Saskatoon’s strategic location, skilled workforce, and innovative spirit have made it an attractive destination for manufacturers looking to set up shop in Western Canada. The Saskatoon Region has a vibrant and diverse manufacturing industry that spans various sectors. From food processing and advanced manufacturing to transportation equipment and renewable energy, Saskatoon’s manufacturing industry offers a wide range of opportunities for all to thrive.
Key industries include:
- Food and beverage processing
- Transportation and industrial equipment
- Chemical manufacturing
Emerging sectors include:
- Aerospace and defense
- Specialty automotive products unmanned aerial vehicles
- Electronics and instrumentation
- GDP: In Saskatchewan, manufacturing contributed $5.1 billion in GDP in 2021.
- Sales: Manufacturing shipments of products totaled $26.2 billion in Saskatchewan in 2022 and $6.1 billion for Saskatoon CMA.
- Employment: The sector employed 31,858 in Saskatchewan, with 11,300 people in Saskatoon CMA in 2022.
- Trade: International exports of manufactured goods are valued at $6.6 billion in Saskatchewan and $3.1 billion for Saskatoon CMA.
In 2019, the province released Saskatchewan’s Growth Plan: The Next Decade of Growth, which positioned manufacturing as one of the key drivers for the economy. The province sets a goal to grow the value of manufacturing exports by 50 percent in the Growth Plan.
There are a number of business incentives available to manufacturing companies in Saskatchewan:
Corporation Income Tax Rebate for Primary Steel Production, provides a tax incentive for eligible primary steel producers that make a minimum capital investment of $100 million in new or expanded productive capacity
Saskatchewan Lean Improvements in Manufacturing (SLIM), provides funding to agri-business for infrastructure projects that improve productivity and efficiency.
Manufacturing and Processing Investment Tax Credit, is a refundable tax credit to eligible businesses designed to encourage plant and equipment investment for M&P activities in Saskatchewan
Saskatchewan Manufacturing and Processing Exporter Tax Incentive, provide non-refundable tax credits to eligible corporations that expand the number of M&P-related full-time employees above the number that were employed in 2014.
Saskatoon is home to the natural resources that feed, fuel and fertilize the world, as well as the innovations that surround these industries.
Business in Saskatoon
Saskatoon’s mix of economic diversity, low business costs and high quality of life make it the perfect place for businesses and people to thrive.