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Economic News Economic News -- August 8, 2008Estevan RegionCarlyle Estevan Supreme Oilfield is relocating to a new facility recently constructed in the new industrial area located in the RM of Estevan. The building is almost twice the size of the previous building. Office workers are located in the downtown area of the city. (Pipeline News, August 2008) Little VIP, a children's clothing store, has relocated and changed ownership. It will be moving in with Frank's on 4th. Joyce Wallin is the owner of Frank's on 4th and the new owner of Little VIP. (Estevan Mercury, July 30, 2008) Stoughton KO Subs & Ice Cream will be opening in August. Owners are Leona Klassen and Shelley Oxelgren. (Councillor, Town of Stoughton) Weyburn Moose Jaw RegionBelle Plaine Moose Jaw There have been 89 building permits issued for new home construction. That is twice as many as last year at this time. Construction values for new homes in Moose Jaw are up by $12 million, compared to last year and overall permits are up by $17 million. Total permits issued for the year are at 226. (www.discovermoosejaw.com, August 9, 2008) North Battleford RegionNorth Battleford Repair work on the older of the two Battlefords bridges will now not be completed until October 2008; the project of re-painting the bridge began in 2004. The delays are causing frustration to travelers as the bridge is restricted to one lane only with a maximum width of five meters. (Regional Optimist, August 1, 2008) The City has awarded Unicon Pipeline Ltd. of North Battleford the contract for replacing a 1,800 mm storm trunk main sewer. The project is expected to cost $3,888,242 with a completion date of August 1, 2009. (Regional Optimist, August 1, 2008) Dr. P. Vu opened his new dental facility on July 25, 2008. (Regional Optimist, July 25, 2008) The estimated cost of the proposed multiplex facility continues to rise. Latest figures suggest the facility will now cost $46M (and potential to reach $61M), substantially higher than the original $30M suggested when the project began. Both the location of the facility and the building design has been changed as well. (News Optimist, August 6, 2008) Lloydminster Unity Wilkie Northern SaskatchewanLa Loche Prince Albert RegionHumboldt Melfort The growth experienced by Melfort and area over the past year has brought entrepreneurs into town as well. A recent example is the new owners of the Chances R Pub, or as it is now known Eddy's Pub. Doug and Yvonne Eddy took possession of the Main Street landmark on July 7th. They have changed the slogan to: Where good times begin. (The Melfort Journal, August 5, 2008) Nipawin Torch River Rail's grand opening ceremony on July 24th in Choiceland celebrated the start of its operations. Torch River Rail Inc. was created through a co-operative effort between the municipalities of Nipawin, Choiceland, White Fox, the RM of Torch River and 42 other shareholders. The purchase of the railway line from Canadian Pacific was finalized in December 2007. (The Nipawin Journal, July 24, 2008) Prince Albert Tisdale
Regina RegionDafoe Fort Qu'Appelle Indian Head Loblaw Companies Ltd. announced plans to build a $200 million distribution centre about 5 kilometres west of Regina. The 500,000 sq. ft. building is the first phase of a 1,000,000 sq. ft., $350 million warehouse and distribution facility Loblaw plans to build on the site. The distribution centre is expected to employ 750 people within two years and as many as 1,500 by 2017. (Regina Leader Post, July 30, 2008) Developers of a major retail-office-hotel-restaurant project at the old Real Canadian Superstore site in central Regina will be seeking zoning approval at city hall next week. It is anticipated that development would include retail and office space as well as one or more restaurants and a hotel. (Regina Leader Post, August 1, 2008) The number of Regina and area homes sold in July continued to cool from the previous year, but the average selling price set a new record for the month, according to the Association of Regina Realtors. The average price of all residential properties sold, hit $247,262 in July, an increase of 40% from 2007's $176,736. There were 264 homes sold through MLS last month, a decrease of 37% from the record-setting 419 sales recorded in July 2007. (Regina Leader Post, August 6, 2008) The Federal government has given the go ahead for phase 1 of the IPSCO Place revitalization project. All three levels of government are providing $20 million each for the first phase of the project that will see the construction of a new multi-purpose complex that will house six ice sheets. Other upgrades during the first phase include some renovations to the Queensbury Convention centre, additional seating for the Brandt Centre and more parking. Construction on phase 1 is expected to start in 2008 and be complete in 2009. (Service Canada Labour Market Bulletin, July/August, 2008) According to a survey conducted by the Royal LePage real estate firm, the average price of an urban bungalow in Regina increased by 226% over the last ten years. This represents the largest increase in the country for that type of property. (Service Canada Labour Market Bulletin, July/August 2008) A pedway linking Agriculture Place and Conexus Plaza on the 1800 block of Hamilton Street is currently under construction in downtown Regina. The pedway is expected to be operational by November. (Service Canada Labour Market Bulletin, July/August 2008) According to Manpower's employment outlook survey, approximately 27% of Regina employers expect to hire additional staff in the 3rd quarter of 2008. This represents an increase of 10% from the previous quarter, but is 20% below expectations in the same quarter last year. (Service Canada Labour Market Bulletin, July/August 2008) The new 216-cell facility at the Regina Correctional Centre was officially opened on August 6th. The cost of the construction was $51.5 million. (www.gov.sk.ca/news, August 6, 2008) Strasbourg Jerky Boys Meats of Lumsden, recently opened a new location in Strasbourg at 516 Railway Avenue. (Last Mountain Times, July 22, 2008) Wadena Watrous Saskatoon RegionSaskatoon New Businesses: Cava Secreta, Owners: Cameron Rizos and Peter Brown; Chantico Emergency Training and Consulting, Owner: Merilee MacLaggan; Starlab Recording Studio Ltd., Owner: Efren Pereira Jr. (The Star Phoenix, July 26, 2008) Swift Current RegionColeville Gull Lake Studio 3 will be opening in September offering various fitness classes for all ages and levels. (The Gull Lake Advance, August 5, 2008) Maple Creek Maple Creek's dry-cleaning and laundromat businesses have been bought, along with the building that houses them. Clay and Christie Wagner purchased the lot on May 31st. Although the Wagners will continue to operate the laundromat business, they are building rental office spaces where the drycleaner used to be. (Maple Creek News-Times, July 31, 2008) Regional Rosetown Mayor Brian Gerow expects the town to set prices for lots in the new subdivision later this month. Contractors finished burying lines for water, sewer and storm sewer service and put in street curbing for the three cul-de-sacs north of the civic centre. Although services like gas and electricity must still get installed, firms supplying them have given the administration their anticipated costs. (The Rosetown Eagle, August 5, 2008) Swift Current From the City of Swift Current for July, 2008: Yorkton RegionBroadview Grenfell Melville Saskatchewan's only professional firefighter's course is set to open August 5, 2008 with 24 students ready to take the pre-employment training. Students will take the 10 week training course in Melville and finish the live-fire portion in Vermillion, Alberta. (The Melville Advance, July 30, 2008) The Lone Spur Cowboy Gathering will be held at the Melville Agri-Park on August 9 and 10, 2008. Formerly known as the Yorkton Cowboy Festival, this 4th annual event will honour the skill, interest, and horsemanship of the working cowboy. (The News, Yorkton - Ag Days Special Edition - July 12, 2008) Besides the City of Melville celebrating their 100th Birthday, the Melville Millionaires and the United Church both celebrated their 100th Birthday as well. (The Melville Advance, August 6, 2008) CN Rail announced they are donating $250,000 toward the city's proposed $13 million communiplex project in honour of Melville's 100th Birthday. (The Melville Advance, August 6, 2008) Rail City Industries (RCI) has opened a new business venture. Outer Rim Coffee House held a pre-opening on July 29, 2008. The coffee house will offer espresso coffees, Italian sodas, slurpies, team dainties and sandwiches to go. All food will be made at RCI's sheltered workshop. The new business venture hopes to satisfy customer demand and help the non-profit society finance its operation. Although eight summer students set up and operate the coffee shop, it is expected RCI will help train its mentally and physically handicapped clients who are ready to make the transition to the working world. (The Melville Advance, August 6, 2008) SaskatchewanThe Saskatchewan Gaming Corporation (SGC) continues to ensure a high level of sustainable profitability for Saskatchewan residents by posting a net income of $43.8 million over the 2007-2008 fiscal year. The Community Initiatives Fund and First Nations Trust Fund each receive 25% of the net profits, while the remaining 50% are delivered to the provinces General Revenue Fund. (www.gov.sk.ca/news, July 28, 2008) Saskatchewan led all provinces in employment growth in May, and was second only to Alberta in posting the highest increase in average weekly earnings, according to Statistics Canada. Employment grew to 436,400 in May, a 3.8% increase in payroll compared with May 2007. (Regina Leader Post, July 29, 2008) In the provincial governments first quarter financial statements released July 31st, the government is projecting that it will take in $3.1 billion more in revenue than was estimated when the provincial budget passed this spring. The government's total revenue for 2008-2009 is now projected at a record shattering $12.5 billion. (Regina Leader Post, August 1, 2008) According to the Fraser Institute's Global Petroleum survey 2008, Saskatchewan is a preferred choice for oil and gas investment. The survey of international petroleum executives ranked the province the sixth most favourable jurisdiction out of eighty-one in terms of having low barriers to investment in oil and gas exploration and development. British Columbia ranked 19th in the survey, while Alberta ranked 29th. (Service Canada Labour Market Bulletin, July/August 2008) The provincial government plans to provide $500,000 in grants to short line rail companies to assist in bridge repairs in putting gravel under rail ties, in the upgrading switch components, and in other work to stabilize tracks. The grant money which will be matched by the short line rail companies will be shared among six companies, including: Carlton Trail Railway, Great Western Railway, Southern Rails Co-operative, Arborfield Thunder Rail, Fife Lake Railway Ltd., and Red Coat Road and Railway. (Service Canada Labour Market Bulletin, July/August 2008) The Edward Jones financing services company hopes to expand to 88 financing advisers in the province by 2012. The company currently has 24 financial advisers working across the province and believes that there is a need in the Saskatchewan market for investment advice and services. (Service Canada Labour Market Bulletin, July/August 2008) The new Enterprise Region program was announced on August 5th. A REDA Working Group made recommendations to have larger regions based on commuter shed information and natural boundaries such as rivers and road patterns. The current REDA program will officially wind down as of March 31, 2009. (Enterprise and Innovation News Release, August 5, 2008) Bruce Power, a company looking at locating a nuclear power plant in Saskatchewan, hired a company to conduct a survey last month and found that 52% of Saskatchewan people signalled support for nuclear energy, while 39% expressed opposition. Bruce Power intends to wrap up its feasibility study by the end of the year. (Regina Leader Post, August 7, 2008) Saskatchewan's economic growth will lead the provinces this year with a 4.2% increase in GDP, substantially higher than the 3.6% predicted for second place Manitoba. (Regina Leader Post, August 7, 2008) The provincial government has developed a program to disburse the federal allocation of $36.4 million for the Community Development Trust Fund. The 3-year program in Saskatchewan will target communities impacted by the downturn in the forest sector. (www.gov.sk.ca/news, August 7, 2008) Another short-line railway has started hauling producer cars for Saskatchewan farmers. Torch River Railways (TRR) had its grand opening on July 24th. (The Western Producer, August 7, 2008)
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