REGIONAL OUTLOOK

2007 has turned out to be another excellent year for businesses and organizations in the South Kootenay. The region is capitalizing on its outstanding outdoor recreation attributes, providing the basis for significant investment in resort development and attracting creative, highly skilled people.

 

Success in an increasingly global economy stems from meeting high standards for competition and from strong relationships with customers, suppliers and employees that build local competitive advantage. Business leaders in Trail and Rossland have created productive partnerships that have contributed to a strong and more prosperous region. With the recent establishment of an agglomeration of big box retailers, the regional market has once again expanded.

 

Total annual income in the South Kootenay trading area is $1.8 billion with a population of 90,000. Resort development at Rossland's Red Mountain has taken full flight with $1 billion of foreign direct investment expected over the next fifteen years. Cities and Villages in the South Kootenay are working together to ensure a competitive business environment; –an environment which is attractive for new investment, very attractive for businesses to operate and invest, and for people to work and live.

The outlook for the local economy is rock solid and prosperous.

 

 
 
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