Business & Economy

Town of Penhold launches New Home Buyer Incentive Program

The Town of Penhold has launched a new initiative aimed at enticing people to choose Penhold as their home.The New Home Buyer Incentive Program offers individuals purchasing a newly built home a munic...

May 01, 2020 (Town of Penhold)

Extensive downtown recovery program in the works for Red Deer post-pandemic

Put between a rock and hard place, Red Deer city council approved the Business Improvement Area (BIA) Business Tax Bylaw on Thursday. Council had to do so by May 1, as per the Municipal Government Act...

Andrew Snook Apr 30, 2020

Virtual series helps local business navigate COVID-19

Several members of central Alberta's business and economic development community have been gathering virtually these days, in hopes of strengthening a shared resilience during the COVID-19 pandemic.Pa...

Apr 30, 2020

Alberta announces phased economic relaunch strategy

EDMONTON, AB - It should not be much longer before at least some COVID-19 restrictions are lifted.The Government of Alberta announced its "safely staged COVID-19 relaunch" strategy Thursday."I'm confi...

Andrew Snook Apr 30, 2020 Premier Jason Kenney. (Government of Alberta)

WATCH: Premier Kenney announces relaunch strategy for Alberta economy

Premier Jason Kenney will unveil plans for the staged relaunch strategy for Alberta's economy.He'll do so during a news conference scheduled for 3:30 p.m. that you can watch here.Kenney has said the p...

Apr 30, 2020

Oil and gas drilling forecast revised to 49-year low as producers cut spending

CALGARY - The Petroleum Services Association of Canada has revised its 2020 Canadian drilling forecast to an almost 50-year record low of 3,100 oil and gas wells, a level not seen since 2,900 wells we...

Apr 30, 2020

Stats Canada: How businesses have been impacted by COVID-19 pandemic

LETHBRIDGE, AB - It may not come as a surprise to most, but the majority of Canadian businesses have been hit hard in the last two months.Representatives from 12,600 companies across the country took ...

Apr 30, 2020 The Ross Street Patio has been closed during the COVID-19 pandemic (rdnewsNOW file photo)

London Drugs offers help for small businesses struggling during pandemic

London Drugs is offering up shelf space in select stores to local small businesses who have had to close their doors due to COVID-19. Beginning today, small businesses in Western Canada are welcome to...

Apr 29, 2020 rdnewsNOW file photo

Cargill beef plant to reopen next week after COVID-19 outbreak forced closure

CALGARY - Workers are to return Monday to a beef processing plant south of Calgary that was closed for two weeks because of a COVID-19 outbreak. Cargill says its High River facility will restart ...

Apr 29, 2020

County approves additional $500,000 for airport runway repairs

Red Deer County is stepping up with another half-million dollars to help with Red Deer Regional Airport repairs after the City of Red Deer grounded its funding pending a review. Repairs to the seconda...

Apr 29, 2020