REGINA - Canadian Western Agribition reported there was a big economic impact as a result of their 2022 show.
The organization released a recent economic impact study by Praxis Consulting Ltd. which showed a 31 per cent increase in the overall economic impact since its last assessment, bringing the total contribution to $96.5 million.
That is up from $73.6 million in 2017.
The study also pointed to strong sales figures from the 2022 event with a peak of $979,000 in trade show booth sales, as well as livestock sales totaling $2.2 million.
The study also noted that CWA generates $17.7 million in government revenue annually, with $8.3 million in federal revenue, $8 million in provincial revenue, and $1.4 million in municipal revenue.
"Our show is a major economic driver for the province and its residents, directly or indirectly supporting one out of every 190 jobs in the Regina area," said CWA CEO, Shaun Kindopp in a news release. "The results of this study are a testament to the growth and success of Agribition."
Other numbers of note include $60.6 million towards provincial GDP, 902 jobs created or maintained in the province, and 730 jobs locally. CWA states that full financial details will be presented at their Annual General Meeting on April 19.
"We're proud to have such a positive impact on our province and city and look forward to continued growth in the future," said Kindopp.
