This week is International Economic Development Week. It is a time to celebrate the work of economic development practitioners. It’s also an opportunity to encourage dialogue to provide a better understanding of what economic development is.
Lethbridge enjoys a diversified economic base which comes from a mix of businesses that are anchored to our community. With no business, payroll or machinery tax, available land for development and office space at less than $16 per square foot. Lethbridge is an ideal place for business to flourish. Trevor Lewington who is CEO of Economic Development Lethbridge says our city has all the ingredients to attract entrepreneurs.
When it comes to engineering feats in southern Alberta, the Lethbridge Viaduct comes to mind – the longest and tallest train bridge of its kind in Canada. It has brought goods to market and products to consumers for over 110 years. This is an example of how infrastructure is important when it comes to planning for the future.
According to chooselethbridge.ca, a family earning $80,000 annually in Lethbridge has $16,875 in disposable income (compared to -$60 in Calgary).