Entrepreneurs are always on the lookout for locations that not only offer a conducive environment but also tangible financial benefits. Olds, Alberta, is emerging as a prime choice for many, and here’s why:
Affordable Real Estate:
One of the primary overheads for businesses is real estate. In Olds, this cost is significantly reduced. The town boasts over 500 shovel-ready industrial acres. When compared to many other communities in Alberta, Olds offers land values and development fees that are considerably lower than in similar sized communities and major cities like Calgary or Edmonton. This affordability translates to higher profit margins on new builds.Â
Tax Benefits Galore:
The non-residential tax rate in Olds stands at 0.01202526, which is nearly 5 times lower than Calgary’s 0.05636343. This competitive rate, one of the lowest in Alberta, ensures businesses can manage their operational costs effectively. Additionally, Olds extends targeted incentives such as multi-year tax exemptions for new developments, allowing businesses to thrive without undue financial burdens in the initial years.
Booming Construction:
Olds is a town in economic ascent. In 2022, it drew $14.8 million in construction investment, a significant rise from $9.4 million in the previous year. This surge is indicative of the town’s commitment to creating a vibrant business ecosystem.
Logistical Excellence:
Olds is not just about affordability; it’s about strategic advantage. Located a mere 90 kilometers north of Calgary, businesses in Olds are positioned perfectly for logistics. The town’s direct rail connections through Canadian Pacific link it to vital seaports in Vancouver and Prince Rupert, ensuring swift and efficient distribution of goods.
Unparalleled Investor Support:
Olds takes investor relations seriously. The town offers a unique Investor Concierge service. This personalized service ensures that investors receive guidance at every step. The Technical Readiness Team (TRT), a collaboration of Department Managers from four Town Departments, works tirelessly to expedite the assessment and progression of investments. This dedicated support ensures businesses can navigate the intricacies of regulations and focus on growth.
A Life Beyond Business:
Olds is not just about work; it’s about life. The town offers its residents a rich tapestry of experiences. With a strong sense of community, myriad local events, and the perfect blend of urban amenities in a small-town setting, Olds is an ideal place for both business owners and their teams. The town’s Crime Severity Index (CSI) of 84.07 in 2022, significantly lower than the Alberta provincial average, underscores its commitment to safety and a high quality of life for all.
For entrepreneurs eyeing a location that offers both financial and strategic advantages, Olds, Alberta, is hard to overlook. With its cost benefits, logistical strengths, and streamlined regulatory framework, Olds is truly a town where businesses can flourish.
