Edmonton's Diverse Economy
Edmonton’s economy continues to be one of the top performers in the Canadian economy. Alberta’s capital region enjoys a stable business environment and compelling long-term opportunities for growth. With more than $70 billion worth of investments in major projects expected in the region in the next decade, Edmonton is a place where businesses can prosper during the current economic storm.
Strategically located between the world’s second-largest oil reserves and the world’s largest energy market, Edmonton plays a vital role in the development of the Athabasca oil sands. Greater Edmonton supports the energy industry as a centre for upgrading and refining petrochemicals, pipelines, manufacturing, transportation, and logistics. Edmonton is at the crossroads of international trade routes linking Asia Pacific with eastern North America and Mexico with Alaska.
The city is also one of Canada’s leading centres for technology development. It is the home of the National Institute for Nanotechnology and cutting-edge companies engaged in microsystems and nanotechnology research and commercialization. Edmonton’s 9 post-secondary institutions include the University of Alberta, a world-leading research institution, and the Northern Alberta Institute of Technology, the largest trainer of apprentices in Canada.
Businesses in Alberta benefit from one of North America’s most competitive corporate tax environments — there is no provincial, capital, or payroll tax. With these advantages and more, EEDC continues to project that Greater Edmonton has one of the brightest economic futures of any region of a comparable size in the world. Edmonton's diverse economy is redefining what it means to be a world-class mid-size city.
EEDC's Economic Development division supports improving the income and quality of life for Edmontonians and our neighbours by providing leadership in the development of a strong regional economy.
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