Contribution of Edmonton’s local businesses to Canadian Economy

Local businesses in Edmonton play a significant role in contributing to the Canadian economy. Let’s explore their impact:

  1. Employment and Workforce:
  2. Gross Domestic Product (GDP):
    • Local companies, especially small ones, contribute significantly to Canada’s GDP.
    • In 2018, the small business sector contributed 37.5% of Canada’s GDP, while medium-sized businesses added another 14.4%.
    • The combined contribution from companies employing up to 500 members of staff reached 51.9% of the total GDP2.
    • In summary, local businesses in Edmonton are not only engines of economic growth but also vital components of the Canadian identity. Their contributions extend beyond financial figures—they create jobs, foster community connections, and shape the nation’s prosperity.

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