Located in the heart of Southern Alberta, Lethbridge has one of the most diversified economies in Canada. This diversity leads to numerous options when it comes to investing in Lethbridge. National brands such as Cavendish Farms, PepsiCo, Maple Leaf Foods, Richardson International, and Pratt & Whitney all have operations within the City of Lethbridge. Just outside city limits, in the County of Lethbridge you can find McCain Foods, Lantic Sugar, NewCold and numerous other SME’s that due to their location, help contribute to the Lethbridge economy.
Sherring Business & Industrial Park located in North Lethbridge is home to nearly 350 acres of serviced industrial land and is designed to foster business partnerships and economic growth in Lethbridge. These shovel ready lots include water, sewer, roads, electricity, fiber connectivity and regional storm water retention facilities. Highway infrastructure in the region allows for easy access north and south with Highways 2 and 4 and Interstate 15 through Montana, while Highway 3 runs east/west and eventually connects to Highway 1.
Alberta has one of the lowest combined average federal/state corporate income tax rates in the country, as well as no payroll tax, sales tax, provincial capital tax or tax on financial institutions in the province. Businesses in Lethbridge benefit further from the lack of a Machinery and Equipment Tax. Canada has the added advantage of a publicly- funded healthcare system with no additional health care premiums charged in Alberta.
Industries operating in the Lethbridge area report that our lower cost of living allows them to offer more flexible salaries and benefit rates. Employees are more likely to stay in our city and contribute to our dynamic community because of the quality of life that Lethbridge has to offer.
