Your business benefits from our city’s ideal mix of high quality of life, economic activity and market access when you choose Edmonton as a partner.
→ A STABLE, LOW COST BUSINESS ENVIRONMENT
Canada leads the G7 group of countries in economic performance, and has for the last decade due to fiscal prudence, a stable economy, a stable government and a safe security environment.
Edmonton benefits from Alberta’s extremely low personal and corporate tax rates, among the lowest in North America, and the absence of an Alberta sales tax.
KPMG ranks Canada as the number one tax competitive jurisdiction in the world, and Edmonton as the number one tax competitive city in Canada.
→ ONE OF CANADA’S FASTEST-GROWING CITIES
Since 2010 Edmonton has consistently been one of Canada’s fastest growing economies. On average from 2010 to 2014 Edmonton’s manufacturing industry grew by 6.5% per year, by far the fastest growth rate among Canada’s major cities.
Edmonton is among the top 3 cities in Canada in terms of population growth, net migration, and average incomes, in addition to being one of the youngest cities by median age in Canada.
→ THE CENTRE OF BILLIONS OF DOLLARS IN LONG-TERM INVESTMENT
Proximity to Alberta’s oil sands and strong demographics means that Edmonton is surrounded by very high levels of investment. Recent projections expect the oil sands to require nearly $1.2 trillion worth of capital and operating expenditure between now and 2030, and the Edmonton region experiences close to $3 billion in non-residential construction investment annually.
Between now and 2020, downtown Edmonton is expected to see over $5 billion invested in the development of residential towers and retail spaces, office towers, new hotels, educational institutions, arts and culture facilities and light rail transit.
Edmonton is a major hub for economic activity in Canada’s Arctic and northern region, which is home to billions of dollars in current and future mining investment. It is the only city with direct flights to all major populated centres in the Yukon, Northwest Territories and Nunavut.