A sustainable local economy exists when residents are able to meet their basic human needs for survival without facing financial hardships. From a community perspective, local businesses are strong and successful, the cost of living is appropriate, and diverse jobs are available for people with differing levels of skill, training and education.
Families in the Brooks Newell Region enjoy a pleasant lifestyle as they earn a median income of $85,439 after tax. This is in line with the Canadian average of $78,400. Those who choose to live and operate a business in the Region are at an advantage compared to those who choose to live in larger cities and earn less.
In general, Albertans typically enjoy a higher family income than other parts of Canada.
To find out how much you could earn, visit OCCinfo and select your occupation.
Alberta offers many cost-of-living advantages, such as:
Residents in every other province pay up to 10% in addition to the Goods and Services Tax (GST) paid by all Canadians.
The Brooks Newell Region encourages and supports commercial and retail developments that will give residents shopping variety. Enhanced downtowns, the development of shopping districts, or the addition of new, integrated commercial properties will promote local shopping and help support local businesses (both new and existing).
We will encourage economic and job diversification by attracting new firms, businesses and industries to our region. A diverse job market will help our residents weather the storm of booms and busts.
The Brooks Newell Region will continue to support affordable housing initiatives for those people that meet applicable requirements. These developments should embrace modern urban planning principles and be constructed within the community.
The Brooks Newell Region will work to attract and retain young, educated professionals that will be committed to practicing their profession in our community; this may be done through scholarships, sponsorship, incentives or a co-op program. Nurturing this talent will ensure that high quality services will be available to our residents in future years.