Economy, Business and Labour Market
Industry and Businesses | |
---|---|
Key Employers in Community | Most Wynyard residents are employed in agriculture and related services. Agricultural establishments include Lilydale Co-operative Ltd, Wynyard Poultry Farms Ltd, Wynyard Hatchery Ltd, CPR Mashalling Yards, Wynyard Technologies Inc, Goodhall Memorials Ltd, and Big Quill Resources Ltd. There is also a grocery store, a gas station, retail shops, a liquor store, a cannabis store, and restaurants. Key employers include Sofina (200-250); Hospital/Care Home (100); CPR (50); Coop (50); Compass Minerals (30). Compass Minerals, near Kandahar, and Broadgrain, in Dafoe, continue to invest in their facilities and provide a large number of employment opportunities to people from Wynyard and the area. Other employment opportunities are created by the Town of Wynyard project (e.g., arena construction). A list of local businesses can be found here: Wynyard, SK Business Directory, Listings and Search. |
Business Needs / Gaps | Business gaps in Wynyard include insufficient clothing stores and entertainment options. Wynyard has lawyers; however, succession planning in law firms is challenging. |
Business Support | The Wynyard Small Business Start-up Centre provides advice to start-up businesses. The Cornerstone Credit Union provides alternative funding. Business is promoted on the Town of Wynyard website. The community has tax incentives in place for new builds, a two-year full tax exemption on a new building, and a one-year full tax exemption if someone buys an existing business. |
Economic Development Programs / Plans | Town Council is authorizing staff to create an Economic Development Committee. The town also runs workshops and other events to support local businesses. |
Key Economic Challenges in the Community | None Identified |
Labour Force by Key Industry | |
---|---|
All industry categories | 825 |
| 30 |
| 40 |
| 0 |
| 40 |
| 145 |
| 45 |
| 110 |
| 35 |
| 0 |
| 10 |
| 0 |
| 0 |
| 0 |
| 20 |
| 45 |
| 120 |
| 25 |
| 65 |
| 40 |
| 45 |
Labour Market | |
---|---|
Labour Force Statistics | |
In the labour force | 835 |
| 790 |
| 40 |
Not in the labour force | 530 |
Participation rate (%) | 61.2 |
Employment rate (%) | 57.9 |
Unemployment rate (%) | 4.8 |
Labour Market Characteristics | |
Labour Competition | Recruitment and retention of workers is always a challenge. Other job opportunities, such as those offered in the mining sector, affect employment at local businesses. |
Employment Services | Employment services offered by Wynyard include
Sporadic support services for resume writing, interview coaching, counselling, and job coaching are offered through such institutions as the CTRC. |
Challenges | Wynyard worries about the shortage of skilled workers in the community. There is a current need for trades, especially millwrights. |