What We Do

Our overall goal is to assist in growing the economy.  SREDA works in the areas of business attraction, business retention and expansion, and promotion of the Saskatoon Region, along with working on regional and aboriginal economic development projects.  SREDA also collaborates with others outside its regional boundaries to further business and economic development initiatives for the Province of Saskatchewan and beyond.

Business Attraction

SREDA works with businesses to encourage new investment in the region and provides services including provision of economic and business development information, connecting groups for site selection, facilitating business connections, negotiating tax incentives & working with governments to provide a competitive environment for new business. 

Business Retention and Expansion

SREDA provides services to assist existing businesses in the Saskatoon Region to remain viable, grow and expand.  It does this through actively developing and/or engaging in development initiatives, facilitating expansions by negotiating and administering tax incentives, assisting businesses to overcome business development challenges & promoting of the Saskatoon Region’s existing business base.

Administration of the City of Saskatoon Business Development Incentives Policy (C09-14)

As part of its commitment to business attraction and business expansion, SREDA administers the City of Saskatoon’s Business Development Incentives Policy.  These tax abatement incentives were created to encourage attraction and expansion of businesses and facilitate long-term job creation.  Corporations meeting the eligibility requirements for a property tax incentive may qualify for a tax abatement of up to 100% of new or incremental taxes in year one, 80% in year two, 70% in year three, 60% in year four, and 50% in year five.

Promotion of the Saskatoon Region

Another important core service provided by SREDA is the promotion of the Saskatoon Region as a place to live, work, invest and prosper at regional, provincial, national & international levels.  SREDA actively promotes economic and business development opportunities that the Saskatoon Region (and the Province of Saskatchewan) has to offer through attendance at targeted industry trade shows, actively marketing the Saskatoon Region through various media and providing information to corporate executives, political dignitaries and other relevant stakeholders on the opportunities available in the Saskatoon Region.

Regional Economic Development

SREDA actively works on initiatives to facilitate growth and prosperity in the entire Saskatoon Region.  SREDA’s Enterprise Region encompasses thirty-one municipalities, including eight rural municipalities, two cities, thirteen towns and eight villages.   Regional economic development projects range in size and scope and involve working with various levels of governments, economic development stakeholders & partners to facilitate regional economic development initiatives to build a stronger regional economy.  Projects may include, but are not limited to:

• Assisting communities on zoning and development planning
• GIS Mapping
• Marketing/branding efforts
• Infrastructure projects that have economic benefits associated with them
• Regional business attraction/BR and E projects

While SREDA does not make a distinction between the services it provides Aboriginal and non-Aboriginal communities, our organization does recognize some of the differences associated with conducting business on Aboriginal lands and landholdings as compared to other municipal bodies.  In order to provide information and build capacity in the business community, SREDA works with aboriginal business and economic development stakeholders in the Saskatoon Region to enhance the current business environment & establishes initiatives to attract, retain and expand business ventures.

Economic Research and Analysis

SREDA also provides detailed economic research and analysis for its Private Sector Investors, regional members and partners.  We compile annual and quarterly statistics on the Saskatoon Region and also work on special analyses throughout the year to provide the best economic and business data for our clients.  We also actively search for the best economic development practices from around the world and apply elements from our research that best fit the Saskatoon Region’s economy.