The week, observed from May 11 to 17 across Saskatchewan, highlights the contributions of local businesses and economic development organizations in driving growth and creating opportunities. As part of the celebrations, May 12 was also designated as Indigenous Economic Development Day, recognizing the significant role Indigenous participation plays in strengthening the provincial economy, generating jobs, and enhancing prosperity for all residents.
Monica Osborn, executive director of the Weyburn Regional Economic Development (WRED), said economic development extends beyond attracting businesses.
“It’s about creating opportunities for people to succeed whether that’s starting a new business, finding meaningful work, or choosing Weyburn a place to call home,” she said. “It’s about building a strong vibrant community where investment, innovation and quality of life go hand-in-hand.”
Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces for growth.
"The work that our business community has been doing across the province, has led to strong investment and economic growth in recent years," said Trade and Export Development Minister Warren Kaeding in a prepared statement Monday. "Businesses, and investors, are choosing Saskatchewan because of our low tax rates, our transparent regulatory environment and the strong suite of incentives with personalized support that we offer."
Additionally, Statistics Canada reported that Saskatchewan’s real GDP hit a record $80.5 billion in 2024, marking a 3.4 per cent increase—the second-highest growth rate in the country.
