Saskatchewan is marking Economic Development Week from May 11-17, celebrating major strides in private sector growth, international trade, and business investment across the province.The province says the week recognizes the vital role played by local businesses and economic development groups in strengthening the economy and creating jobs. Trade and Export Development Minister Warren Kaeding credited Saskatchewan’s low tax rates, clear regulations, and tailored support for attracting investment.“The work that our business community has been doing across the province has led to strong spending and economic growth in recent years,” Kaeding said in a release. “Businesses and investors are choosing Saskatchewan.”.Private capital spending jumped by 17.3% last year to $14.7 billion — the highest growth rate among provinces — and helped create new jobs and opportunities for Saskatchewan residents. The province’s exports have also soared, rising from $17 billion in 2007 to an average of nearly $50 billion over the past three years.Statistics Canada reports that Saskatchewan’s real GDP hit a record $80.5 billion in 2024, a 3.4% increase over the previous year. That ranks second in the country for year-over-year percentage growth.Verona Thibault, CEO of the Saskatchewan Economic Development Alliance, said economic development is a long-term process tied to job creation and community renewal..“We celebrate leaders and community builders across Saskatchewan who spend their skills and resources to ensure our local and provincial prosperity,” she said.As part of the week’s celebrations, May 12 has been declared Indigenous Economic Development Day, recognizing the growing role of Indigenous businesses in shaping Saskatchewan’s future.The province’s international network of trade offices continues to play a key role in attracting global investment and opening new markets for Saskatchewan-made goods.
