Airdrie receives top ranking for investment, entrepreneurship
November 13, 2014 / For Immediate Release
AIRDRIE, ALBERTA – Airdrie has been ranked as the Top Investment Town in Alberta by the Real Estate Investment Network (REIN) and one of Canada's Top Entrepreneurial Communities by the Canadian Federation of Independent Business.
The REIN ranking, announced on November 6, measured Alberta communities on five different categories including: economic risk, yield growth potential, investors’ insights, political climate and accessibility. REIN is a real estate research and education organization for investors and homeowners across North America.
“The two most important criteria are the economic risk with a big focus on existing and future jobs and job growth, and the growth potential of yield,” says Melanie Reuter, Director of Research with REIN. “It is also important to take into consideration the political climate of a community and whether it has a solid growth plan, cashflow squashing taxes, and whether it has restrictive rental policies.”
Kent Rupert, Airdrie Economic Development Team Leader, says the rankings are good for Airdrie’s profile. “It is always good to be recognized as a ‘top community’,” says Kent. “We work hard to promote Airdrie as a place for business, so it certainly helps when the city is recognized provincially and nationally.”
Another report released, this one in October, ranked the Calgary periphery – Airdrie, along with Cochrane, Chestermere and Rocky View – in first place as Canada’s Top Entrepreneurial Community for 2014.
The Canadian Federation of Independent Business (CFIB) publishes an annual Entrepreneurial Communities report. The ranking looks at 14 indicators organized in three categories:
Presence - the scale and growth of business ownership,Perspective - indicators associated with optimism and growth plans,Policy - the actions local governments take with respect to business taxation and regulation.
According to the report, “CFIB has found entrepreneurial characteristics to be strongest in Canada’s prairie cities and the urban areas that ring large urban cores. What they have in common is ‘newness.’ Only a few generations separate today’s urban prairie residents from their entrepreneurial forbearers.”
The report ranked Airdrie and its Calgary region counterparts first place in the population over 150,000 category. “The report says the communities outside larger urban centres are ‘more conducive’ to the structure and cost of doing business,” says Kent. “We certainly find that businesses are attracted to Airdrie because we don’t have a business tax here and our environment is just a little bit smaller and less overwhelming to get your feet wet in starting a business.”
For more information on these rankings, and to view the reports:
Team Leader, Airdrie Economic Development