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City of Regina, Saskatchewan

The City of Regina, SK, BDO Zone for Wheat Straw is rated ‘A’.

Rating Issue Date: July 22, 2022.

‘A’ ratings denote high prospective viability of Feedstock Supply and Infrastructure and low expectations of default risk in the Zone. Capacity to support new biobased plant operations is considered strong.

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BDO Zone Rating

City of Regina, SK, BDO Zone Overview

Feedstock quantities are expressed in Air-Dried Metric Tonnes (ADMT), while feedstock costs are expressed in CAD ($). Maximum transport distance is based on a 110-km driving distance from the center point (City of Regina, SK).

BDO Zone Assets:

Stable long-term outlook on feedstock price and quantity: low impact of seasonal variation on feedstock price and quantity.
Marginal increase in transport cost for substantial wheat straw supply basin.
Large Biomass Availability Multiple (BAM) and a good grower participation rate is available within 150 km.
Relatively large average farm size requires the engagement of fewer growers.
No large-scale competition for wheat straw.
Positively rated infrastructure asset profile.

BDO Zone Liabilities:

Moderate to high probability of necessity to engage third parties to provide square balers for harvest.
Current high wheat costs may serve to lessen grower interest in supplying wheat straw.
Currently 20% of large growers have expressed interest. It is likely there will be greater interest once a biomass plant is commissioned and supply chain gets secured.

Infrastructure

Global Transportation Hub

The Global Transportation Hub (GTH) in the city of Regina, is an inland port facility with just over 1,800 acres. The GTH has been designed for new development and has industrial building sites available that are service-ready and have full utilities.

It is ideally located and designed to accept freight by truck and train. Products can be quickly shipped to domestic locations and the United States via road or rail. Efficient rail connections with deep-water shipping ports, such as Vancouver to the west and Montreal to the east, are also available.

Chuka Creek Business Park

Chuka Creek Business Park is a state of the art container and intermodal terminal facility served by CN Rail. Opening in the fall of 2018, bringing all the strengths of a full functional and connected terminal served CN Intermodal ramp to Regina and region. This gives access to domestic intermodal and international marine containers from many of the world’s largest carriers.

With over 7000 TEU of container storage and apron space and connectivity to the Trans Canada Highway 1, Highways 33, 6 and 11 and its City of Regina location, Chuka Creek Business Park is an ideal location for businesses in the warehousing and logistics, trucking, manufacturing and value added agricultural processing sector to locate and cluster.

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Contact Info

Ryan Magwood

Head of Business Development

BDO Zone Initiative

ryan@bdozone.org

647-962-3286

BDO Zone Local Development Leaders

Chris Lane

President & CEO

Economic Development Regina

Local grants and Incentives

Corporate Tax Incentives:

Saskatchewan offers a refundable 10% tax credit for research and development expenditures.

For manufacturing and processing equipment, there is a 6.8% refundable investment tax credit. In addition, the Manufacturing and Processing Exporter tax incentive provides tax credits for expansion of full-time employees over 2014 baseline.

Saskatchewan Commercial Innovation Incentive (SCII):

This program will reduce the provincial Corporate Income Tax rate for eligible corporations to six per cent for a period of 10 years—on taxable income earned from the commercialization of a broad range of qualifying types of intellectual property in Saskatchewan. This includes patents, plant breeders’ rights, trade secrets and copyright (computer programs and algorithms).

Eligible corporations will be able to extend the benefit period to 15 years if the majority of the related research and development has been conducted in the province. The SCII is open to any company in the world operating in any sector, regardless of where or when the research and development for the qualifying intellectual property occurred.

Saskatchewan Value-Added Agriculture Incentive (SVAI):

The SVAI creates a 15 per cent non-refundable and non-transferable tax credit for new or existing value-added agriculture facilities that make a minimum capital investment of $10 million to expand productive capacity.
To be eligible, a project must demonstrate that capital expenditures were made for the purpose of creating new productive capacity, or increasing existing, productive capacity.
Redemption of the benefits is limited to 20 per cent in year one after the facility enters operation, 30 per cent in year two, and 50 per cent in year three.

Saskatchewan Technology Start-up Incentive (STSI):

Targeted to create the conditions for the continued rapid growth and success of newly emerging technology companies, this incentive will further strengthen the province’s innovation strategy by helping to retain technology start-ups in Saskatchewan.

This two-year pilot program will offer a 45 per cent non-refundable tax credit for individual and corporate equity investments in eligible technology start-up businesses (ESBs) capped at a maximum annual benefit of $140,000 per investor.
To be eligible, ESBs must be early stage technology-based companies located in Saskatchewan, with 50 employees or fewer and at least 50 per cent of those employees being in the province.
Each ESB must successfully complete a technology assessment in order to be considered eligible, with more details to be provided when the program is launched later this year.

Canada Digital Adoption Program:

As part of the Canada Digital Adoption Program, the Government of Canada has partnered with the Saskatchewan Economic Development Alliance, Saskatchewan Polytechnic, Digital Main Street, and Economic Development Regina to deliver the Grow Your Business Online grant to small businesses across the country. The program will be available until March 2025, subject to remaining grant availability.

Eligible businesses will receive a micro-grant of up to $2,400 to help with the costs related to implementing ecommerce and supported by a network of e-commerce advisors.

If you have any questions about the Grow Your Business Online, please view the FAQ.