. The Global Transportation Hub sits adjacent to the Canadian Pacific (CP) railway mainline and between two national highway system routes providing direct access to all major Canadian ports, Gulf coast ports, and mid-western US ports, as well as trucking connections to all major networks including Trans-Canada, Minneapolis, Chicago, and Mexico. thegth.com

GTH Tenants Canadian Pacific Railway (CP) The new intermodal facility is designed to process up to 250,000 container handlings per year or five times more container handlings per year when compared to CP’s former Regina terminal. Loblaw Group of Companies Canada’s largest food retailer, anchor tenant with a 1,000,000 square foot warehouse, providing food product distribution to western Canadian stores. Consolidated Fastfrate 10,000 square foot cross dock facility, co-located with Canadian Pacific’s intermodal rail yard. Fastfrate has a long term partnership with CP Rail and is the largest boxcar shipper of LTL freight in Canada. The Emterra Group Emterra is the curbside recycling contractor for the City of Regina. They operate a sorting and packing facility. Morguard Investments Limited Provides leased facilities designed for the transportation and distribution sector. Saskatchewan Liquor and Gaming Authority The provincial liquor agency has established a new 145,000 square foot liquor distribution warehouse. SaskPower Saskatchewan’s government power utility is building a Logistics Warehouse Complex consisting of: 221,000 square foot building for nearly 1,100 employees; plus 273,000 square feet of industrial buildings housing shops, warehouses, storage and maintenance areas. Sterling Truck & Trailer Sales, Hornoi Leasing, and S.H. StorPark Inc. Sterling Truck & Trailer has been a staple in the Saskatchewan trucking community for over 40 years while Hornoi Leasing Ltd is one of Canada’s largest leasing operations. S.H. StorPark Inc. provides container transportation, handling, storage and repair services.

18 | The Regina Advantage

Regina CMA Key Economic Indicators Economic forecast 2016-2020 After several years of explosive growth, the economy of Regina will continue to grow at a more modest pace from 2016 to 2020 according to the Conference Board of Canada. • Total Employment to grow by 7,000 jobs • Personal Income Per Capita to rise by 7.8% • Population to rise by 27,000 to 270,000 • Total housing starts of 6,897 over 5 years • Retail sales to increase by 12.4% to $6.3 billion

Real GDP continues to grow every year, by an average of

2.2% Economic Indicators Real GDP at basic prices (2007 $ millions) Percentage change Total employment (000s) Percentage change

2013

2014

2015

2016f

13,660

14,180

14,075

14,235

5.6

3.8

-0.3

1.1

136

137

138

2017f 14,591 2.5 138

2018f

2019f

2020f

14917

15,253

15,667

2.2

2.3

2.7

141

143

145

6.2

0.4

1.0

0.0

0.2

1.9

1.5

Unemployment rate (per cent)

3.8

3.6

4.4

4.9

4.7

4.6

Personal income per capita ($)

47,979

48,257

52,931

52,877

53,189

54,430

55,698

57,026

4.4

0.6

1.9

-0.1

0.6

2.3

2.4

231

238

243

248

254

259

264

270

Percentage change Population (000s)

2.8

2.3

2.1

2.2

2.1

2.0

Total housing starts

Percentage change

3,122

2,223

1,597

1,360

1,259

1,328

1,405

1,545

Retail sales ($ millions)

5,128

5,455

5,500

5,560

5,662 1.8

5,845 3.2

6,058

6,281

4.8

6.4

1.1

2.6

3.7

1.267

1.297

1.338

1.342

1.366

1.394

1.425

1,455

1.7

2.3

1.7

2.2

2.1

2.2

2.1

Percentage change CPI (2002 = 1.0) Percentage change

f = forecast. Sources: Statistics Canada; CMHC Housing Time Series Database; The Conference Board of Canada.

19 | The Regina Advantage

Regina CMA Key Economic Indicators

Labour force characteristics 2015 Workforce 15 years and older, by census metropolitan area City

Population

Labour force

Employment

Unemployment

Unemployment rate

Thousands

Participation rate

Employment rate

Regina

198.1

144.3

138.0

6.3

4.4

72.7

70.4

Halifax

348.7

239.1

224.1

15.0

6.3

68.6

64.9

Montréal

3,354.1

2,228.4

2,040.9

187.4

8.4

66.4

60.7

Ottawa–Gatineau

1,097.8

760.1

710.6

49.5

6.5

69.2

65.1

Toronto

5,106.0

3,417.4

3,176.7

240.7

7.0

66.9

61.5

Winnipeg

653.1

451.7

424.5

27.1

6.0

69.2

63.9

Saskatoon

252.5

180.2

169.7

10.5

5.8

71.4

68.9

Calgary

1,180.8

871.4

815.8

55.6

6.4

73.8

69.7

Edmonton

1,102.3

809.2

761.0

48.2

6.0

73.4

69.3

Vancouver

2,131.1

1,379.5

1,298.5

81.0

5.9

64.7

60.9

303.5

189.0

178.1

10.9

5.8

62.3

58.2

Victoria

Source: Statistics Canada, CANSIM, table 282-0129 and Catalogue no. 71-001-X. Last modified: 2015-05-08.

Regina’s dominant industries, 2014 Class*

Industry

4411-4543

Retail trade

15.6

2311-2329

Construction

13.8

6220

Hospitals

8.1

7221-7224

Food services & drinking places

6.9

9120

Provincial government

6.1

6111

Primary & secondary schools

5.5

4111-4191

Wholesale trade

5.4

5211, 5221-5223, 5231-5239

Finance

4.5

5241-5242, 5261-5269

Insurance carriers & related activities

4.3

6211-6219

Ambulatory health care services

4.3

* North American Industrial Classification System. Source: Statistics Canada.

20 | The Regina Advantage

Employees (000s)

Regina CMA Key Economic Indicators

Real estate New housing market (2015) Single-detached absorptions Growth Average price of absorbed single-detached units Growth

734 -33.3% $529,798 3.0%

Resale housing market (2015) Unit Sales

3,470

Growth

-7.0%

Average Price Growth

$309,000 -1.9%

Apartment market (October 2015) Two-bedroom vacancy rate

4.8%

Average two-bedroom rent

$1,095

Sources: CMHC Housing Time Series Database, Canadian Real Estate Association.

Building permits

Source: City of Regina

21 | The Regina Advantage

Real Estate

Office Rental Rates CBD Class

# of Buildings

Total SF

Vacant SF

Vacancy Rate

Average Net Rate/SF

Occupancy Costs/SF

1,600,775

129,912

7.8%

$24.00

$14.88

1,802,452

335,403

18.6%

$17.50

$14.11

553,360

45,837

8.3%

$14.50

$13.23

Total

4,016,587

510,152

12.70%

---

___

Source: Colliers International

Regina office historical vacancy

Source: Harvard Real Estate Report

Industrial vacancy Indicator

Q2 ’15

Q3’15

YoY

Vacancy CMA

2.4%

2.97%

/\ 100 bps

Net Rent CMA

$11.88

$11.91

Source: Colliers International Market Outlook Q3 2015

22 | The Regina Advantage

Corporate Tax Rates and Incentives

Saskatchewan corporate tax incentives • Refundable 15% tax credit for research and development expenditures • 5% refundable investment tax credit on manufacturing and processing equipment • Manufacturing and Processing Exporter tax incentive provides tax credits for expansion of full time employees over 2014 baseline • The Saskatchewan Commercial Innovation Incentive (also known as a “patent box” or “innovation box”) is a new growth tax re duction that lowers the Corporate Income Tax from 12 to six per cent on income earned on the commercialization of patents into new products by Saskatchewan companies.

23 | The Regina Advantage

Corporate Tax Rates and Incentives

Corporate tax rates Generally, provinces and territories have two rates of income tax–a lower rate and a higher rate. • Lower rate–The lower rate applies to the income eligible for the federal small business deduction. • Higher rate–The higher rate applies to all other income.

Province or territory

Lower rate

Higher rate

Saskatchewan

2.0%

12%

Newfoundland & Labrador

3.0%

14%

Nova Scotia

3.0%

16%

Prince Edward Island

4.5%

16%

New Brunswick

4.0%

12%

Ontario

4.5%

11.5%

nil

12%

Alberta

3.0%

10%

Quebec

8.0%

11.9%

Manitoba

Source: Canada Revenue Agency

24 | The Regina Advantage

Regina Municipal Taxes

2014 estimated commercial property taxes per $1000 of assessment

Source: 2014 Property Tax Rate Analysis, Real Property Association of Canada

25 | The Regina Advantage

Regina CMA Demographics

Population The 2015 estimated total population for the Regina CMA is 241,422 people, according to the postcensal report released by Statistics Canada in July 2015.

Population growth compared to national average 2011 - 2015

11.5% 4.4% Saskatchewan

Canada

11.5%

population growth 2011 - 2015

Regina is one of the fastest growing cities in Canada. Statistics Canada, Annual Demographic Estimates

26 | The Regina Advantage

Regina CMA Demographics

Population by age groups ALL

TOTAL 241,421

MALE 120,626

FEMALE 120,796

0-19 years

56,991

29,252

27,739

20-29 years

39,068

19,931

19,137

30-39 years

37,912

19,580

18,332

40-49 years

30,251

15,496

14,755

50-59 years

32,971

16,617

16,354

60-69 years

23,067

11,258

11,809

70-79 years

12,157

5,384

6,773

80 + years

9,005

3,108

5,897

Source: Statistics Canada CANSIM table 051-0056 2015

27 | The Regina Advantage

Regina CMA Demographics

Population migration

International

Canada

Source: Conference Board of Canada

Reginaâ&#x20AC;&#x2122;s population growth has largely benefited from international migration and an increase in interprovincial migration Source: Conference Board of Canada

Median income in Regina grew 12.1% from 2009 to 2014

$93,670 $76,550

Median family income in Regina ranks fourth among Canadaâ&#x20AC;&#x2122;s major cities Source: Statistics Canada CANSIM, table 111-0009

Regina

Canada

Source: Statistics Canada CANSIM Table 111-0009

28 | The Regina Advantage

Availability of Skilled Labour

Experienced labour force All occupations

110,625

Management occupations

10,600

Business, finance, and administrative occupations

24,250

Natural and applied sciences and related occupations

7,245

Health occupations

6,925

Social service, education, government service and religion occupations

10,415

Art, culture, recreation and sport occupations

3,430

Sales and service occupations

27,675

Trades, transport, equipment operators and related occupations

15,380

Occupations unique to primary industry

2,440

Occupations unique to processing, manufacturing and utilities

2,260

Source: Statistics Canada, 2006 Census

Post-secondary educational attainment-Saskatchewan

29 | The Regina Advantage

Availability of Skilled Labour

Employment growth From 2016-2020 the Conference Board of Canada predicts that the Regina economy will create 7,000 new jobs.

From April 2014 to April 2015, the Regina CMA gained 2,400 jobs, a

2.4% increase. Source: Statistics Canada

Average weekly earnings N.A. Industry Classification System (NAICS)

2013

2014

2015

2013

Saskatchewan Industrial aggregate excluding unclassified businesses (11-91)

2014

2015

Canada

945.59

975.36

981.61

911.28

935.31

952.11

Goods producing (11-33)

1,332.90

1,405.91

1,390.91

1,173.65

1.217.78

1,221.68

Mining, quarrying, oil & gas extraction (21)

1,859.87

2,023.73

1,924.79

1,879.33

2,048.30

1,985.31

Utilities (22, 221)

---

1,652.08

1,777.89

1,790.22

Construction (23)

1,218.91

1,252.54

1,248.69

1,187.73

1,224.44

1,212.71

Manufacturing (31-33)

1,055.64

1,097.23

1,119.51

1,023.52

1,044.18

1,078.95

Service producing industries (41-91)

859.68

881.66

896.09

851.14

871.01

891.64

Trade (41-45N)

729.70

762.32

772.02

684.73

704.89

726.72

Transportation & warehousing (48-49)

1,076.73

1,117.80

1,143.53

969.96

1,004.82

1,032.15

Information & cultural industries (51)

1,051.77

1,132.33

1,091.16

1,136.38

1,168.60

1,209.96

Finance and insurance (52)

1,009.43

1,077.60

1,097.14

1.111.93

1.166.92

1,210.34

Real estate, rental & leasing (53)

1,006.26

1,026.00

1,042.64

868.48

932.36

939.44

Professional, scientific & technical (54, 541)

1,211.11

1,220.07

1,302.80

1.274.06

1,308.06

1,335.80

Management of companies & enterprises (55, 551)

1,064.86

1,108.80

1,163.17

1,253.47

1,335.28

1,414.15

Admin & support, waste management & remediation (56)

738.09

697.81

750.68

749.97

751.87

774.13

Education services (61,611)

891.94

900.21

1,031.60

988.18

982.77

1,005.51

Health care & social assistance (62)

891.94

900.21

897.31

833.71

853.82

868.41

Arts, entertainment & recreation (71)

531.71

554.88

558.66

562.61

581.54

573.59

Accommodation & food services (72)

366.16

368.96

364.72

362.38

371.36

374.77

Other services (except public admin) (81)

784.56

770.36

765.07

751.61

755.53

771.09

1,100.33

1,155.30

1,195.08

1,177.38

1,201.07

1,226.88

Public administration (91) Source: Statistics Canada, CANSIM: 281-0027

30 | The Regina Advantage

Availability of Skilled Labour

Labour force survey estimates Wages

Total employees, all wages (persons x 1,000)

Average hourly wage rate

Average weekly wage rate

Median hourly wage rate

Median weekly wage rate

Job permanence

2015

2016

October

November

December

January

Total employees (x 1,000)

472.3

471.3

464.9

455.9

Permanent employees (x 1,000)

414.8

416.0

414.3

407.0

Temporary employees (x 1,000)

57.5

55.3

50.7

48.9

Total employees

25.82

26.18

26.65

27.00

Permanent employees

26.40

26.64

27.09

27.44

Temporary employees

21.64

22.71

23.04

23.40

Total employees

967.28

968.91

993.28

1,003.31

Permanent employees

1,003.10

1006.22

1,026.54

1,040.04

Temporary employees

708.83

688.26

721.34

697.77

Total employees

22.78

23.00

23.08

24.00

Permanent employees

23.09

24.00

25.00

Temporary employees

19.43

20.00

Total employees

865.20

863.36

880.00

920.00

Permanent employees

900.00

920.00

960.00

Temporary employees

600.00

587.75

Source: Statistics Canada. Table 282-0073.

31 | The Regina Advantage

Top Employers

2015 top 10 private sector employers in Regina Rank

Business Name

Business type

# of Employees

The Mosaic Company

potash, borate, and soda mining

2,324

Brandt Group of Companies

industrial equipment manufacturing

1,800

Evraz Inc.

steel plant

1,500

Conexus Credit Union

personal banking

900

ISM

IT services

882

Co-op Heavy Oil Upgrader

oil refinery

800

Thyssen Mining Construction of Canada

mining technology

800

Co-operators Life Insurance

insurance brokerage

750

Loblaws - Global Transportation Hub

storage and logistics

600

Staples Call Centre Inc.

call centre

400

2015 top 10 public sector employers in Regina Rank

Business Name

Business type

Regina Quâ&#x20AC;&#x2122;Appelle Health Region

health care

8,947

Saskatchewan Public Service

provincial government

8,453

SaskTel

telecommunications

4,000

Sask Power Corp.

electrical utility

3,394

City of Regina

municipal

2,700

Saskatchewan Government Insurance

insurance brokerage

2,145

Regina Public School Board

education

2,045

University of Regina

education

1,850

Innovation Place Research Park

30 research & development tenants

1,225

Sask Energy Inc.

natural gas distribution

1,100

32 | The Regina Advantage

# of Employees

Education, Training, and Research

University of Regina The University is home to 10 faculties and 25 academic departments which have established reputations for excellence and innovative programs leading to bachelorâ&#x20AC;&#x2122;s, masterâ&#x20AC;&#x2122;s, and doctoral degrees. In the Fall 2015-16, a total of 14,360 full-time and part-time undergraduate and graduate students enrolled at the University, including three federated colleges: Campion College, First Nations University of Canada, and Luther College. The University offers specialized programs in a number of areas including journalism, social work, media production and studies, actuarial science, petroleum engineering, fine arts, software systems, education, police studies, health studies, public policy, business administration, and many others. The undergraduate Petroleum Systems Engineering Program is one of the largest in North America. The U of R was the first university in Western Canada to offer a cooperative education program, meaning graduates leave the campus prepared to succeed in the world. The Cooperative Education & Internships Program is available in arts, business administration, engineering and science (computer science, physics, chemistry and biochemistry, and mathematics and statistics including actuarial science internships). uregina.ca

The University of Reginaâ&#x20AC;&#x2122;s main campus and historic original College Avenue campus, covering 930 acres, provide an attractive study and work environment for students, faculty and staff.

33 | The Regina Advantage

Education, Training, and Research

First Nations University of Canada

The First Nations University of Canada is a First Nations’ controlled university-college which provides educational opportunities to both First Nations and non-First Nations university students selected from a provincial, national and international base. In May 1976, the Federation of Saskatchewan Indian Nations entered into a federation agreement with the University of Regina, to establish the Saskatchewan Indian Federated College (SIFC). The Agreement provided for an independently administered university-college, the mission of which is to serve the academic, cultural and spiritual needs of First Nations’ students. In 2003, the Saskatchewan Indian Federated College officially changed its name to the First Nations University of Canada (FNUniv). The FNUniv now maintains an average annual enrolment of over 3000. It offers academic programs in a wide variety of disciplines, from Business and Public Administration to Indigenous Arts and Health. The First Nations University of Canada provides an opportunity for students of all nations to learn in an environment of First Nations cultures and values. With the diversity and scope of the First Nations degree programs, the university occupies a unique role in Canadian higher education. The university promotes a high quality of education, research and publication. Since 1983, the university has entered into over twenty-five agreements with Indigenous peoples’ institutions in Canada, South and Central America and Asia and signed agreements with academic institutions in Siberia (Russia), Inner Mongolia (China) and Tanzania. The university has been a member of the Association of Universities and Colleges of Canada (AUCC) since 1994. fnuniv.ca

34 | The Regina Advantage

Education, Training, and Research

Saskatchewan Polytechnic

Over 40 years ago post-secondary technical/vocational education was established in Regina when the Government of Saskatchewan established the Saskatchewan Institute of Applied Arts and Sciences (SIAAS). That institution later became known as the Saskatchewan Institute of Applied Science and Technology, or SIAST. SIAST was reorganized and renamed as Saskatchewan Polytechnic in 2014. Saskatchewan Polytechnic serves 26,000 distinct students through applied learning opportunities at campuses in Regina and four other cities, and through extensive distance education opportunities. Programs serve every economic and public service sector including construction trades, business administration and accounting, hospitality industry management, and health care careers. As a polytechnic, the organization provides the depth of learning appropriate to employer and student need, including certificate, diploma and degree programs, and apprenticeship training. Students receive technical training that offers appropriate credentials in applied fields, including degrees, apprenticeship training, diplomas and certificates. All programs are based on labour market needs. Curriculum is developed through consultation with industry. Applied research partnerships help employers access funding and find solutions to real-world problems. saskpolytech.ca

35 | The Regina Advantage

Education, Training, and Research

Saskatchewan Indian Institute of Technologies Saskatchewan Indian Institute of Technologies (SIIT) has been in existence since 1976, offering training and education programs to First Nations adults in Saskatchewan. SIIT’s programming mixture has evolved to include certified technical, vocational, and trade programming. Regina Trades and Skills This is a new initiative to help develop new skills in the labour market. Students are taught by experienced tradespeople. As a result, employers are hiring entry level workers with a small learning curve, thus spending less time training new employees. University of Saskatchewan The University of Saskatchewan, in Saskatoon, 230 km from Regina, offers a wide variety of programs and courses: agriculture and bioresources, arts and science, biotechnology, business, dentistry, education, engineering, graduate studies and research, kinesiology, law, medicine, nursing, pharmacy and nutrition, physical therapy and veterinary medicine. In addition, the University’s affiliated colleges and Centre of Continuing and Distance Education offer degree programs, certificates, and training programs. Affiliated colleges allow students to complete the first two years of a Bachelor of Science or Bachelor of Arts degree, and some offer full degrees in Education, Native Studies, and Theology. Gabriel Dumont Institute of Native Studies and Applied Research The Gabriel Dumont Institute of Native Studies and Applied Research is the educational arm of the Métis Nation of Saskatchewan. The Institute is the only wholly Métis owned and controlled education institution of its kind in Canada.

36 | The Regina Advantage

Education, Training, and Research

Innovation Place is home to approximately 30 tenants in six buildings, employing more than 1,200 people.

Innovation Place The 78-acre group of buildings comprising Innovation Place was established in 2000. It emphasizes collaborative university and industry research in the areas of information technology, petroleum, and environmental science, and has produced world-leading research and development projects. Some current tenants include: Information Systems Management Canada Corporation (subsidiary of IBM Canada); the Government of Saskatchewan Information Technology Office (Operations Division); the Petroleum Technology Research Centre; GB Internet Solutions; Titanium Corporation; Greenhouse Gas Technology Centre; Information Services Corporation; Mera Technologies; the Saskatchewan Disease Control Laboratory building, and numerous start-up companies in the IT sector. innovationplace.com/regina

37 | The Regina Advantage

Utilites

SaskPower Owned by the Saskatchewan government, SaskPower operates three coal-fired power stations, seven hydroelectric stations, six natural gas stations, and two wind facilities, generating 3,513 megawatts of electricity. In 2015 SaskPower launched the first commercial-scale carbon capture and storage facility at a coal fired generator in North America. To address future demand SaskPower will add approximately 1,300 MW of capacity to the system by 2017. SaskEnergy / TransGas Also government owned, SaskEnergy delivers natural gas to more than 365,000 residential, farm, commercial, and industrial customers. They purchase natural gas from independent suppliers and transport it through a 68,100 kilometre pipeline system to 93% of Saskatchewan communities. SaskEnergy sets its rate each fall using the forward 12 month price for natural gas, with adjustment in April. SaskWater SaskWater is a government corporation that helps communities and industry gain access to reliable water supplies and professional water and waste water management services. Currently they serve 63 communities, 81 pipeline groups, seven rural municipalities and 15 industrial end users.

Saskatchewan Turnkey Program To support the provinceâ&#x20AC;&#x2122;s booming economy and growth, SaskEnergy, SaskPower and SaskTel, along with local cable providers, have partnered to introduce the Saskatchewan Turnkey Program. The program is a new approach to the design and construction of shallow underground utility services. This process empowers subdivision developers by giving them more control over their schedules and provides timely, cost-effective and coordinated service to residential customers that includes the installation of gas, electric, telephone and cable lines in a common trench.

38 | The Regina Advantage

Advanced ICT Services

SaskTel Largest 4G LTE (Long Term Evolution) network in Canada. 4G LTE is currently available in Regina, including Deer Valley, Lumsden, Pense, Pilot Butte, and White City. SaskTel 4G wireless network covers over 98% of Saskatchewanâ&#x20AC;&#x2122;s population.

Rogers Communications Rogers Communications has GSM/Edge service in most of Saskatchewan this technology is limited to speeds of 120 kilobits per second, which is only twice the speed of dial-up. LTE service (75 Mbps) is available for Regina and Saskatoon.

Telus Communications Telus Communications offers 4G LTE service in both Saskatchewan and Canada. The company is planning to expand the network speed to 150Mbps in the near future. Currently, Telus offers a downloadspeed of up to 75 Mbps with expected average speeds of 12â&#x20AC;&#x201C;25 Mpbs. Fastest service is in the Regina and Saskatoon regions.

Access Communications Access Communications is non-profit cable television, internet and phone service co-operative that is Saskatchewan owned and operated. Access Communications offers several data packaes for both residential and commercial users throughout Saskatchewan including the Regina CMA.

Bell Canada Higher speed service is available in the Regina and Saskatoon regions. Lower service levels are available throughout the Province.

39 | The Regina Advantage

About EDR

How can we help? At EDR, we are passionate about supporting investors to make the most of the opportunities in our region. EDR’s Investment Attraction Office provides free, confidential, and customized advice to companies and investors. We are an “investment concierge”, offering business intelligence, path-finding to local resources, and introductions to government agencies as required. EDR provides direct support to entrepreneurs through its Square One business resource office, and delivers services to immigrant investors under the Saskatchewan Immigrant Nominee Program. Regina is among the leading metropolitan areas for economic growth in Canada and EDR can connect you to a diverse range of enterprises and new initiatives. Connect with one of EDR’s knowledgeable specialists to receive additional site selection information, relevant economic data and potential emerging trends in the region. EDR is here to help you succeed.

Contact us Michael Zaplitny, Manager, Investment Attraction P: 306-789-5099, Ext. 227 E: MZaplitny@economicdevelopmentregina.com

@EcDevRegina

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