Regina ranked seventh as one the best major Canadian cities in which to run a business, according to the 2013 Communities in Boom report from the Canadian Federation of Independent Business (CFIB).
Growing communities raise property values, utilize infrastructure more effectively and provide residents with a greater range of economic and social opportunities.
The results are scores from 14 indicators that are grouped into 3 main categories:
- Presence is a representation of the scale and growth of business ownership, as well as it's industrial diversity
- Perspective covers indicators associated with optimism and growth plans
- Policy represents indicators associated with the actions local governments take with respect to business taxation and regulation.
The Top Ten cities are:
- Greater Calgary (AB)
- Saskatoon (SK)
- Greater Toronto (ON)
- Greater Edmonton (AB)
- Sherbrooke (QC)
- City of Edmonton (AB)
- Regina (SK)
- Kelowna (BC)
- St. John's (NL)
- Saguenay (QC)
The top mid-sized cities include Lloydminster AB/SK; Red Deer, AB, Leamington, ON, Grande Prairie, AB and Riviere-du-Loup, QC. The annual report attempts to identify cities' relative entrepreneurial strengths and weaknesses, looking at supportive local government.
Some measures of what makes a "boom-town" are obvious, such as a high concentration of entrepreneurs and a high business start-up rate.