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Economic Development

The Town of Redwater is a vibrant, welcoming community, home to approximately 2,200 people and 120+ businesses. Residents enjoy the healthy, relaxed lifestyle of their picturesque rural surroundings with the added bonus of easy access to urban amenities.

Unique Location Brings Employment Opportunities

Located in Sturgeon County, only 35 minutes from Edmonton and Fort Saskatchewan we are 5 kms from Alberta’s Industrial Heartland. Redwater brings easy access for industry employees, with its close proximity to major transportation routes (Highways 28 & 38 w/rail access), and direct access to Fort McMurray, Alberta. The volume of activity that we realize daily from the Oil & Gas sector is expansive.

Full Service Community

Redwater offers K-12 schools with Registered Apprenticeship Programs, quality emergency & medical services, RCMP detachment, a first class recreational and cultural facility, a 9-hole golf course, curling club, outdoor swimming pool, as well as numerous parks & sporting venues. Perfect for nature hikes and bird watching with over 100 km of trails for equestrian and recreational use.

Dedicated to Development

With growth comes the need for commercial retail development. Family restaurants, fast food chains, grocery stores, coffee shops and staple amenities would all realize great return on their investment in the short and long term. The municipality is dedicated to future development, offering a one year Property Tax Rebate for new residential construction. Our municipal team will work with developers and investors alike to provide the most current, relevant & comprehensive information available.

Our region is a hub of activity generated by the presence of industry and commerce, predominantly through the growing oil and gas trade.  We welcome the opportunity to make our community your home!

Contact our Economic Development Officer for more information or to set up a community tour.

Quick Facts

  • The deferral to June of GST/HST payments, as well as customs duties owing on imports, will generally apply to remittances that become due in March, April, and May. These amounts would normally have been due to the Canada Revenue Agency and the Canada Border Services Agency as early as the end of this month. This measure will take effect immediately, through existing authorities.
  • The Canada Revenue Agency is introducing a series of administrative measures to remove some of the burden on businesses experiencing financial hardship.
  • The new Canada Emergency Business Account will provide funding to eligible financial institutions so that they can provide interest-free loans in the form of lines of credit of up to $40,000 to businesses with payrolls of less than $1 million. A quarter of this loan (up to $10,000) is eligible for complete forgiveness.
  • The new Small and Medium-sized Enterprise Loan and Guarantee program will operate as follows:
    • Export Development Canada will provide guarantees to financial institutions so that they can issue new operating credit and cash flow term loans of up to $6.25 million to small and medium-sized businesses. These loans will be 80 per cent guaranteed by Export Development Canada, to be repaid within one year.
    • Small and medium-sized businesses can also get support through a new Co-Lending Program that will bring the Business Development Bank of Canada together with financial institutions to co-lend term loans to these businesses for their operational cash flow requirements. Eligible businesses may obtain incremental credit amounts of up to $6.25 million through the program, which will be risk-shared at 80 per cent between the Business Development Bank of Canada and the financial institutions. Eligible financial institutions will conduct the underwriting and funding directly for customers. 
  • The government has already introduced several measures to support businesses affected by COVID-19:
    • Providing eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10 per cent of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. Businesses will be able to benefit immediately from this support by reducing their remittances of income tax withheld on their employees’ remuneration.
    • Extending the maximum duration of the Work-Sharing program, from 38 weeks to 76 weeks, for workers who agree to reduce their normal working hours because of developments beyond the control of their employers.
    • Establishing a Business Credit Availability Program, largely targeted to small and medium-sized businesses, through the Business Development Bank of Canada and Export Development Canada. These organizations are working closely with private sector lenders to coordinate on credit solutions for individual businesses, including in sectors such as oil and gas, air transportation, and tourism.
    • Increasing credit available for farmers and the agri-food sector through Farm Credit Canada.
    • Deferring the payment of income taxes. The government is allowing all taxpayers to defer, until after August 31, 2020, the payment of income tax amounts owed on or after March 18 and before September 2020. This relief would apply to tax balances due, as well as instalments, under Part I of the Income Tax Act. No interest or penalties will accumulate on these amounts during this period.

March 27, 2020 Full Press Release

The Alberta Government has provided a set of three posters to support awareness and actions that can be taken to help prevent the spread of COVID-19 in Alberta. Please feel free to download and print to post this information within your business. >> CLICK HERE TO ACCESS POSTERS

Below are a list of other Provincial Resoucres to help support your business.

Alberta Biz Connect

OHS: Respiratory viruses and the workplace

Employment standards rules

Business continuity planning

POSTERS: Help Prevent the Spread

For the most up to date information from the Government of Alberta regarding the COVID-19 virus >> CLICK HERE