weyburn, saskatchewanpub/2019 community... · saskatoon, saskatchewan: 372 km calgary, alberta: 837...

16

Weyburn Regional Economic Development

11 - Third Street Weyburn, SK. S4H OW1 (306) 842.4738 [email protected] www.weyburneconomicdevelopment.com

Weyburn, Saskatchewan

2

City of Weyburn

157 Third Street Weyburn, SK. S4H 2K6

306.848.3200 [email protected] www.weyburn.ca

RM of Weyburn No.67

23 6th Street NE Weyburn, SK. S4H 1A7

306.842.2314 [email protected] www.rmweyburn.ca

Weyburn Chamber of Commerce

11 Third Street Weyburn, SK S4H 0W1

306.842.4738 [email protected] www.weyburnchamber.com

The 2019 Weyburn Community Profile is a production of Weyburn Regional Economic Development. The Community Profile is designed to provide an overview of the market environment in the Weyburn region for business and residents, both existing and prospective. *statistical source is Statistics Canada - unless otherwise indicated

Weyburn Regional Economic Development 11 Third Street | Weyburn, Saskatchewan | S4H 0W1

(306) 842.4738 [email protected] www.weyburneconomicdevelopment.com

2019 Community Profile

Table of Contents

1.0 Community Overview 1.1 Introduction………………………………………………………………………………………………………………...………………………….…………. 3

1.2 Population Overview……….……………………………………………………………………………………………………………...……....………… 4

2.0 Key Industry & Strengths 2.1 Key Companies operating in Weyburn………………………………………………..……………………………………………………...…...… 5

2.2 Agriculture……………………………………………………………………………………………………………………………………………..…………... 5

2.3 Oil & Gas…………………………………………………………………………………………………………………………………..……………...………… 6

2.4 Public Sector Headquarters……………………………………………………………………..…………………………………………………………. 7

2.5 Manufacturing…………………………………………………………………………………………………………………………………………………….. 8

2.6 Retail…………………………………………………………………………………………………………………………………………………………………... 9

2.7 Entrepreneurial Spirit…………………………………………………………………………………………………………………………………………. 10

3.0 Business Environment 3.1 Property Tax……………………….……………………………….…………………………………………………………………………………………….. 11

3.2 Housing………………………………………………………………………………………………………………………………......……..………………….. 11

3.3 Education & Development.…………………………………………………………………………………………………………………...…….…….. 12

3.4 Local Municipal Leadership…………………………………………………………………………………………………………….………………….. 12

3.5 Saskatchewan Advantages ………………………………………………………………………………………………………………………………… 13

4.0 Transportation 4.1 Global Transportation Hub……………………………………………………………………………………………………..………………….………. 14

5.0 Life of Weyburn 5.1 Climate………………………………………………………………………………………………………………………..……………………………………... 15

5.2 Tatagwa Parkway ………………………………………………….………………………………………………………………………………..….………. 15

15

5.2 Tatagwa Parkway Weyburn’s Trailway consists of over 10 KMs picturesque trails throughout Weyburn. Travel paved multi-use trails,

through thousands of trees, and various natural conservation areas. Choose from:

1.5 KM trek along the wooded Souris Valley Trail

2 KM loop along the beautiful Souris River on the Red Coat Trail

3 KM long Silver Heights Trail that skirts the Northern edge of the city

3 KM loop through the scenic Signal Hill Trail

A safe, healthy balanced lifestyle defines the culture

and vitality of Weyburn. The exuberance of a young,

engaged population offers a wealth of social

networking opportunities that create a welcoming

atmosphere for new residents. The safe city

environment supports the priority that residents place

on an active, healthy lifestyle, creating an open,

walkable atmosphere. Weyburn is proud of the

richness of community life that is reflected in the wide

variety of arts, cultural and recreational options for

citizens and visitors.

Quality of public spaces and built environment is well known to have a direct impact on people’s lives and the way they

feel. Weyburn is well known as one of the cleanest, most attractive communities in the province. It’s enviable character

is intrinsically linked to its natural surrounding. Care is taken to ensure that the City is well maintained and is a natural

extension of its surroundings. High quality public parks and green spaces, create a clean healthy environment. Residents

also enjoy beautiful rural surroundings including, lakes, parks, and connection to the agricultural lifestyle. Weyburn

continues to expand, with the recent expansion for the Weyburn Recreation and Cultural Centre which offers multiple

barrier-free sports, culture and recreational opportunities to the community & surrounding area. Weyburn is the Best

Place to live in the Prairies by Money Sense magazine for two consecutive years. Source: Money Sense Magazine - https://www.moneysense.ca/spend/real-estate/canadas-best-places-to-live-25-2018/

5.1 Climate

5.0 Life in Weyburn 2019 Community Profile

14

Whether moving goods, services or people Weyburn companies enjoy

access to an extensive transportation network with global reach.

Roads Weyburn is ideally located at the intersection of two international

highways (#39 & #35) and the Redcoat Trail (Highway #13). Highway

#39 is the main route to the 24 hour Canada/USA border crossing at

North Portal.

Rails Weyburn is served by the CP Railway that connects Western Canada’s

main rail lines at Moose Jaw with the American rail centres in

Minneapolis and Chicago.

Air The Weyburn Municipal airport is a registered airport located in the

RM of Weyburn No. 67. Weyburn Airport averages about 96 flights

per month; including Pan Canadian Petroleum, RCMP, air ambulance, crop

spraying, commercial charters, and recreational flying. Weyburn is located

only one hour from the International Airport in the City of Regina.

Traffic Volume Map 2017

Source: Saskatchewan Ministry of Highways & Infrastructure

4.0 Transportation 2019 Community Profile

4.1 Global Transportation Hub (GTH) Located only an hour from Weyburn, The Global Transportation Hub is Canada’s only autonomous and self-governing

Inland Port Authority. The GTH provides rail access to all major Canadian ports, Gulf Coast ports and mid-western US

trans-shipment points and trucking connections to all major networks including Trans-Canada, Minneapolis/St. Paul,

Chicago, and Mexico. This offers Weyburn based companies benefit from the connectivity of a larger center with the

attractive economics of a smaller urban center.

3

City of Weyburn Population: 10,870 City Area: 19.15 km2 RM of Weyburn No.67 Population: 1,064 The RM of Weyburn is a diversified and rapidly growing rural municipality situated in south east SK. The towns of Ralph, McTaggart, North Weyburn and the Weyburn Airport are included in the RM of Weyburn.

1.0 Community Overview

1.1 Introduction

Weyburn

As one of the fastest growing communities in Saskatchewan, Weyburn is recognized as one of the more desirable places to live and work. Weyburn is a dynamic community with a long history of dedication to providing an exceptional quality of life for residents. Global economic conditions, particularly relating to agriculture due to the established agricultural roots and central location for the region, has a positive impact on the business climate in the Weyburn Region. Emphasis is placed on the development of a diverse economic base to ensure long standing business success in the region.


Key Distances

Regina, Saskatchewan: 115 km

Saskatoon, Saskatchewan: 372 km

Calgary, Alberta: 837 km

Winnipeg, Manitoba: 519 km

Minot, North Dakota: 279 km

North of the U.S.A Border: 76 km

City of Weyburn

RM of Weyburn No. 67

4

Total Population

City of Weyburn 10,870

RM of Weyburn No. 67 1,064

Total Dwellings 5,555

The 2016 census has shown that Weyburn’s population has increased 3.7%

since the 2011 census.


1.2 Population Overview


13

3.0 Business Environment

3.5 Saskatchewan Advantages

Saskatchewan (SK) is committed to creating and nurturing an environment that allows businesses of all sizes to grow and prosper: Location, Location, Location

SK’s central time zone and location in North America make is easy to do business throughout the continent

SK has an ideal location for both manufacturing and distribution - only a day away by land from a market of 5 million people, and only 2 days away from more than 300 million people in Canada and United States.

Taxes & Incentives The SK corporate income tax rate on manufacturing and processing profits may be as low as 10%

Manufacturers and processors that establish facilities in SK are eligible for a 6% refundable investment tax credit on capital purchases, and direct agents used in the manufacturing process are exempt from the provincial sales tax

The small business income tax rate for Canadian-controlled private corporations is 2% and applies to the first $500,000 of business income

Of the Canadian provinces with a provincial sales tax, SK’s rate of 6% is the lowest

SK does not charge a payroll tax for employers, and there are no health benefit charges

Toll-free telephone services are exempt from the provincial sales tax

SK has a refundable 10% tax credit for scientific research and development expenditures Capital Investment

Since 2008, SK has reached an estimated $151 billion in new investments (based on Statistics Canada 2017 preliminary estimates).

International companies that have invested or opened operations in SK include: BHP Billiton, K+S Potash, Glencore, AREVA, Yara International, and BASF.

Real Estate & Utilities Crown Corporations in SK supply electricity, natural gas and telecommunication services that are among the most competitive

in North America Utility rates in SK are among the most competitive in North America

Infrastructure To accommodate economic growth, the federal and provincial governments, along with the City of Regina, are developing the

Global Transportation Hub to the west of the city. The GTH includes major private-sector projects, such as a $200-million facility for Canada’s largest food distributor

We offer research and development infrastructure in a wide variety of areas, such as biotechnology, advanced technologies, and energy development.

Innovation SK is the central agency of the Government of SK with a responsibility for developing policies and programs and conducting activities that assist in the implementation of SK’s innovation priorities.

SK has extensive research infrastructure, with a particular focus on agriculture, agricultural biotechnology, energy, and carbon capture and storage.

A solid infrastructure of road, rail, and air transport make SK an ideal location for both manufacturing and distribution

A recent national study ranked SK first for freight transportation, primarily because of a high-ratio of tonnes of freight per KMs of rail

Our highway and municipal road networks constitute the largest rural road system in Canada, totalling more than 190,000 KMs

The province has 2,400 trucking companies, two international airports, two major rail lines and nine shortline railroads Population & Demographics

SK’s population is at an all-time high. As of April 1, 2018, there were 1,171,240 people living the province, an increase of 11,691 in the past year.

SK has two demographic factors that make it unique: - The province has the third largest percentage of workers aged 15—24 in Canada. In the next 15 years, nearly 200,000 people will reach employment age. This is important considering the wave of baby boomers expected to retire in the next decade. - Indigenous people made up about 15.6% of the province’s population in 2011 and are expected to account for about one in five people in SK by 2036. The relatively young age of the Indigenous population provides opportunities to meet future labour demands. Natural Resources

SK has ready access to large reserves of varied resources in the forestry, mining, agriculture, and energy sectors

The SK government has publicly committed to maintaining stable and competitive royalty rates on natural resources developed in partnership with industry

Source: www.saskatchewan.ca/business/invest-and-economic-development/advantages-of-doing-business-in-saskatchewan


12

3.4 Local Municipal Leadership

Investors are confident in the stable and sustainable business policies of local governments. Weyburn, is a leader in fiscal

responsibility, and is in a position to effectively manage the infrastructure and service demands of growth without

interruption to the pace of the development. Weyburn’s commitment to ensuring availability of adequate housing

options is giving area employers a competitive edge in attracting employees. Working collaboratively with stakeholders

is the foundation of the City’s commitment to cultivating a sustainable environment for development opportunities. The

two municipalities, City of Weyburn and RM of Weyburn No. 67 have taken a proactive approach to planning and

development with the establishment of the Weyburn District Regional Planning Commission in 2010. Eight years later

the Weyburn District Planning is a model of excellence for inter-municipal cooperation and planning ensuring that there

is a clear dedication from all stakeholders to removing any barriers to growth and development in the region.

3.0 Business Environment 2019 Community Profile

3.3 Education & Workforce Development

Weyburn residents and employers benefit from an excellent public education system, as well as a separate Catholic

system, complimented by the programs of the Southeast College offering many educational and workforce training

opportunities.

Primary & Secondary Education Southeast Cornerstone Public School Division (SECPSD) is widely acknowledged as one of the best in the province. With

its headquarters in Weyburn the SECPSD is working closely with the local business community to best prepare students

for the workforce. The SECPSD is a leader in instructing students and showcasing and utilizing technology to enhance

education in all schools.

Higher Education & Training Through partnerships with post-secondary institutions, Southeast College delivers a variety of career, vocational, and

academic programs to meet the economic demands of Southeastern Saskatchewan. Additionally, the College serves

many business and industry stakeholders by offering numerous business, safety, and industrial programs and courses

required to meet the diverse and challenging workplace skill sets of Saskatchewan’s growing economy.

5

The business community in Weyburn is a diverse collection of industry and corporate headquarters. As the central community in the Southeast Region, in close proximity to the provincial capital City of Regina, Weyburn is an attractive business locale for skilled workers and young professionals.

2.1 Key National & International Companies operating in Weyburn, SK

Crescent Point Energy

Viterra

Richardson Pioneer

Comtech Communications

Whitecap Resources

Parrish & Heimbecker

Enerplus

Enform

Nexans Canada

Nutrien Ag Solutions

2.0 Key Industries & Strengths

THIS IS WEYBURN: Nutrien Ag Solutions Nutrien is the largest provider of crop inputs and services, playing a critical role in helping growers increase food

production in a sustainable manner. We produce and distribute over 26 million tonnes of potash, nitrogen and

phosphate products world-wide. With this capability and our leading agriculture retail network, we are well

positioned to supply the needs of our customers. We operate with a long-term view and we are committed to

working with our stakeholders as we address our economic, environmental and social priorities

2.2 Agriculture

As the world looks to its farmers to meet an ever increasing need for food supply, Weyburn’s position as one of the largest inland grain gathering points in North America makes it a vital contributor to a timely issue. Weyburn sits anchored in its agricultural roots as the cornerstone for agricultural production in the region. Weyburn is home to four major implement dealers all of whom have undergone significant expansions in the past three years.


6

2.3 Oil & Gas Weyburn has long been established as a central figure for the upstream oil industry in the province. Through

investment in pioneering research projects and leading edge oil extraction technology, Weyburn based companies

continue to advance innovation and development in the industry. The city’s youthful professional culture and educated

workforce has made Weyburn an attractive locale for many national and local industry headquarters and a strategic

location for industry service

Bakken Formation Weyburn sits geographically atop the Bakken Oil Formation. The Bakken formation is one of the most prolific oil

producing patches in the world. With new technology driving the industry, these once unattainable oil reserves are

now fuelling economic growth in the region. Weyburn based companies are some of the largest investors in the

Canadian Bakken play. Innovation Carbon dioxide capture and storage is considered a critical technology to reduce world greenhouse gas emissions.

Currently in the Weyburn Region there are two commercial carbon dioxide enhanced oil recovery projects operated by

Whitecap Resources and by Cardinal Energy Ltd.; the projects involve the capture of carbon dioxide and subsequent

injection into underground rock formations. The technology sees two main benefits. First, carbon dioxide is

permanently and safely stored in impermeable rock. Secondly, the procedure enhances oil recovery by increasing

reservoirs pressure, which pushes oil to producing wells, lengthening the life of the field. The Midale and Weyburn oil

fields are two of the lowest decline oil units in Western Canada (below 6%) and both units have significant

development drilling upside.

2.0 Key Industries & Strengths 2019 Community Profile

THIS IS WEYBURN: Whitecap Resources Inc.

Whitecap Resource’s enhanced oil production near Weyburn, Saskatchewan has captured global attention by being the

world’s largest underground geological carbon dioxide (CO2) storage project. Whitecap operates the 210 square

kilometre Weyburn Unit in southeastern Saskatchewan, a short 30-minute drive south of the city of Weyburn, and

currently employs 59 direct employees. The Weyburn Unit contains one of the largest medium-sour crude oil reservoirs in

Canada, with approximately 1.4 billion barrels of oil in place when it was discovered in 1954.

11

The economy in Saskatchewan has all of the right elements for creating long term profitability for business.

Weyburn’s economic fundamentals such as population growth, median age, employment growth, high income rates

and a strong housing market have all contributed to the ideal investment conditions currently existing in the City.

3.2 Housing

The City of Weyburn has developed an attractive business climate for housing developers resulting in an increase in

housing starts and availability - giving area employers an advantage in attracting employees. Currently there are

three new residential neighbourhoods under development.

Average monthly rent: $752

Apartment vacancy rate: 15.4%

Source: Canada Mortgage & Housing Corporation Rental Market Report, 2018

3.1 Property Tax


It is important to highlight the differences across

municipalities with respect to property taxes.

Weyburn’s commercial property tax is the third lowest

in Saskatchewan (1, Saskatoon: 2, Warman).

Weyburn’s residential municipal property tax (2016) is

the second lowest in Saskatchewan.

RELATIVE TO WEYBURN’S COMMERCIAL PROPERTY TAX PER $200,000 (2016): Yorkton is 115% higher Estevan is 67% higher The AVERAGE is 51% higher Moose Jaw is 42% higher Regina is 9% higher

10

2.7 Entrepreneurial Spirit Young entrepreneurs hold the key to economic growth in our community. And when we say young, we mean 16 or 17

years of age! The Entrepreneurship 30 class offered at the Weyburn Comprehensive School evolved as a partnership

between the Ministry of Education and Junior Achievement of Saskatchewan with an aim to develop skills necessary to

plan and execute a business venture. This popular class inspires high school students to understand the role of

business in our society by creating an enterprise of their own. Since 2014, 18 successful Junior Achievement companies

have been formed, each of which donate a portion of their profits to non-profit organizations.


THIS IS WEYBURN: Christy Sanderson, Entrepreneur

Old Fashion Foods has been a local Weyburn business for decades. Christy proudly purchased the business in July 2015

and since then have worked hard to stay true to the Old Fashion Foods traditions white continuing to move forward by

offering new and exciting products. The staff at Old Fashion Foods is second to none, that is what truly sets them apart

from any other health food store. Ensuring we have the best customer service possible is what sets us apart. When you

walk into any business within Weyburn you will find a friendly smile from someone who genuinely want to help you out.

A great reason to be part of an amazing business community and our home, Weyburn, SK.

“The Junior Achievement Program was an incredible experience, and I learned more than I ever imagined about business and how to apply it to real-life.”

“Through this experience, students learned to talk through problems, problem solve past them, and work as a team to get their task done.”

What the students have to say...

What the teachers have to say...

7

2.4 Public Sector Headquarters

As the central community in the Southeast Region, Weyburn is the preferred locale for public sector and professional regional head offices, contributing an enduring inventory of stable employment opportunities. Weyburn’s proximity to Regina offers access to a wide range of supports and services. The stable, prosperous, business atmosphere attracts skilled professionals from the larger centers to Weyburn.

Key Professional & Public Sector Regional Headquarters in Weyburn, SK

SaskPower Regional Distribution Centre

Southeast Cornerstone School Division

Southeast College Administrative Offices & Campus

Southeast Regional Library


THIS IS WEYBURN: Southeast College

Southeast College offers students the opportunity to learn where they live. Our Weyburn Campus is a student focused

facility built with students and their success in mind. Its highlights include state-of-the-art classrooms and lab spaces,

ample free student parking and an incredible student lounge space to relax, study and unwind. Southeast College

delivers a diverse and flexible set of full and part time post-secondary programs, first Year University programming in

Education, Pre-Social Work, Health Sciences and Liberal Arts Certificate. They also specialize in industry and safety

training programs as well as adult education, upgrading options and English as an another Language programming. For

more information on programming or to apply online – visit us at www.southeastcollege.org

8

2.5 Manufacturing Manufacturing plays a key role in Saskatchewan, making up 7% of the provincial GDP. In 2017, manufacturing

shipments totaled $16 billion.

Located in the heart of the Canadian Prairies, Saskatchewan is well positioned to meet the needs of numerous growing

sectors within manufacturing. As well, with the province’s central location in North America, Saskatchewan

manufacturers have access to markets of 270 million people within a one or two day drive.

Weyburn is home to globally recognized manufacturers who export their products to varied customers around the

world. From commercial concrete and steel fabrication to industrial cable, our local manufacturers use innovation and

breakthrough technologies to meet their customers’ growing needs.


THIS IS WEYBURN: Souris Valley Industries Inc.

Souris Valley Industries is a vibrant, innovative company with 40 years of experience and expertise in the precast concrete

industry. Since taking over the company in 2005, the Bell family moved the operations to a much larger facility in 2009

and continued to see great expansions. Souris Valley Industries manufactures bridge components, concrete pipe,

manholes, tanks, barriers and specialty products including precast concrete components for the Mosaic Stadium.

Low manufacturing corporate income tax rate, combined

Source: www.thinksask.ca

with incentives, make Saskatchewan a competitive investment choice.

9

2.6 Retail Weyburn’s recent growth and attractive demographic profile may interest potential investors by itself, but a regional

consumer market in excess of $1 billion will surely grab headlines.

With a regional population over 30,000 people and over $200 million spent on retail goods (specifically excluding

shelter and automobiles). Weyburn truly is the opportunity city.


THIS IS WEYBURN: Minard’s Leisure World

When our doors first opened in 2004, our facility was 7,200 square feet. We had a small staff and big goals! Fifteen years

later, in 2019 the business has grown to 22,700 square feet of offices and workspace, over 25 acres of land, and an ever-

growing staff! Our goals though, remain just as grand as they were 15 years ago! We attribute our success to hard work,

but also to our culture. There is nothing more rewarding than having a customer share camping memories made in their

“perfect for them” RV. That’s what we do, we put people in the right RV, the one that fits their needs and budget. We are

dedicated to enriching peoples’ lives by offering them the best product selection, a sales approach that puts customers

before commission and a service so great they will want to do business with us for life. By putting customers first, we

have grown 751% since our first year! Weyburn, and surrounding communities have supported and stood behind us

from day one, and we are thrilled to be part of, and have the ability to give back! - Truly a great place to do business.

ESTIMATED AVAILABLE RETAIL SPACE IN WEYBURN 285,000 ICR Commercial Real Estate, 2015 SQUARE FEET

ESTIMATED ANNUAL REGIONAL HOUSEHOLD SPENDING

$1 BILLION

10

2.7 Entrepreneurial Spirit Young entrepreneurs hold the key to economic growth in our community. And when we say young, we mean 16 or 17

years of age! The Entrepreneurship 30 class offered at the Weyburn Comprehensive School evolved as a partnership

between the Ministry of Education and Junior Achievement of Saskatchewan with an aim to develop skills necessary to

plan and execute a business venture. This popular class inspires high school students to understand the role of

business in our society by creating an enterprise of their own. Since 2014, 18 successful Junior Achievement companies

have been formed, each of which donate a portion of their profits to non-profit organizations.


THIS IS WEYBURN: Christy Sanderson, Entrepreneur

Old Fashion Foods has been a local Weyburn business for decades. Christy proudly purchased the business in July 2015

and since then have worked hard to stay true to the Old Fashion Foods traditions white continuing to move forward by

offering new and exciting products. The staff at Old Fashion Foods is second to none, that is what truly sets them apart

from any other health food store. Ensuring we have the best customer service possible is what sets us apart. When you

walk into any business within Weyburn you will find a friendly smile from someone who genuinely want to help you out.

A great reason to be part of an amazing business community and our home, Weyburn, SK.

“The Junior Achievement Program was an incredible experience, and I learned more than I ever imagined about business and how to apply it to real-life.”

“Through this experience, students learned to talk through problems, problem solve past them, and work as a team to get their task done.”

What the students have to say...

What the teachers have to say...

7

2.4 Public Sector Headquarters

As the central community in the Southeast Region, Weyburn is the preferred locale for public sector and professional regional head offices, contributing an enduring inventory of stable employment opportunities. Weyburn’s proximity to Regina offers access to a wide range of supports and services. The stable, prosperous, business atmosphere attracts skilled professionals from the larger centers to Weyburn.

Key Professional & Public Sector Regional Headquarters in Weyburn, SK

SaskPower Regional Distribution Centre

Southeast Cornerstone School Division

Southeast College Administrative Offices & Campus

Southeast Regional Library


THIS IS WEYBURN: Southeast College

Southeast College offers students the opportunity to learn where they live. Our Weyburn Campus is a student focused

facility built with students and their success in mind. Its highlights include state-of-the-art classrooms and lab spaces,

ample free student parking and an incredible student lounge space to relax, study and unwind. Southeast College

delivers a diverse and flexible set of full and part time post-secondary programs, first Year University programming in

Education, Pre-Social Work, Health Sciences and Liberal Arts Certificate. They also specialize in industry and safety

training programs as well as adult education, upgrading options and English as an another Language programming. For

more information on programming or to apply online – visit us at www.southeastcollege.org

6

2.3 Oil & Gas Weyburn has long been established as a central figure for the upstream oil industry in the province. Through

investment in pioneering research projects and leading edge oil extraction technology, Weyburn based companies

continue to advance innovation and development in the industry. The city’s youthful professional culture and educated

workforce has made Weyburn an attractive locale for many national and local industry headquarters and a strategic

location for industry service

Bakken Formation Weyburn sits geographically atop the Bakken Oil Formation. The Bakken formation is one of the most prolific oil

producing patches in the world. With new technology driving the industry, these once unattainable oil reserves are

now fuelling economic growth in the region. Weyburn based companies are some of the largest investors in the

Canadian Bakken play. Innovation Carbon dioxide capture and storage is considered a critical technology to reduce world greenhouse gas emissions.

Currently in the Weyburn Region there are two commercial carbon dioxide enhanced oil recovery projects operated by

Whitecap Resources and by Cardinal Energy Ltd.; the projects involve the capture of carbon dioxide and subsequent

injection into underground rock formations. The technology sees two main benefits. First, carbon dioxide is

permanently and safely stored in impermeable rock. Secondly, the procedure enhances oil recovery by increasing

reservoirs pressure, which pushes oil to producing wells, lengthening the life of the field. The Midale and Weyburn oil

fields are two of the lowest decline oil units in Western Canada (below 6%) and both units have significant

development drilling upside.


THIS IS WEYBURN: Whitecap Resources Inc.

Whitecap Resource’s enhanced oil production near Weyburn, Saskatchewan has captured global attention by being the

world’s largest underground geological carbon dioxide (CO2) storage project. Whitecap operates the 210 square

kilometre Weyburn Unit in southeastern Saskatchewan, a short 30-minute drive south of the city of Weyburn, and

currently employs 59 direct employees. The Weyburn Unit contains one of the largest medium-sour crude oil reservoirs in

Canada, with approximately 1.4 billion barrels of oil in place when it was discovered in 1954.

11

The economy in Saskatchewan has all of the right elements for creating long term profitability for business.

Weyburn’s economic fundamentals such as population growth, median age, employment growth, high income rates

and a strong housing market have all contributed to the ideal investment conditions currently existing in the City.

3.2 Housing

The City of Weyburn has developed an attractive business climate for housing developers resulting in an increase in

housing starts and availability - giving area employers an advantage in attracting employees. Currently there are

three new residential neighbourhoods under development.

Average monthly rent: $752

Apartment vacancy rate: 15.4%

Source: Canada Mortgage & Housing Corporation Rental Market Report, 2018

3.1 Property Tax


It is important to highlight the differences across

municipalities with respect to property taxes.

Weyburn’s commercial property tax is the third lowest

in Saskatchewan (1, Saskatoon: 2, Warman).

Weyburn’s residential municipal property tax (2016) is

the second lowest in Saskatchewan.

RELATIVE TO WEYBURN’S COMMERCIAL PROPERTY TAX PER $200,000 (2016): Yorkton is 115% higher Estevan is 67% higher The AVERAGE is 51% higher Moose Jaw is 42% higher Regina is 9% higher

12

3.4 Local Municipal Leadership

Investors are confident in the stable and sustainable business policies of local governments. Weyburn, is a leader in fiscal

responsibility, and is in a position to effectively manage the infrastructure and service demands of growth without

interruption to the pace of the development. Weyburn’s commitment to ensuring availability of adequate housing

options is giving area employers a competitive edge in attracting employees. Working collaboratively with stakeholders

is the foundation of the City’s commitment to cultivating a sustainable environment for development opportunities. The

two municipalities, City of Weyburn and RM of Weyburn No. 67 have taken a proactive approach to planning and

development with the establishment of the Weyburn District Regional Planning Commission in 2010. Eight years later

the Weyburn District Planning is a model of excellence for inter-municipal cooperation and planning ensuring that there

is a clear dedication from all stakeholders to removing any barriers to growth and development in the region.


3.3 Education & Workforce Development

Weyburn residents and employers benefit from an excellent public education system, as well as a separate Catholic

system, complimented by the programs of the Southeast College offering many educational and workforce training

opportunities.

Primary & Secondary Education Southeast Cornerstone Public School Division (SECPSD) is widely acknowledged as one of the best in the province. With

its headquarters in Weyburn the SECPSD is working closely with the local business community to best prepare students

for the workforce. The SECPSD is a leader in instructing students and showcasing and utilizing technology to enhance

education in all schools.

Higher Education & Training Through partnerships with post-secondary institutions, Southeast College delivers a variety of career, vocational, and

academic programs to meet the economic demands of Southeastern Saskatchewan. Additionally, the College serves

many business and industry stakeholders by offering numerous business, safety, and industrial programs and courses

required to meet the diverse and challenging workplace skill sets of Saskatchewan’s growing economy.

5

The business community in Weyburn is a diverse collection of industry and corporate headquarters. As the central community in the Southeast Region, in close proximity to the provincial capital City of Regina, Weyburn is an attractive business locale for skilled workers and young professionals.

2.1 Key National & International Companies operating in Weyburn, SK

Crescent Point Energy

Viterra

Richardson Pioneer

Comtech Communications

Whitecap Resources

Parrish & Heimbecker

Enerplus

Enform

Nexans Canada

Nutrien Ag Solutions

2.0 Key Industries & Strengths

THIS IS WEYBURN: Nutrien Ag Solutions Nutrien is the largest provider of crop inputs and services, playing a critical role in helping growers increase food

production in a sustainable manner. We produce and distribute over 26 million tonnes of potash, nitrogen and

phosphate products world-wide. With this capability and our leading agriculture retail network, we are well

positioned to supply the needs of our customers. We operate with a long-term view and we are committed to

working with our stakeholders as we address our economic, environmental and social priorities

2.2 Agriculture

As the world looks to its farmers to meet an ever increasing need for food supply, Weyburn’s position as one of the largest inland grain gathering points in North America makes it a vital contributor to a timely issue. Weyburn sits anchored in its agricultural roots as the cornerstone for agricultural production in the region. Weyburn is home to four major implement dealers all of whom have undergone significant expansions in the past three years.


4

Total Population

City of Weyburn 10,870

RM of Weyburn No. 67 1,064

Total Dwellings 5,555

The 2016 census has shown that Weyburn’s population has increased 3.7%

since the 2011 census.


1.2 Population Overview


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3.0 Business Environment

3.5 Saskatchewan Advantages

Saskatchewan (SK) is committed to creating and nurturing an environment that allows businesses of all sizes to grow and prosper: Location, Location, Location

SK’s central time zone and location in North America make is easy to do business throughout the continent

SK has an ideal location for both manufacturing and distribution - only a day away by land from a market of 5 million people, and only 2 days away from more than 300 million people in Canada and United States.

Taxes & Incentives The SK corporate income tax rate on manufacturing and processing profits may be as low as 10%

Manufacturers and processors that establish facilities in SK are eligible for a 6% refundable investment tax credit on capital purchases, and direct agents used in the manufacturing process are exempt from the provincial sales tax

The small business income tax rate for Canadian-controlled private corporations is 2% and applies to the first $500,000 of business income

Of the Canadian provinces with a provincial sales tax, SK’s rate of 6% is the lowest

SK does not charge a payroll tax for employers, and there are no health benefit charges

Toll-free telephone services are exempt from the provincial sales tax

SK has a refundable 10% tax credit for scientific research and development expenditures Capital Investment

Since 2008, SK has reached an estimated $151 billion in new investments (based on Statistics Canada 2017 preliminary estimates).

International companies that have invested or opened operations in SK include: BHP Billiton, K+S Potash, Glencore, AREVA, Yara International, and BASF.

Real Estate & Utilities Crown Corporations in SK supply electricity, natural gas and telecommunication services that are among the most competitive

in North America Utility rates in SK are among the most competitive in North America

Infrastructure To accommodate economic growth, the federal and provincial governments, along with the City of Regina, are developing the

Global Transportation Hub to the west of the city. The GTH includes major private-sector projects, such as a $200-million facility for Canada’s largest food distributor

We offer research and development infrastructure in a wide variety of areas, such as biotechnology, advanced technologies, and energy development.

Innovation SK is the central agency of the Government of SK with a responsibility for developing policies and programs and conducting activities that assist in the implementation of SK’s innovation priorities.

SK has extensive research infrastructure, with a particular focus on agriculture, agricultural biotechnology, energy, and carbon capture and storage.

A solid infrastructure of road, rail, and air transport make SK an ideal location for both manufacturing and distribution

A recent national study ranked SK first for freight transportation, primarily because of a high-ratio of tonnes of freight per KMs of rail

Our highway and municipal road networks constitute the largest rural road system in Canada, totalling more than 190,000 KMs

The province has 2,400 trucking companies, two international airports, two major rail lines and nine shortline railroads Population & Demographics

SK’s population is at an all-time high. As of April 1, 2018, there were 1,171,240 people living the province, an increase of 11,691 in the past year.

SK has two demographic factors that make it unique: - The province has the third largest percentage of workers aged 15—24 in Canada. In the next 15 years, nearly 200,000 people will reach employment age. This is important considering the wave of baby boomers expected to retire in the next decade. - Indigenous people made up about 15.6% of the province’s population in 2011 and are expected to account for about one in five people in SK by 2036. The relatively young age of the Indigenous population provides opportunities to meet future labour demands. Natural Resources

SK has ready access to large reserves of varied resources in the forestry, mining, agriculture, and energy sectors

The SK government has publicly committed to maintaining stable and competitive royalty rates on natural resources developed in partnership with industry

Source: www.saskatchewan.ca/business/invest-and-economic-development/advantages-of-doing-business-in-saskatchewan


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Whether moving goods, services or people Weyburn companies enjoy

access to an extensive transportation network with global reach.

Roads Weyburn is ideally located at the intersection of two international

highways (#39 & #35) and the Redcoat Trail (Highway #13). Highway

#39 is the main route to the 24 hour Canada/USA border crossing at

North Portal.

Rails Weyburn is served by the CP Railway that connects Western Canada’s

main rail lines at Moose Jaw with the American rail centres in

Minneapolis and Chicago.

Air The Weyburn Municipal airport is a registered airport located in the

RM of Weyburn No. 67. Weyburn Airport averages about 96 flights

per month; including Pan Canadian Petroleum, RCMP, air ambulance, crop

spraying, commercial charters, and recreational flying. Weyburn is located

only one hour from the International Airport in the City of Regina.

Traffic Volume Map 2017

Source: Saskatchewan Ministry of Highways & Infrastructure

4.0 Transportation 2019 Community Profile

4.1 Global Transportation Hub (GTH) Located only an hour from Weyburn, The Global Transportation Hub is Canada’s only autonomous and self-governing

Inland Port Authority. The GTH provides rail access to all major Canadian ports, Gulf Coast ports and mid-western US

trans-shipment points and trucking connections to all major networks including Trans-Canada, Minneapolis/St. Paul,

Chicago, and Mexico. This offers Weyburn based companies benefit from the connectivity of a larger center with the

attractive economics of a smaller urban center.

3

City of Weyburn Population: 10,870 City Area: 19.15 km2 RM of Weyburn No.67 Population: 1,064 The RM of Weyburn is a diversified and rapidly growing rural municipality situated in south east SK. The towns of Ralph, McTaggart, North Weyburn and the Weyburn Airport are included in the RM of Weyburn.


1.1 Introduction

Weyburn

As one of the fastest growing communities in Saskatchewan, Weyburn is recognized as one of the more desirable places to live and work. Weyburn is a dynamic community with a long history of dedication to providing an exceptional quality of life for residents. Global economic conditions, particularly relating to agriculture due to the established agricultural roots and central location for the region, has a positive impact on the business climate in the Weyburn Region. Emphasis is placed on the development of a diverse economic base to ensure long standing business success in the region.


Key Distances

Regina, Saskatchewan: 115 km

Saskatoon, Saskatchewan: 372 km

Calgary, Alberta: 837 km

Winnipeg, Manitoba: 519 km

Minot, North Dakota: 279 km

North of the U.S.A Border: 76 km

City of Weyburn

RM of Weyburn No. 67

2

City of Weyburn

157 Third Street Weyburn, SK. S4H 2K6

306.848.3200 [email protected] www.weyburn.ca

RM of Weyburn No.67

23 6th Street NE Weyburn, SK. S4H 1A7

306.842.2314 [email protected] www.rmweyburn.ca

Weyburn Chamber of Commerce

11 Third Street Weyburn, SK S4H 0W1

306.842.4738 [email protected] www.weyburnchamber.com

The 2019 Weyburn Community Profile is a production of Weyburn Regional Economic Development. The Community Profile is designed to provide an overview of the market environment in the Weyburn region for business and residents, both existing and prospective. *statistical source is Statistics Canada - unless otherwise indicated

Weyburn Regional Economic Development 11 Third Street | Weyburn, Saskatchewan | S4H 0W1

(306) 842.4738 [email protected] www.weyburneconomicdevelopment.com


Table of Contents

1.0 Community Overview 1.1 Introduction………………………………………………………………………………………………………………...………………………….…………. 3

1.2 Population Overview……….……………………………………………………………………………………………………………...……....………… 4

2.0 Key Industry & Strengths 2.1 Key Companies operating in Weyburn………………………………………………..……………………………………………………...…...… 5

2.2 Agriculture……………………………………………………………………………………………………………………………………………..…………... 5

2.3 Oil & Gas…………………………………………………………………………………………………………………………………..……………...………… 6

2.4 Public Sector Headquarters……………………………………………………………………..…………………………………………………………. 7

2.5 Manufacturing…………………………………………………………………………………………………………………………………………………….. 8

2.6 Retail…………………………………………………………………………………………………………………………………………………………………... 9

2.7 Entrepreneurial Spirit…………………………………………………………………………………………………………………………………………. 10

3.0 Business Environment 3.1 Property Tax……………………….……………………………….…………………………………………………………………………………………….. 11

3.2 Housing………………………………………………………………………………………………………………………………......……..………………….. 11

3.3 Education & Development.…………………………………………………………………………………………………………………...…….…….. 12

3.4 Local Municipal Leadership…………………………………………………………………………………………………………….………………….. 12

3.5 Saskatchewan Advantages ………………………………………………………………………………………………………………………………… 13

4.0 Transportation 4.1 Global Transportation Hub……………………………………………………………………………………………………..………………….………. 14

5.0 Life of Weyburn 5.1 Climate………………………………………………………………………………………………………………………..……………………………………... 15

5.2 Tatagwa Parkway ………………………………………………….………………………………………………………………………………..….………. 15

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5.2 Tatagwa Parkway Weyburn’s Trailway consists of over 10 KMs picturesque trails throughout Weyburn. Travel paved multi-use trails,

through thousands of trees, and various natural conservation areas. Choose from:

1.5 KM trek along the wooded Souris Valley Trail

2 KM loop along the beautiful Souris River on the Red Coat Trail

3 KM long Silver Heights Trail that skirts the Northern edge of the city

3 KM loop through the scenic Signal Hill Trail

A safe, healthy balanced lifestyle defines the culture

and vitality of Weyburn. The exuberance of a young,

engaged population offers a wealth of social

networking opportunities that create a welcoming

atmosphere for new residents. The safe city

environment supports the priority that residents place

on an active, healthy lifestyle, creating an open,

walkable atmosphere. Weyburn is proud of the

richness of community life that is reflected in the wide

variety of arts, cultural and recreational options for

citizens and visitors.

Quality of public spaces and built environment is well known to have a direct impact on people’s lives and the way they

feel. Weyburn is well known as one of the cleanest, most attractive communities in the province. It’s enviable character

is intrinsically linked to its natural surrounding. Care is taken to ensure that the City is well maintained and is a natural

extension of its surroundings. High quality public parks and green spaces, create a clean healthy environment. Residents

also enjoy beautiful rural surroundings including, lakes, parks, and connection to the agricultural lifestyle. Weyburn

continues to expand, with the recent expansion for the Weyburn Recreation and Cultural Centre which offers multiple

barrier-free sports, culture and recreational opportunities to the community & surrounding area. Weyburn is the Best

Place to live in the Prairies by Money Sense magazine for two consecutive years. Source: Money Sense Magazine - https://www.moneysense.ca/spend/real-estate/canadas-best-places-to-live-25-2018/

5.1 Climate

5.0 Life in Weyburn 2019 Community Profile

16

Weyburn Regional Economic Development

11 - Third Street Weyburn, SK. S4H OW1 (306) 842.4738 [email protected] www.weyburneconomicdevelopment.com

Weyburn, Saskatchewan

weyburn, saskatchewanpub/2019 community... · saskatoon, saskatchewan: 372 km calgary, alberta: 837...

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