Prince Albert ready for growth of business

Prince Albert is getting ready to grow.

That was the message at the unveiling of the Regional Business Retention and Expansion study at the Rawlinson Centre Tuesday night.

"That's what this project is all about," said Prince Albert Regional Economic Development Authority (PAREDA) economic development officer Jonathon Theaker. "Keeping the businesses here and figuring out how to help them expand."

The study, which was conducted by PAREDA and partner organizations, showed an economy that shows no signs of slowing, in spite of global economic conditions.

Of the 201 businesses surveyed, 92 per cent of Prince Albert and area businesses showing increased or stable sales over the last year, and 66 per cent of businesses in the area plan to expand their operations in the next three years.

However, one of the challenges found in the report shows that businesses are having a difficult time recruiting people who are qualified to work for them, making it difficult for employers to expand their operations.

"There is certainly a need for a trained workforce," said Mayor Jim Scarrow. "That would make a huge difference."

Tina Loustel, visitation co-ordinator for the Prince Albert Chamber of Commerce and District and a volunteer with the project, said the main challenge of putting together the survey was finding enough time with local business owners to sit down and address the survey.

"Most of them had something to say and weren't sure where to say it," she said. "But so many of the business owners are involved in the day-to-day operations of their business.

"Overall, it was respecting the business owner's time."

While there are several issues, the report said needs have to be addressed by all those involved in the business community. Theaker said the overall report is positive and he looks forward to bringing the recommendations from the report to life.

kjarvis@paherald.sk.ca