Red Deer Economic and Demographic Profile
- The Red Deer Corridor is
Canada's Economic Capital.
Red Deer's central location, growing economy and
competitive advantage are just a few of the reasons the Red
Deer Region is Canada's Economic Capital. Active citizens,
innovative entrepreneurs and large and small businesses are
thriving in Red Deer.
- Location, Location,
Location
Located in the heart of Alberta's beautiful parkland and
midway between the two major cities of Calgary and Edmonton,
Red Deer is Central Alberta's trading and distribution
centre.
- Largest Market in
Prairies
Red Deer's central location gives it the distinction of
being the only city in the Canadian prairies with a
potential market of over two million people within a 160
kilometer radius. The trade area has grown to over 200,000
people.
- Active & Energetic Labour
Force
An active labour force and a wide range of educational
opportunities including apprenticeship training, vocational
training and university transfer and degree programs help
ensure a diverse, skilled and active labour force.
- No Business Tax
City Council's elimination of Red Deer's business tax
adds to the competitive business environment.
- Low Combined Tax &
Utility Rates
Red Deer's combined property tax and utility rate
consistently ranks among the lowest of the major cities in
the province.
- Diversified Economy
A growing manufacturing industry, a strong retail and
wholesale service industry, agriculture, tourism, oil and
petrochemical industries help ensure a diversified economy.
- Growing Economy
Record breaking industrial and residential land sales,
resulting in above average building permit values, attest to
a growing economy. Major expansions, new industrial
companies, a host of new services and retail businesses
signal a bright future for Red Deer and Central Alberta.
- Alberta Advantage
The province's strong economy continues to have a
positive impact on Alberta communities. Alberta's
unemployment rate is the lowest in Canada (4.3% in May,
2004) and Red Deer has the lowest overall taxes in the
country.
- A Complete Package
Red Deer is about more than low taxes and a healthy
economy. The City's first class health and education
facilities, beautiful parks and trails, abundant amenities
and safe community make Red Deer a wonderful place to live
or visit.
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