TD Economics found Red Deer at the centre of one of the hottest economic regions in the world.
The Red Deer Region is strategically positioned from all possible perspectives. Its unique location, midway between Alberta’s two largest cities on the Highway 2 Corridor, provides local companies with easy access to a trade area of 200,000 people and a distribution capacity of over two million people within a 90-minute drive.
Businesses within the region also share in the benefits of operating in Alberta—a province that has distinct advantages over its counterparts in other areas of the country and the continent. Alberta is a diverse and thriving province. It is blessed with an abundance of natural beauty, clean air, clean water and the lowest taxes in Canada. The Calgary-Red Deer-Edmonton Corridor is recognized around the world as a major economic force. The Corridor produced a per capita GDP second only to Luxembourg. TD Economics estimated the per capita GDP at $40,000 (US)—well ahead of the United States, Norway, Switzerland and Ireland. This is almost $15,000 higher than Canada's national average.