Category Archives: Business

Small Businesses in Saskatchewan Make a Big Impact

Saskatchewan’s small businesses contributed almost a third of the province’s gross domestic product in 2016 at 31 per cent.  This information was contained in the 2017 Saskatchewan Small Business Profile, released during the Business Development Bank of Canada (BDC) Small Business WeekTM taking place from October 15-21, 2017.

Small businesses are those with fewer than 50 employees, and account for more than 98 per cent of all businesses in Saskatchewan.  The province has 129 small businesses per thousand people, the highest rate in Canada and above the national average of 105.  Saskatchewan ranks third nationally, for the share of its total economic output generated by small businesses.

“We know that small business in Saskatchewan is actually big business,” Economy Minister Steven Bonk said.  “These enterprises help to grow our economy, create jobs and encourage investment in communities across the province – contributing to the quality of life we all enjoy.”

The theme for this year’s BDC Small Business WeekTM is Future-proof your business: Adapting to technology and demographic trends.  The bank is partnering with Facebook to provide a number of free seminars to entrepreneurs, as part of a Boost Your Business with Facebook series.

In 2016, Saskatchewan’s more than 148,500 small businesses employed 31.1 per cent of the province’s workers and paid out more than $6.2 billion in wages and salaries – 25.7 per cent of the province’s total payroll.  As well, the wages paid in this sector grew by an average of 3.1 per cent, the second fastest growth rate among Canada’s provinces.

“Small businesses are active in almost every sector of the economy, and are a source of innovative products and services that advance our quality of life,” Bonk said.  “The provincial government is committed to creating and maintaining a positive business environment with policies that enable this sector to thrive.”

The Government of Saskatchewan has invested in a number of initiatives, services and programs that support the small business sector.

Some of these include:

  • The Canada-Saskatchewan Job Grant, an employer-driven program which helps employers train new or current employees to meet their specific workforce needs.
  • A highly competitive tax structure which includes tax credits for research and development, as well as for manufacturing and processing equipment expenditures.
  • The Regulatory Modernization and Accountability Act, removes red tape that could be a road block to business, and to remove some of the barriers to growth.  In 2016-17, approximately $6.5 million was saved by businesses through red tape reduction initiatives introduced by the provincial government – part of $65.4 million in savings projected over the next 10 years.

A number of events are taking place across the country during the 2017 BDC Small Business WeekTM.  In Saskatchewan, these include numerous seminars focused on branding and marketing, financial reporting, intellectual property and a host of other topics.  A list of events is available on the BDC website at https://www.bdc.ca/en/small-business-week/events/pages/local-events.aspx.

More details on small businesses and their impact in Saskatchewan can be found in the 2017 Saskatchewan Small Business Profile at http://publications.gov.sk.ca/details.cfm?p=81279.

To learn more about the 2017 BDC Small Business WeekTM, visit the website at https://www.bdc.ca/en/small-business-week/pages/home.aspx.

Source: Government of Saskactewan

Economic Development Committee Looking for Members

Interested in joining Gull Lake’s Economic Development Committee?

We are recruiting a team of motivated, entrepreneurial and community-minded individuals who want to improve economic activity and build a sustainable future for the Town of Gull Lake.

Time Commitment: Monthly Meeting approximately 5 to 10 volunteer hours bi-monthly.

Goals: Create Mission, Vision, and Goals for Gull Lake’s EDC, brainstorm and outline plans to attract new business and promote shopping local.

Create: Organize community events which draw people into shop and use local businesses.  Improve use of downtown business core and support downtown revitalization efforts.

Interested? Please call or email Lindsay at:

306-741-3775 or lindsayalliban@hotmail.com

 

Town Council Appoints Economic Development Officer

Town Council is pleased to announce that Lindsay Aliban has agreed to serve as the Towns Economic Development Officer. Lindsay is the EDO for the village of Hazlet and currently, sits on the Board of Directors for the Saskatchewan Economic Development Association. Lindsay’s professional background and experience make her an excellent candidate for the job. Council has agreed to contract Lindsay for 10 hours a week to and work with her to establish an Economic Development Committee.

Lindsay was invited to the last council meeting to speak to council about economic development opportunities/ideas that she felt would benefit the Town of Gull Lake. She outlined three great ideas that would be of significant benefit to the community:

  1. Build and Economic Development Committee consisting of local business owners, community members, members of the council, students, senior, etc. The Committee will be responsible to increase opportunities for improved economic activity for Gull Lake.
  2. Talk to existing businesses and listen to their needs, wants, and ideas.
  3. Reach out to local Community Organizations to help with things such as Volunteer Recruitment, Event Planning, and create partnerships for employment opportunities and cost sharing (Hiring summer students).

Expect to hear more soon on the Economic Development Committee and the opportunities/projects they will be working on.

Mayor Campbell

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