Business


After a decade of slumber, the regional economy is showing strong growth and excellent potential in the Tourism, Mining and Smelting, and Retail Sales sectors.

 

Over $ 100 million has recently been invested in transforming Rossland-Red

Mountain into a unique and highly desirable alpine resort. It is expected that $ 1 billion of foreign investment will flow into Rossland over the next fifteen years. An additional 200 dwelling units have been constructed at the base of Red, and Red Resort has installed a new quad chair lift for the 2007/2008 season. The Valencia Hotel Group will break ground on a new 75 suite boutique hotel in 2008. The Redstone Resort golf course has sold out their Phase 1 development (85 units) and the new Les Furber designed course is ready for play.

 

Teck Cominco's Trail operation is one of the worlds largest integrated zinc and lead smelting and refining complexes. The Trail operation directly employs 1400 people and annually purchases $80 million in goods and services from local suppliers. In 2006 the operation broke several production records and the price of commodities was high. These factors saw the Trail operation achieve a record year end operating profit of $395 million. In 2006 the smelter also embarked on an environmentally friendly  electronic scrap recycling program to address the growing concern of e-scrap in the landfills and the ethics of dumping toxic scrap in developing countries.

 

The retail sector saw anchor tenants Walmart and Canadian Tire move into Trail in 2004 and 2005. Other national retailers are considering opening stores in Trail as the city is quickly becoming the preferred shopping destination in the region.

 
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