How it's done
The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Lethbridge and help you answer the following fundamental questions.
What is the business climate in Lethbridge?
We have compiled the most important aspects of Lethbridge’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.
What costs and assistance should I know about?
Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Lethbridge and assistance available to Lethbridge businesses.
Businesses in Lethbridge benefit from the lack of a Machinery and Equipment Tax.
Alberta has one of the lowest combined average federal/state corporate income tax rates in the country, as well as no payroll tax, sales tax, provincial capital tax or tax on financial institutions in the province. Canada has the added advantage of a publicly- funded healthcare system with no additional health care premiums charged in Alberta.
The combined federal/provincial corporate income tax rate in Alberta is 26% for general businesses and 13% for small businesses. A competitive corporate income tax rate is in place for manufacturers. Businesses also benefit from the fact that Alberta has no inventory tax, no machinery and equipment tax, and no payroll tax which are common in many other provinces and U.S. states. Learn More
The Alberta government also offers additional tax credits to encourage capital investment into a wide variety of sectors.
The land development process for the City of Lethbridge outlines the chronological procedures for converting a section of raw land into an occupiable structure. For full details on this process click here
For more information on Commercial/Industrial permits and applications in the City of Lethbridge please click here
For a full list of Lethbridge & Region Major Development Projects please click here
The top 20 leading employers in the Lethbridge region are listed below. For a full list of Lethbridge Region Major Employers click here
|Alberta Health Services||Health Care & Social Assistance||3,368|
|University of Lethbridge||Educational Services||2,431|
|Lethbridge School District Number 51||Educational Services||1,500|
|City of Lethbridge||Public Administration||1,462|
|Lethbridge College||Educational Services||955|
|Alberta Government||Public Administration||900|
|Holy Spirit Catholic Schools Division #4||Educational Services||779|
|Sunrise Poultry||Food Manufacturing||625|
|Covenant Health||Health Care & Social Assistance||603|
|Palliser Regional Schools||Educational Services||519|
|Lethbridge Research Centre||Professional, Scientific & Technical Services||443|
|Maple Leaf Foods Inc. - Lethbridge Pork||Food Manufacturing||425|
|PepsiCo Foods Canada||Food Manufacturing||400|
|McDonalds||Accommodation & Food Services||400|
|Lethbridge Family Services||Health Care & Social Assistance||375|
|Green Acres Foundation||Health Care & Social Assistance||341|
|Triple M Housing||Manufacturing||325|
*Notes: Survey includes all employees serving in a paid capacity (full-time, part-time, casual).
Includes employee count for all Lethbridge and area locations (includes Coaldale, Coalhurst, & Picture Butte).
Source: Economic Development Lethbridge, Fall 2017
One of Lethbridge's greatest assets is its diverse and dynamic population. Our population continues to grow at a steady rate and as of 2018 sits at 99,769. More than a quarter of the adult population is under the age of 34, Lethbridge brims with a youthful energy.
Over the past five years, our population has grown by an average of almost two per cent per year. That's nearly 150 new arrivals each month!
Lethbridge also continues to demonstrate a stable, balanced labour market.
Lethbridge employers have access to a young, well-educated pool of potential employees from the more than 3,200 students who graduate from our city's two post-secondary institutions. For students, that also means a chance to stay in Lethbridge to pursue a diverse range of employment opportunities.
With low housing prices and affordable consumer goods and services, along with Alberta’s low tax regime, living in Lethbridge means doing more with your money, while our easy lifestyle means you have more time to enjoy the things that matters most to you.
The City of Lethbridge offers incentives for business and residential development in the downtown core. The Heart of Our City Housing incentive offers up to $30,000 per new housing unit built downtown. The Targeted Redevelopment Incentive Policy offers tax breaks for new commercial, office, retail or mixed-use buildings that enhance the core.
Adaptive Reuse Program: A new incentive that has been approved in concept and funded by City Council. Details currently being developed but will provide a 50% matching incentive up to $100,000 to facilitate critical improvements and to facilitate continued use of historic building stock.
Industries operating in the Lethbridge area report that our lower cost of living allows them to offer more flexible salaries and benefit rates. Employees are more likely to stay in our city and contribute to our dynamic community because of the quality of life that Lethbridge has to offer.