Rent reduced for Riders, early budget items approved by Regina Council
2h ago
Council retroactively slashed $1.33 million in rent owed by the Roughriders.
Canadian Western Agribition’s economic impact on Regina has grown over the past five years.
According to a study done after the 2022 show by Praxis Consulting Ltd., Agribition’s economic impact on Regina and Saskatchewan last year was $96.5 million. That’s up from $73.6 million in 2017, representing a 31 per cent increase.
“Our show is a major economic driver for the province and its residents, directly or indirectly supporting one out of every 190 jobs in the Regina area,” CWA CEO Shaun Kindopp said in a release. “The results of this study are a testament to the growth and success of Agribition.”
The study said the 2022 show contributed $60.6 million to the provincial GDP, and created or maintained 902 jobs in the province and 730 jobs in the Regina region.
According to the study, the show generated a peak of $979,000 in trade show booth sales, $1.7 million in trade show vendor sales to people who attended, and livestock sales totalling $2.2 million.
Praxis determined Agribition created $17.7 million in government revenue, with $8.3 million in federal revenue, $8 million in provincial revenue, and $1.4 million in municipal revenue.
“We’re proud to have such a positive impact on our province and city and look forward to continued growth in the future,” Kindopp said in the release.
Complete financial details are to be presented at the Canadian Western Agribition annual general meeting on April 19.