SASKATOONEXPRESS - April 15-21, 2013 - Page 11
Business Excellence
Find us on: #InvestSREDA The Saskatoon Regional Economic Development Authority (SREDA) is very proud of the community it serves. SREDA’s three main goals are to retain and ĞdžƉĂŜĚ ĹŻĹ˝Ä?Ä‚ĹŻ Ä?ĆľĆ?Ĺ?ŜĞĆ?Ć? Ĺ?Ĺś ĆšÄ‚ĆŒĹ?ĞƚĞĚ Ć?ÄžÄ?ĆšĹ˝ĆŒĆ?Í• ƚŽ Ä‚ĆŠĆŒÄ‚Ä?Ćš ĹśÄžÇ Ĺ?ŜǀĞĆ?ƚžĞŜƚ Ĺ?Ĺś ĨŽÄ?ĆľĆ? Ä‚ĆŒÄžÄ‚Ć?Í• ĂŜĚ ƚŽ ĞŜĆ?ĆľĆŒÄž ƚŚĞ ^Ä‚Ć?ŏĂƚŽŽŜ ĆŒÄžĹ?Ĺ?ŽŜ Ĺ?Ć? ƚŚĞ ƉůĂÄ?Äž ƚŽ ĹŻĹ?ǀĞ͕ Ç Ĺ˝ĆŒĹŹÍ• Ĺ?ŜǀĞĆ?Ćš ĂŜĚ Ć‰ĆŒĹ˝Ć?Ć‰ÄžĆŒÍ˜ tÄž Ä‚ĆŒÄž Íž ĞůĞÄ?ĆŒÄ‚Ć&#x;ĹśĹ? 'ĆŒĹ˝Ç ĆšĹšÍ&#x; ĆšĹšĆŒĹ˝ĆľĹ?Ĺš ƉĂĆ?Ćš Ć?ĆľÄ?Ä?ÄžĆ?Ć?ÄžĆ? ĂŜĚ ƚŚĞ ĹśÄžÇ Ĺ˝Ć‰Ć‰Ĺ˝ĆŒĆšĆľĹśĹ?Ć&#x;ÄžĆ? ƚŚĂƚ ĹśĹ˝Ç ĹŻÄ‚Ç‡ Ä‚ĹšÄžÄ‚ÄšÍ˜
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Mining and Manufacturing the key drivers of Saskatoon’s economy The Mining and Manufacturing sector play a vital role in Saskatchewan’s economy, contributing in excess of $40 billion to the province’s economy annually. Saskatoon, more so than any other region in the province, has benefited greatly from the strength of these two sectors. In fact, the Primary and Utilities Industries, which includes Mining and the Manufacturing sector account for 23 per cent of the city’s yearly GDP, and Saskatoon Regional Economic Development Authority’s Chief Executive Officer Tim LeClair calls it the “backbone� of Saskatoon’s economy. The province began mining for uranium and potash in the 1950s and 1960s, although it is only recently that the success of these ventures has come to the public’s attention. David Doerksen, SREDA Board Member and Vice-President for Taxes, Treasury and Corporate Strategy for Cameco says that the reason for the stability and success of the industry, especially when considered with a focus on those two commodities, comes down to “supply and demand.� “We are always going to need energy and food. The outcome for mining potash is a lot less cyclical than with oil and gas or precious metals.� The province has many decades worth of deposits in both potash and uranium as yet un-tapped. What this means for the city, says LeClair, is an industry that is not only “stable, but sustainable and expanding.� As the mining industry grows and expands, so ML41439.D15 does the manufacturing sector that is vital Mary to support it. He adds that many of the
manufacturing firms in the city that started out in support roles to mining are now branching out and designing and manufacturing for the Oil Sands, the oil and gas industry, and are even getting involved in ship building at the docks in Halifax and Vancouver. In addition, says LeClair, the strong success of all areas of this sector means that there is now also a greater public awareness of the importance of these industries. SREDA has a firm commitment to help the mining and manufacturing sectors stay on pace to not only meet demand, but to explore new areas and new possibilities in a way that sees all needs being met. “We want to see further expansion n the industry, but also ensure stability and sustainability across the supply chain,� LeClair explains. “We want to see opportunities grow at home, and not export the boom at the expense of local industries. At the same time,� he continues “we want to see new markets opened up. We need to realize that Saskatoon is not an island. So we need to build to a point where we can both fulfill all local needs, but also meet new challenges in other places.� To fulfill this commitment, SREDA has been tireless in both promoting the city as a place to work and do business to potential investors and to potential skilled trades people. They have done this both by travelling all over the world to recruit new opportunities and people, and by designing and hosting websites which detail what Saskatoon has to offer as a place to work and live.
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Tim LeClair, President and CEO of SREDA LeClair says the efforts are all paying off, and that there are a number of new ventures slated to take place in the next 20 years in the province. In fact, the planned expansions of existing sites and exploration for new ones will bring about, according to LeClair, “the most exciting 12-15
years the industry has ever seen.� And with the excitement will come ever increasing opportunities for Saskatoon. You can find out more about SREDA or about doing business and living in Saskatoon by going to http://sreda.com/ or http://www.livingsaskatoon.com/.