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Highlights

Just over a year ago we introduced Invest Grande Prairie, a new brand for the Economic Development department at the City of Grande Prairie.

This rebrand has allowed us to represent ourselves on the global market, create focused content for the business community, and streamline business and development services into one.

Grande Prairie is a youthful, fast-growing community, home to a skilled workforce and diversified economy.

Get your applications in for three of our grant opportunities before the December 30, 2022 deadline


The Invest GP team is here to guide you through the process and answer any questions you have along the way!

❇️ Residential Infill Grant
A $15,000 grant per infill lot for new construction or reconstruction projects.

❇️ Municipal Fee Rebate
A grant equal to 100 % of the City imposed portions of all Inspection Services Permit Fees, Engineering Services Fees and Planning & Development Fees to a maximum of $10,000. Land Use Bylaw Amendment Fees may be rebated 100% for an approved application and 50% for applications not approved.

❇️ Business Revitalization Grant
A grant matching 50% of construction costs up to a maximum grant amount of $25,000. An eligible Business Revitalization Grant amount shall not be less than $5,000 or more than $25,000.
 
For more information on the available grants and incentives, visit Economic Development or email ecdevinfo@cityofgp.com.

Moving in the Flight Direction

Located at the Grande Prairie Regional Airport, Adventure Aviation draws students from all over the world, making Grande Prairie home to one of the finest flight schools in all of Canada.

Grande Prairie provides Adventure Aviation with the ideal location and demographic to successfully run its business. In turn, Adventure Aviation brings many unique opportunities to our city.

Visit investgrandeprairie.com to read the full story!


What makes your business
innovative or unique?


How did your business come to be?
Tell us your story by emailing ecdevinfo@cityofgp.com.
To be considered, businesses must be within Grande Prairie city limits, and have a business license. Please note: Not all submitted stories will be published.  

Housing

In October 2022, 90 homes were sold in the city, down from the 119 sold in October 2021. The average residential sale price in October was $308,269.

Year-to-date, 1,306 homes have sold in the city, a 7% increase from the same period last year. 

Housing Starts

Grande Prairie saw 4 single-family starts and 4 multi-family starts in October 2022, compared to 7 single-family and 5 multi-family starts in the same month last year.

As of the end of October, the city has seen a 63.9% increase year-to-date in total starts compared to the same time in 2021.

New Construction

67 building permits worth over $13.8 million were issued in October 2022, compared to 60 permits worth over $9.3 million in October 2021, a 12% increase in volume and 47.9% increase in value.

Permits pulled in October 2022 included numerous commercial alterations and tenant improvements worth over $2.4 million combined, including a new store opening up in the Prairie Mall.

Year-to-date, the City has issued 674 building permits worth over $111.7 million, up from the 552 worth over $75.3 million issued over the same period last year.

The City’s Open Data Portal now includes building permit data. Click on the links below for interactive data showing permit details mapped out across the city.

2022 Data I 2021 Data | 2020 Data

Employment

The region's unemployment rate remained the same at 5.7% for September and October. Provincially, the unemployment rate saw a decrease from 5.4% in September to 5.2% in October. 

Drilling Report

833 Drilling Licenses have been issued in the Grande Prairie region this year. Up over 35.2% from the 616 Drilling Licenses for the same period in 2021. Of the licenses issued to date in 2022, 281 were for oil, 529 for gas and 23 for other industry-related wells. This is compared to 2021, with 237 oil and 370 gas and 9 for other industry-related wells.

Completions were up 36%, with 862 completions year-to-date for 2022 compared to 635 for the same period last year.

Overdimensional Vehicles

814 over-dimensional vehicles passed through the city in October. Year to date for October 2022 the City has seen 7,239 overdimensional vehicles which is a 20% increase over the same period last year.

Increased overdimensional vehicles indicate increased equipment activity (drilling rigs and shacks) headed to energy plays.

Commodities

For more details, check out GLJ Global Energy Consultants 

Power Update

"October 2022 settled at $142.34/MWh, representing a 48% increase from October 2021’s settle of $96.35/MWh, and a 47% decrease from last month’s settle of $266.39/MWh. The maximum pool price was $976.60/MWh, compared to $999.99/MWh in September."

For more details, check out TC Energy's Power Market.

New Business Openings

October 2022 welcomed 23 new businesses to Grande Prairie. Of the 23 new businesses, 9 were Home Based and 14 were Commercial. 

Travel

The Grande Prairie Airport saw 20,744 passengers pass through its doors in September 2022, compared to 9,089 in 2021, a 128% increase.

The average hotel occupancy rate in Grande Prairie was 61.5% for August 2022, which was an increase from 57.2% for the same period in 2021.

Updated hotel statistics weren't available for September 2022 at the time of publication. Keep an eye on the  Alberta Tourism Market Monitor as data is released. 
 

News

Events

Complimentary training available 

Immigration Refugees and Citizenship Canada Programs

Key updates affecting IRCC programs
Wednesday, December 7, 11:00AM-12:00PM

To register check out IRCC

Level Up Series: Story and Content
Thursday, December 1, 1:00PM-2:00PM

Level Up Series: The Marketing Mix
Thursday, December 15, 1:00PM-2:00PM

Level Up Series: Social Success
Thursday, January 12, 1:00PM-2:00PM

Level Up Series: Email Marketing
Thursday, January 26, 1:00PM-2:00PM

To register check out Business Link
 
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Economic Development · 217 - 11330 106 Street · Grande Prairie, Alberta T8V 7X9 · Canada

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