March 20, 2025 – SASKATOON & REGINA, SK – The Saskatoon Regional Economic Development Authority (SREDA) and Economic Development Regina (EDR) are launching the Saskatchewan Business Growth Program to accelerate second-stage business growth in Saskatchewan. The program is made possible by $1M in shared funding over three years from Prairies Economic Development Canada (PrairiesCan), supporting high-potential companies in Saskatoon and Regina with revenues between $1M-$50M.

The Saskatchewan Business Growth Program fills a critical gap in Saskatchewan’s business ecosystem by providing tailored support to second-stage businesses in key industries, including technology, manufacturing, agriculture, mining, and energy. These high-potential businesses have outgrown startup resources but still require strategic guidance to scale. Through customized growth strategies and wrap-around support, the program helps companies expand operations, enter new markets, and optimize processes, driving job creation, investment, and revenue growth. By strengthening supply chains and fostering innovation, the program enhances Saskatchewan’s global competitiveness while positioning Saskatoon and Regina as vibrant economic hubs.

“The Saskatchewan Business Growth Program is a transformative initiative for local businesses ready to flourish beyond the startup phase, providing them with the essential resources to scale with confidence,” said Erin Lawson, CEO at SREDA. “Through a blend of insightful research, expert guidance, and strategic support, we’re empowering Saskatchewan companies to grow and create lasting impact right here.”

Chris Lane, President and CEO at EDR, added, “This program ensures high-potential businesses in both Saskatoon and Regina get the support they need to thrive. It’s about strengthening our economy from within and building a legacy of sustainable growth.”

“Small and medium businesses are the backbone of the Canadian economy, but we know that the transition from start-up to growth can be difficult. That is why the Government of Canada supports programs like the Saskatchewan Business Growth Program—providing businesses with the resources and support they need to scale up, innovate, and strengthen key sectors of our economy,” said Anita Anand, Minister of Innovation, Science and Industry.

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For media inquiries, please contact:

Sarah Wolensky
Director, Marketing and Communications
Saskatoon Regional Economic Development Authority (SREDA)
swolensky@sreda.com
306-664-0723

Chris Bonk
Director, Brand and Communications
Economic Development Regina (EDR)
cbonk@economicdevelopmentregina.com
306-565-6388

About SREDA
The Saskatoon Regional Economic Development Authority (SREDA) is dedicated to driving economic growth and prosperity in the Saskatoon Region by advancing entrepreneurship, supporting local economic growth and attracting investment.

About EDR
Economic Development Regina (EDR) is the lead agency for economic development for the Greater Regina Area (GRA). EDR provides leadership to the community with specific accountability for the following core functions:

• Support industry growth and diversification through retention, development, and attraction of industry.
• Find innovative ways to promote sustainable growth while effectively addressing the challenges associated with it.
• Market and promote the Greater Regina Area for business and investment.
• Ensure the Greater Regina Area offers a vibrant and diversified economy for investors, a climate of growth for business and works toward a high quality of life for residents.