Winnipeg’s Recent Record
Winnipeg is an investor’s dream: stable, diversified and alive with big business opportunity.
As your downtown goes, so goes your city. With $2.8 billion in public- and private-sector investment since 2005, the pace of Winnipeg’s downtown development is virtually unprecedented. Not since Winnipeg’s ‘boom’ period, which ended in the 1920s, has there been a comparable level of development. With over 120 significant projects either completed or commenced in the last decade—and others already slated that total hundreds of millions of dollars—downtown Winnipeg’s dramatic transformation is setting the stage for future growth citywide.
Why Capital Investment Matters
Capital expenditures create future productive capacity. They are an expression by the business community of confidence in the future. For the economy, capital expenditures are essential to maintain existing productive capacity, improve productivity in existing industries and allow development of new industries.
In 2014, Manitoba’s total capital expenditures totaled $12.4 billion, increasing by 5.6 per cent per year from 2009 to 2014 (less than one per cent lower than the national rate of 6.4 per cent). In comparison to other provinces, Manitoba had the fourth-best growth rate.
Total Capital Expenditures Per Cent Change by Province from 2009 to 2014