Winnipeg, Manitoba

Being the seventh largest municipality in Canada, Winnipeg is the capital city of the Province of Manitoba, a vast, resource rich province. With an ethnically diverse population, Winnipeg dominates the Manitoba economy. With competitive operating costs, and among the lowest hydro rates in North America, its location in the centre of the continent means that the city benefits from being in North America’s central time zone. Winnipeg’s position at the geographic centre of North America results in several tangible advantages. Products and services can be supplied from Winnipeg to customers across North America on a responsive and equitable basis. Winnipeg is highly accessible from any point in North America, and is a natural meeting place and destination for conventions, sales meetings, and trade shows. Its location in the central time zone results in a larger “business window” than cities in other time zones. Providing more timely service to customers on both coasts during a normal business day often results in “same day” rather than “next day” response.

Winnipeg has a diversified economy, with sectors covering finance, manufacturing, transportation, food and beverage production, culture, government, retail and tourism. According to the Conference Board of Canada, Winnipeg has the third-fastest growing economy among Canada’s major cities.

Some of Winnipeg’s largest employers are government and government-funded institutions, including: The Province of Manitoba, the City of Winnipeg, the University of Manitoba, the Health Sciences Centre and Manitoba Hydro. Significant Private sector employers include: Manitoba Telecom Services, Ipsos Reid, Canwest, Great West Life Assurance, Motor Coach Industries, Boeing Canada Technology, Briston Aerospace, Nygard International and Investors Group. In 2006, Winnipeg was ranked by KPMG as one of the least expensive locations to do business in Canada.

The Winnipeg James Armstrong Richardson International Airport is currently undergoing a $585-million redevelopment. The development includes a new terminal, a four-level parking facility, and other infrastructure improvements. Approximately 20,000 acres (81 km2) of land to the north and west of the airport has been designated as an inland port, CentrePort Canada, and is Canada’s first Foreign Trade Zone. It is a private sector initiative to develop the infrastructure for Manitoba’s trucking, air, rail and sea industries.