March 07, 2016

Saskatchewan's Strong Economy Continues to Attract New Investment

With a strong and diversified economy and a business-friendly environment, Saskatchewan continues to welcome new investment at a time when there are global economic challenges.

“Saskatchewan has a strong, resilient economy that is weathering economic uncertainty,” Premier Brad Wall said.  “Although there are pressures in the energy sector, we continue to welcome new business investment that is creating jobs and opportunities for Saskatchewan families.”

The province has seen several announcements in the last few weeks, including:

  • Edgewood Forest Products, Carrot River –grand opening of a $25 million saw mill expansion expected to employ 50 people;
  • Crescent Point Energy – announced it will spend about 90 per cent of its projected $1.3 billion capital budget in 2016 in Saskatchewan;
  • Husky Energy – More than $1 billion invested in Saskatchewan related to heavy oil thermal projects creating approximately 90 fulltime jobs and 500 construction jobs;
  • Weil Group - building a $10 million helium project in Mankota that will revive the industry in the province;
  • RII North America - constructed a $60 million buzzard downhole stream enhanced oil recovery operation near Lloydminster; and
  • SkipTheDishes – expanding operations in Saskatoon by up to 300 positions in the next three years with the support of training dollars from the province. SkipTheDishes is based in Saskatchewan and operates across North America.  It has developed technology that allows restaurant patrons to go online to place an order and have it delivered.

 “These projects and others demonstrate the confidence entrepreneurs and businesses continue to have in Saskatchewan,” Wall said.  “Our province has experienced extraordinary growth during the last eight years and we are poised for future growth, thanks to our rich storehouse of natural resources, our innovative businesses, hard-working people and competitive business environment.”