Canada’s Best Places for Business 2016

Estevan, Sask.

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Population: 14,315
Annualized population growth (%) 1.30
Avg. household income ($): 138,890
Total value of building permits issued, most recent year ($): 1,100,000,000
Avg. office lease rate ($ psf/yr): N/A
Corporate income tax rate (%): 27.0
City website: www.estevan.ca

Market

Pop. within 1 hr commuting distance: 24,916
Adults who have completed apprenticeship, trades certificate or diploma (%): 16.46
Adults who have completed university degree (%): 10.83
Adults who have completed bachelor''s degree (%): 81.18
Unemployment rate, most recent month (%): 5.65

Costs

Avg. home price ($): 406,164
Avg. retail lease rate ($ psf/yr): N/A
Avg. industrial lease rate ($psf/yr): 14.00
Avg. general lease rate ($psf/yr): 14.00
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): N/A
Peak electricity cost for mid-size industrial business ($/kWh): N/A

Taxes & Regulation

Business license cost ($): $50 to $199
Avg. processing time for building permit, most recent calendar year: Less than 2 weeks
Non-residential property tax rate (% of assessed value): N/A
Commercial property tax rate (% of assessed value): N/A
Industrial property tax rate (% of assessed value): N/A
Small business income tax rate, if different (%): 12.5
Sales tax (%): 10
Special regulations or zoning: N/A

Other

Largest employers: Westmoreland Coal Mine; Boundary Dam Power Station; Shand Power Station
Leading industries: Service; Agriculture; Natural Resources
Value of capital projects >$5 million planned or under construction ($ million): 8,000,000
Special amenities: Estevan is home to the Souris Valley Musem, the Souris Valley Theatre and the Saskatchewan Energy Trading Institute
Special economic development initiatives: Estavan has implemented a downtown revitalization zone to promote property redevelopment in its downtown core.