SREDA – Our Partners – Overview
Our Funding Partners
SREDA works with the City of Saskatoon, the Province of Saskatchewan, the surrounding rural communities and more than 200 private sector investors to build and grow the region’s economy. SREDA is primarily funded by Enterprise Saskatchewan, the City of Saskatoon, private sector investors, rural communities and rural municipalities.
Enterprise Saskatchewan
One of SREDA’s major funding partners is Enterprise Saskatchewan, a special agency of the Government of Saskatchewan. Enterprise Saskatchewan provides leadership as the central coordinating agency of the Government of Saskatchewan for economic development and works in partnership with Enterprise Regions such as SREDA and other key economic development stakeholders.
“Enterprise Saskatchewan’s job will be to identify, develop, and monitor competitive advantages and disadvantages in each sector and prescribe action. In short, its role is to continually push the competitive envelope.” —Premier Brad Wall
SREDA works with Enterprise Saskatchewan and its sector teams to reduce and remove barriers to growth, build on sector advantages and encourage business creation, attraction, retention, and growth.
Each Enterprise Region has its own strategy within the four strategic directions set forth by Enterprise Saskatchewan including:
- Building Regional Economies
- Fostering a Culture of Enterprise and Innovation
- Building on Competitive Advantages
- Engaging Leadership in and Effective Governance of Regional Economic Development
For more about Enterprise Saskatchewan, please visit www.enterprisesaskatchewan.ca.
City of Saskatoon
One of SREDA’s other major funding partners is the City of Saskatoon. SREDA began as the Industrial Development Department in the 1960s and in September 1992, Saskatoon City Council passed Bylaw 7308 which created the Economic Development Authority of Saskatoon (EDA). The organization experienced considerable growth from 1992 to 1996 and following negotiations with Saskatoon City Council, the EDA Bylaw was rescinded on December 31, 1996 making way for a new corporation, the Saskatoon Regional Economic Development Authority Inc., to take responsibility for the provision of economic development services in the Saskatoon Region commencing January 1, 1997.
Since that time, SREDA has continued to work closely with the City of Saskatoon to provide business development and economic development services. SREDA assists in administering business development incentives and works together with various city departments to help with planning initiatives, attracting new businesses and helping existing Saskatoon businesses to grow and expand.
To learn more about the City of Saskatoon, please visit www.saskatoon.caor visit our data centre for specific information and reports pertaining to the City of Saskatoon’s economy.
Private Sector Investor (PSI) Program
Our non-profit organization relies on the generous contributions of the Saskatoon Region’s visionary business leaders who understand the importance of growing the economy for the good of all who live, work and invest here. Local business leaders have continued to support the growth of the Saskatoon Region by making a financial commitment to SREDA through our Private Sector Investor (PSI) Program.
Regional Member Funding
SREDA also receives generous contributions from municipal leaders who understand the importance of growing the economy and have made significant financial commitments for the good of all who live, work and invest here.
Each of SREDA’s regional member communities and rural municipalities has the opportunity to participate on the SREDA Rural Committee. The Rural Committee assists SREDA in determining its regional economic development goals and works collaboratively on business and economic development projects.
Business-Minded Partnerships
Another way that SREDA assists in fostering economic growth is through its working partnerships with other organizations. Through collaborative efforts, we work to assist in providing valuable tools to new and existing entrepreneurs through such partnerships outlined below.
Greater Saskatoon Chamber of Commerce
and the
North Saskatoon Business Association
SREDA works together with the Greater Saskatoon Chamber of Commerce and the North Saskatoon Business Association (NSBA) to bring forward important issues and information for businesses in the Saskatoon Region. In addition to this informal partnership, SREDA, the Greater Saskatoon Chamber of Commerce and the NSBA often work collaboratively on business development projects in Saskatoon.
http://www.saskatoonchamber.com
SREDA has been working formally with the Raj Manek Mentorship Program since 2007 to provide Raj Manek protégés with SREDA membership privileges and ongoing support. Eligible program participants receive invitations to various events that may help open new doors, generate business opportunities and foster regional economic development. This program is strongly supported business leaders who share their valuable time and knowledge with well-deserving protégés.
“Mentoring small businesses is the opportunity to celebrate the success of many rather than just one.” – Raj Manek (1946-1996)
http://www.manekmentorship.sk.ca
Junior Achievement of Saskatchewan
SREDA works with Junior Achievement of Saskatchewan as a community partner to provide students with the valuable tools needed to become today’s and tomorrow’s entrepreneurs. SREDA staff volunteers lead students through sessions to build the skills required to be successful in the Saskatoon Region’s economy and beyond.
Did you know? Since 1955, over 3.8 million students have called themselves an “Achiever”.
http://saskatchewan.jacan.org
Saskatchewan Young Professionals and Entrepreneurs (SYPE)
Saskatchewan Young Professionals and Entrepreneurs (SYPE) is a group of young professionals and entrepreneurs that work together to foster personal development, promote opportunities and business in Saskatchewan. SREDA is proud to be a collaborator with SYPE by participating in various SYPE events and by providing an ex-officio SREDA Board of Director’s position to an appointed SYPE member.
Did you know? SYPE started in 1999 as the Saskatoon Junior Chamber of Commerce in Saskatoon and quickly grew to become a provincial organization with chapters across Saskatchewan today.
Ideas Inc.
Ideas Inc. is a business incubator developed and operated by Saskatoon’s business community. It nurtures and accelerates job and wealth creation in the Saskatoon Region by co-ordinating and delivering professional, comprehensive and practical business development advisory services to start-up companies in partnership with the public and private sectors. SREDA actively participates on the Ideas Inc. Board of Directors.
Women Entrepreneurs of Saskatchewan is a non-profit organization that provides women entrepreneurs including advisory services, training options, networking opportunities, business loans and referrals to complementary services. WE’s head office is currently in Saskatoon with a branch location in Regina.
