Five regional revitalization projects awarded funding through new SREDA program

SREDA is pleased to announce the five winners of the SREDA Regional Economic Development Revitalization Grant. New in 2021, the program supports the economy of the Saskatoon Region by investing $30,000 to help communities foster new business and growth opportunities.

The grant winners include:

  • The City of Warman, for a Retail Market Analysis to assist in identifying retail opportunities and attracting investment to Warman;
  • The Village of Clavet:
    • for a Lagoon Expansion Study to identify options for expanding its lagoon, which will enable the village to attract and accommodate more commercial and residential development, and
    • for a Mini Mall Service Agreement, which will allow development to start on a project that will accommodate up to eight new businesses in the village;
  • The City of Martensville, for an Industrial Competitiveness and Capacity Analysis in order to better understand how to improve the community’s position to attract and support industrial activity; and
  • The RM of Corman Park, for a South East Concept Plan, which will address municipal and First Nations’ current and expected business growth pressures in a comprehensive, regional manner.

“We are proud to announce these first five recipients of the Regional Revitalization Grant,” said Alex Fallon, SREDA President and CEO. “These projects will help support economic growth across the Saskatoon Region at a very important time for the local economy.”

Projects were selected based on alignment with one of SREDA’s four fundamental areas of economic development: Business Growth, Entrepreneurship, Regional Collaboration and Indigenous Economic Reconciliation. SREDA will contribute a maximum of 75% of the total project cost, up to $10,000. To be eligible for a grant, applicants must be a Municipality or First Nation government located in the Saskatoon Region and be a SREDA Regional Member at the time the funds are dispersed. For more information, see the Regional Economic Development Revitalization Grant page.

Kristen Johannesson

Manager, Business Attraction
(306) 664-0727