Saskatchewan Proclaims 13th Annual Manufacturing Week
The Government of Saskatchewan has proclaimed November 26 to 30 as Saskatchewan Manufacturing Week. The week, celebrated in partnership with industry associations and businesses, provides the opportunity to highlight the economic significance of the sector to Saskatchewan, and to showcase the successes achieved by businesses and communities. This year marks the 13th annual proclamation of the week, since 2006.
“Saskatchewan’s manufacturers are innovative and entrepreneurial, achieving many world firsts in mining machinery, dry-land farming equipment, satellite communication technology and other areas,” Trade and Export Development Minister Jeremy Harrison said. “We are proud of this globally competitive sector and its many diverse businesses which export our province to the world.”
Accounting for seven per cent of the province’s gross domestic product, Saskatchewan’s manufacturing shipments increased by 54 per cent between 2007 and 2017, totalling $16 billion last year alone. The sector employs about 28,000 people who work in the province’s rural and urban communities manufacturing products for the agriculture, oil and gas, mining and technology sectors of the province.
The Government of Saskatchewan continues to support the province’s manufacturing sector through incentives that offer competitive advantages, including:
- a corporate income tax as low as 10 per cent on manufacturing and processing exporter and processing profits—the lowest in Canada;
- the Saskatchewan Commercial Innovation Incentive—the first “patent box” style incentive of its kind in North America;
- manufacturing and processing exporter hiring tax incentives; and
- provincial tax exemptions for eligible machinery, equipment and materials.
Various events and activities are scheduled to take place throughout the week, to raise awareness of the sector within Saskatchewan, promote business opportunities to a national audience and highlight the many skills needed for manufacturing as a viable career choice for young people.
To learn more about manufacturing in Saskatchewan, please visit http://www.saskatchewan.ca/business/investment-and-economic-development/key-economic-sectors/manufacturing.