Wood Buffalo Economic Development

Investing in Wood Buffalo

We Believe

Because we Believe in our future

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We have the RESOURCE

We have the third largest oil reserves on earth.

The gross domestic product (GDP) impact of oil sands investment and operations is estimated to be over $1.9 trillion in Alberta alone.

In Wood Buffalo, we have over $500 billion in combined oil sands investment in the next two decades.

In Wood Buffalo, our oil sands capacity may reach nearly 7 million barrels per day by 2030.

In Wood Buffalo, our operational expenditures are expected to grow from $7.45 billion to $23.1 billion in 2030.

Because we are the oil sands capital of the world.

Oil sands capital

We have the GROWTH

In Wood Buffalo, the regional population has increased by 101% since 2000.

In Wood Buffalo, the regional population projected to reach 174,000 by 2020 and 231,000 by 2030.

In Wood Buffalo, there’s going to be a higher growth rate over the next 10 years than that experienced in the decade from 2000 to 2010.

In Wood Buffalo, employment is likely to grow as much as 53% by 2020.

In Wood Buffalo, production levels of nearly 7 million barrels per day translate into 50,000 direct operation jobs in the region by 2030.

In Wood Buffalo, employment did not suffer declines during the recession. In fact, we had by far the largest employment growth with an increase of nearly 12% over the three-year period (2008-2010).

Because we are the third largest city in Alberta.

Investing in Wood Buffalo

We have the DEMAND

In Wood Buffalo, we have identified tremendous opportunities for investment ranging in variety of sectors, from clothing and shoe stores to restaurants to home centres and furnishings.

In Wood Buffalo, our families have spending power with household incomes that are 103% higher than the national average.

In Wood Buffalo we have an average discretionary income of over $30,000 – higher than Calgary, Edmonton, Toronto and Vancouver.

In Wood Buffalo, do we have a retail/service deficit that can translate to approximately 189,000 square metres.

Because our City Centre catalyst projects are examples of how we are open for business.

City Centre

Make your passion pay off BIG.

Wood Buffalo is growing more rapidly than any other municipality in Canada. A 2010 Municipal Census population of just over a hundred thousand will more than double by 2030 with increased and diversified oil sands industry and other activity. For business owners and investors the potential for success is truly big with new opportunities for investment emerging in virtually every sector. Wood Buffalo was named the 6th best entrepreneurial city in Canada by the Canadian Federation of Independent Business in 2011. Within the mid-sized category we ranked 3rd best entrepreneurial city. Also in 2011 Alberta Venture Magazine named Wood Buffalo as the best community for business in Alberta. The potential here is big – and growing rapidly.

Our Business Inventory & Gap Analysis identified significant opportunities for investment in the following sectors:

  • Clothing and shoe stores
  • High-end specialty outlets
  • Personal services
  • High-end and unique experience suppliers
  • Home centres, furnishings and electronics
  • Food and pharmacy
  • Accommodations
  • Entertainment and recreation
  • Automotive sales and services
  • Finance and insurance
  • Health care and social assistance
  • Educational services

Opportunity awaits.