Weyburn is one of only two mid-sized urban centers in an economic region with a population of over 40,000 and, as such, acts as a business and retail hub for the surrounding rural municipality and smaller communities in the area. The Weyburn region has seen unprecedented growth over the last few years due mainly to oil and gas exploration and economic growth projections are based heavily on current and future investment in the Bakken Oil Field.
Although oil and gas is considered the largest economic driver in the region, agriculture and related industries continue to add substantially to the region's economic production. The southeast region maintains agricultural revenues higher than the provincial average, especially in cereal crop production, and overall farm capital is 14 percent higher than the provincial average.
The City of Weyburn is faced with arise in periods of rapid growth, including low vacancy rates and limited housing supply, as well as required infrastructure upgrades and improvements to business districts. Community plans to prepare for growth and development are vital to sustaining economic activity and investing in the future to capitalize on periods of economic revival. As the community grows, investment in the residential development will provide housing and further economic stimulus to help the community and region thrive.
City of Weyburn: www.weyburn.ca
Saskatchewan South East Enterprise Region: www.sseer.ca
Weyburn Chamber of Commerce: www.weyburnchamber.com
Discover Weyburn: www.discoverweyburn.com
Weyburn This Week: www.weyburnthisweek.com