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Looking Back, Moving Forward
Grande Prairie thrives due to its numerous unique and successful businesses and their entrepreneurs. These entrepreneurs are your friends and neighbours. When you do business with them it directly supports our local economy.
The Invest Grande Prairie team has spent the last year sharing many stories of local businesses from different sectors, showcasing how they enhance our community, region and beyond our city’s limits.
These businesses and entrepreneurs dare to do things differently and play an important role in stimulating economic growth. They also are integral to improving the overall prosperity of the community.
Some of the key sectors we have highlighted over this past year are agriculture/food production, clean energy/technology, forestry/manufacturing, healthcare/life science, retail services, transportation, and logistics.
We look forward to continuing to share more stories from our local businesses and highlighting other key sectors in our community in the new year.
What is your business doing that is innovative or unique? Help us share your story by emailing ecdevinfo@cityofgp.com.
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In November 2022, 66 homes were sold in the City with an average residential sale price of $325,414.
Year-to-date, 1,372 homes have sold in the City, a 3% increase from the same period last year.
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Grande Prairie saw 15 single-family starts and 7 multi-family starts in November 2022, compared to 10 single-family and 5 multi-family starts in the same month last year.
As of the end of November, the City has seen a 61.8% increase year-to-date in total starts compared to the same time in 2021.
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46 building permits worth over $3.6 million were issued in November 2022. Permits included numerous commercial alterations and tenant improvements worth over $1.1 million combined, including a Mucho Burrito and Buster's Pizza in the Cobblestone Plaza.
Year-to-date, the City has issued 720 building permits worth over $115.3 million, up from the 600 building permits worth over $82.9 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
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The region's unemployment rate saw a slight decrease from 5.7% in October to 5.6% in November. Provincially, the unemployment rate saw a decrease from 5.2% in October to 5.0% in November.
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955 Drilling Licenses have been issued in the Grande Prairie region this year, up over 36% from the 702 Drilling Licenses for the same period in 2021. Of the licenses issued to date in 2022, 333 were for oil, 599 for gas and 23 for other industry-related wells. This is compared to 2021, with 279 oil and 410 gas and 13 for other industry-related wells.
Completions were up 31%, with 957 completions year-to-date for 2022 compared to 731 for the same period last year.
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827 over-dimensional vehicles passed through the City in November. Year to date for November 2022 the City has seen 8,066 overdimensional vehicles which is a 15% increase over the same period last year.
Increased overdimensional vehicles indicate increased equipment activity (drilling rigs and shacks) headed to energy plays.
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"November 2022 settled at $186.84/MWh, representing an 89% increase from November 2021’s settle of $99.07/MWh, and a 31% increase from last month’s settle of $142.34/ MWh. The maximum pool price was $999.99/MWh, compared to $976.60/MWh in October." For more details, check out TC Energy's Power Market.
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November 2022 welcomed 25 new businesses to Grande Prairie. Of the 25 new businesses, 9 were Home Based and 16 were Commercial.
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The Grande Prairie Airport saw 25,184 passengers pass through its doors in October 2022, compared to 12,936 in 2021, a 95% increase.
The average hotel occupancy rate in Grande Prairie was 62.9% for September 2022, which was an increase from 49.1% for the same period in 2021.
Updated hotel statistics weren't available for October 2022 at the time of publication. Keep an eye on the Alberta Tourism Market Monitor as data is released.
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Complimentary training available
Grow Your Small Business on Instagram
Thursday, January 5, 8:00AM-9:30AM
Google Ads for Small Business
Tuesday, January 10, 8:00AM-9:30AM
Facebook and Instagram Advertising on a Small Budget
Thursday, January 19, 5:00PM-6:30PM
To register check out Digital Main Street
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
MVP Series: Don't Be Afraid- It's Customer Discovery
Tuesday, January 24, 6:00PM-8:00PM
MVP Series: 99 Problems But Value Prop Ain't One
Tuesday, January 31, 6:00PM-8:00PM
MVP Series: Testing, Testing/ Show & Tell
Tuesday, February 7, 6:00PM-8:00PM
To register check out Women Entrepreneurs-in-STEM Program
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