#2 Financial
Capital
Olds, Alberta is a thriving and vibrant community that offers a range of financial opportunities to investors and businesses. The town boasts a strong economy and a supportive business environment, making it an attractive location for companies looking to establish or expand their operations. Olds is strategically located along major transportation corridors, making it a key transportation hub for businesses operating in the region.
Region: Olds, Sundre, Didsbury, Carstairs
*may also include the Calgary region
Region: Olds, Sundre, Didsbury, Carstairs
*may also include the Calgary region
Region: Olds, Sundre, Didsbury, Carstairs
*may also include the Calgary region
Olds, Alberta is home to several financial institutions, including banks and credit unions. These institutions offer a range of financial products and services, such as savings and chequing accounts, loans, mortgages, and investment options, as well as online and mobile banking services for the convenience of their customers. While banks are typically larger, more traditional institutions that offer a wide range of services, credit unions operate differently, as they are owned by their members and prioritize personalized services and competitive rates. Regardless of whether you choose a bank or credit union, the financial institutions in Olds provide a range of options to meet your financial needs.
Olds, Alberta has a diverse array of financial and insurance services available to its residents. Whether you're looking for personal banking solutions, investment opportunities, or insurance products, there are options to suit your needs. The financial institutions in Olds offer a range of services, including checking and savings accounts, mortgages, loans, and credit cards. They also provide financial planning and investment advice for those looking to grow their wealth. Insurance services include coverage for homes, vehicles, businesses, and more. Additionally, many of these institutions have online and mobile banking capabilities, making it easy to manage your finances on-the-go. Overall, residents of Olds have access to a variety of financial and insurance services to help them achieve their financial goals and protect their assets.
Olds and region boast a robust and diverse economy, with a range of financial indicators that demonstrate the town's economic strength. The population in Olds has increased 27% since 2006 and continues to climb. The labour force participation rate has climbed from 68% in 2021 to 71.7% in 2023. Median household income is $82.9K, just above the national average. And the business sector is thriving with 85 new businesses starting in 2022 leading a total of over 600 businesses operating.
Supported by a range of industries, including agriculture, retail trade, construction, manufacturing, and healthcare, among others, Olds provides attractive opportunities for investors and businesses looking to establish or expand their operations. Overall, the financial economic indicators for Olds demonstrate a strong and growing economy, with a business-friendly environment that makes it an ideal location for businesses and entrepreneurs.
Invest Olds is a comprehensive resource for businesses and investors interested in the vibrant community of Olds, Alberta. We provide essential information for anyone looking to invest in this thriving region.
Investors are served by an Investor Concierge, a Technical Readiness Team (TRT), and a Development Investment Readiness Tech Team (DIRTT) who streamline the investment process. Your Concierge assists with each step of the process from regulation to ribbon cutting we are here for you. Invest Olds stimulates investment through a host of incentive programs to make an investment not only easy but viable.
Yes, stimulating economic growth and investment is the main priority of Invest Olds. The Town of Olds offers tax incentives for residential and commercial and industrial development. The provincial and federal governments have implemented several stimulus programs to support the growth of business in Olds. See our Stimulus page.
Yes, streamlined regulatory processes are one important advantage for Olds and this backstopped with some of the lowest municipal taxes and development fees in Canada sets Olds above all others.
