2017 has been kind to the economy in Saskatchewan’s capital.
Economic growth increased steadily another year, with the economy expected to grow by 2.5% in 2018, according to the Conference Board of Canada.
Economic Development Regina President and CEO John Lee says the continual growth in two important sectors are key pieces to fuelling the city’s continued economic growth.
“Growth within the Regina area has been steady,” he says.
Lee says a big reason why the economy in the capital region is strong due to the diversified economy and the emergence of the value added agricultural sector, which he says is going to be one of main fuel sources driving Regina’s economic growth.
“Companies that will actually look at taking the agriculture we produce and actually starting to look at ways we can market, package and produce value added agricultural food products from the Regina area, right to export markets.”
Lee also points out that as the population grows, which stats show it will, the economy will go with it.