Five Reasons Why the City of Lacombe Should be on your Business RadarByron Henderson
#1: STRONG POPULATION GROWTH
From 2011 to 2014 the City of Lacombe had a population growth rate of 2.9% per year. Faster than Edmonton 2.5%, Red Deer 2.4%, Alberta 2.4% and Calgary 2.2% during the same time period.
#2: ONE OF THE BEST PLACES TO LIVE IN CANADA
In 2014, Lacombe ranked #4 best places to live in Canada for small-sized cities by MoneySense.ca, a Canadian personal finance magazine and website and ranked #17 best places to live in Canada in the full ranking.
#3: STRONG HOUSEHOLD INCOME
Lacombe become Alberta’s 17th city in 2010 and has a population of 12,728 (2014) and growing, as well as a strong surrounding trade area. Lacombe has a very strong median household income of $101,000 and an average household net worth of $580,000 (Source: Money Sense 2016)
#4: MOST PROPEROUS ECONOMIC REGION IN CANADA
Strategically located in the middle of the Calgary-Edmonton Corridor, this corridor is the most prosperous economic region in Canada, this corridor ranks second in the world in GDP per capita. Located along Highway 2, 20km north of the Red Deer, 115km south of Edmonton and 155km north of Calgary. Highway 2A and Highway 12 intersect the city making Lacombe a great hub of business activity.
#5: BEST MAIN STREET IN CANADA
In 2013, the Canadian Institute of Planners voted the City of Lacombe as having the best main street in Canada.