Research park in Saskatchewan boosts local economy

Regina, SK August 27, 2003 The tenants of the Regina Research Park, one of Saskatchewan’s two research parks, contributed C$152 million to the economy of Regina and $194 million to the provincial economy in 2002. This was an increase of over $53 million from 2001, according to an independent study by Insightrix, part of the Innovation Consulting Group, a Saskatoon-based research firm.

The Regina Research Park was also directly responsible for approximately 830 positions in the park, and another 1,100 jobs in Regina and the province are indirectly attributable to the park.

The purchase of goods and services, number of employees, and staff salaries were some of the measures used by the researchers from Insightrix to determine the economic impact of the park’s activities, based on a model developed at the University of Saskatchewan.

The Regina Research Park has developed knowledge clusters in fields such as information technology, environmental science and petroleum technology. The park provides specialized infrastructure, including state-of-the-art facilities and support services, to help move important discoveries from the lab into the marketplace.