Lethbridge and Economic Development Lethbridge Ranked in the Top 10’s of National Survey for Best to Invest Canada
September 4, 2007
Economic Development Lethbridge (EDL) is pleased to announce that Lethbridge has ranked in the top 10 of the Best to Invest Canada 2007 Rankings as published by Site Selection Magazine. The city of Lethbridge has tied at No. 9 in the Overall Top Canadian Metro category and Economic Development Lethbridge, as an organization, placed in the Overall Top 10 Canadian Group category. Alberta is also cited in the results as the most competitive Canadian province.
Tied with Lethbridge in Overall Top Canadian Metro category are Vancouver, British Columbia; Charlottetown, Prince Edward Island; and St. John’s, Newfoundland. First, second and third place rankings were awarded to Toronto, Ontario; Montreal, Quebec; and Edmonton, Alberta respectively. The Overall Top Canadian Metro category is measured by the number of new corporate projects and expansions in the city.
Cheryl Dick, CEO of Economic Development Lethbridge, says, “This is a validation of the attributes of our city to attract and retain business and industry investors. Their choice of Lethbridge as the place to establish or grow their business means we have a solid foundation for industry growth and that our city and region is competitive with major centres across Canada.”
The Overall Top 10 Canadian Group category, recognizing local economic development groups, is measured by the volume of capital investment and job creation. Economic Development Lethbridge ranked fourth only behind the Town of Ajax, Ontario, the Edmonton Economic Development Corporation and the Greater Halifax Partnership. The others on the top ten are City of Mississauga, Montreal International, Pol Quebec Chaudiere-Appalaches (Quebec City), Enterprise Saint John, Sarnia-Lambton Economic Partnership and South Simcoe Economic Alliance.
Tracy Edwards, EDL Board Chair, says, “For a relatively young organization, it is very gratifying to be grouped in with such progressive and established operations like the Edmonton Economic Development Corporation and the Greater Halifax Partnership. Our current and former Board members and staff can be acknowledged for their efforts in elevating Lethbridge as a competitive city and creating a leadership position for the organization.”
Best to Invest Canada 2007 Rankings survey was based on June 2006 – May 2007 project data derived from a database that registered projects according to specific criteria related to new construction. The Best to Invest Canada 2007 Rankings report will be featured in the September 2007 edition of the magazine, available on September 13, 2007. Details will also be available on-line at www.siteselection.com.
Representing more than 70 countries, Site Selection, published by Conway Data, Inc. in Norcross, Georgia, and focuses on corporate real estate, facility planning, location analysis and site selection.
Economic Development Lethbridge was established in 2003 as an independent economic development agency dedicated to promoting Lethbridge as an excellent place to live, learn, invest, visit and do business. The organization has a 25-member Board of Directors representing nearly every aspect of Lethbridge’s diverse economy.