In the dynamic landscape of Alberta’s business environment, Olds stands out as a beacon of opportunity. With its unique blend of resources, community spirit, and strategic advantages, it’s no wonder that Olds is fast becoming the go-to destination for discerning entrepreneurs. Here’s a deeper dive into why:
Shovel Ready Lands for Development
Olds offers over 500 acres of industrial land for development. Over 100,000 sq. ft of commercial property for sale or lease and over 200 acres of available medium density land for residential development.
Highly Competitive Incentives
A comparative of Olds to similar sized communities and Alberta’s major cities reveals that Olds non-residential and residential tax rates are among the very lowest in the province overall. This topped with multi-year tax exemptions for new developments, one of the lowest off-site levy rates in the province Olds is truly a locational advantage for business and residents.
Strategically Positioned for Success
Olds’ location, just 90 kilometers north of Calgary, places it at the crossroads of major trade routes. This ensures businesses in Olds have a logistical advantage, connecting them seamlessly to larger markets while retaining the charm and benefits of a tight-knit community.
A Robust Landscape for Investment
In 2022, Olds reported a significant increase in local business licenses, indicating a thriving entrepreneurial spirit. Steadily rising building permits increased from $9.4 million in 2021 to 14.8 million in 2022 illustrating the investment being made by both business and residents alike.
Cutting-Edge Research, Innovation and Resources
Olds is home to the renowned Olds College of Agriculture and Technology, which has been a game-changer for agricultural innovations with its Technology Access Centre for Livestock Production. Furthermore, the Town of Olds’ commitment to community and economic development offers businesses a wealth of resources and support.
Community: The Heartbeat of Olds
With a projected 1.76% compounded annual growth rate since 1986 the community’s support for local businesses is palpable. Annual events, local business promotions, and a genuine sense of pride in home-grown brands make Olds a nurturing environment for startups and established businesses alike.
Success is the Norm, Not the Exception
From local retail giants that have expanded beyond Olds to global markets and tech startups making national headlines, success stories are commonplace. These narratives serve as both inspiration and testament to the town’s conducive business environment and the entrepreneur spirit
A Future-Focused Town
Olds was one of the first towns in Canada to have community-owned gigabit internet services O-net. This forward-thinking approach, combined with a commitment to sustainability and innovation, makes Olds a magnet for modern entrepreneurs.
For potential business owners evaluating their next move, current business magnates looking to expand, or community members eager to support local ventures, Olds presents itself as the perfect blend of opportunity, support, and growth.
