Economic Development Week spotlights Saskatchewan’s global ambitions

The Government of Saskatchewan is recognizing the province’s strong economic performance by proclaiming May 11 to 17 as Economic Development Week.

The week highlights the role of Saskatchewan’s businesses and economic development organizations in driving investment, job creation and community prosperity.

“The work that our business community has been doing across the province, has led to strong investment and economic growth in recent years,” Trade and Export Development Minister Warren Kaeding said. “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.”

Private capital investment in the province rose by 17.3 per cent last year, reaching $14.7 billion — the highest rate of growth among Canadian provinces, according to the government. Officials say this momentum is helping to create jobs and raise the quality of life for residents.

“Today, we recognize that economic development is an ongoing process rather than a result,” said Verona Thibault, chief executive officer of the Saskatchewan Economic Development Alliance (SEDA). “It is a process that aims to improve socioeconomic wellbeing, resulting in wealth generation, job creation and community renewal. We celebrate leaders and community builders across Saskatchewan who invest their skills and resources to ensure our local and provincial prosperity.”

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The province says it continues to support a competitive business climate and is leveraging its network of nine international trade offices to attract global investment and expand export markets.

Saskatchewan exports have risen dramatically in recent years — from $17 billion in 2007 to an average of nearly $50 billion over the past three years.

Statistics Canada’s most recent GDP figures show Saskatchewan’s real GDP reached an all-time high of $80.5 billion in 2024, a 3.4 per cent increase year-over-year. That growth ranked second among provinces in percentage terms.

As part of the week’s events, the province has also proclaimed May 12 as Indigenous Economic Development Day, recognizing the growing impact of Indigenous businesses and economic participation.

The government says increased Indigenous involvement is helping to create new opportunities and contributing to a stronger economy for all Saskatchewan people.

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