WEYBURN – Weyburn Regional Economic Development (WRED) fully supports the Seven Stars Energy Project and recognizes the substantial economic benefits it will bring to the region, the organization said in a media release on March 4.
With an estimated economic impact of $3.4 million to $4 million annually, this project represents a total investment of approximately $100 million over its 30-year lifespan, creating lasting opportunities for businesses, workers and the local economy, the organization added.
The Seven Stars Energy Project will generate employment, increase demand for local services, and drive revenue for businesses of all sizes, WRED noted. Construction companies, equipment suppliers, transportation services and hospitality providers will all experience increased activity. Additionally, local restaurants, retail stores and service providers will benefit from the influx of workers and business representatives supporting the project, WRED said.
“When projects like Seven Stars move forward, the positive economic effects are felt across the entire region,” said Monica Osborn, executive director of WRED. “A new investment doesn’t just mean jobs in construction and energy – it means more customers for local coffee shops, higher demand for accommodations, and increased sales for retail businesses. The effects are widespread, touching nearly every sector of our economy. This kind of sustained economic activity can even lead to wage increases for employees at small businesses, creating more financial stability for families in our community.”
Clean energy projects like Seven Stars also align with broader regional economic development initiatives, WRED noted. Prairies Economic Development Canada (PrairiesCan) funds programs that support small business growth and a prosperous, sustainable Prairie economy. Economic growth driven by major investments, combined with additional resources and loan assistance to small businesses, all contribute to a vibrant community. As the local economy strengthens, businesses gain greater access to funding, mentorship and expansion opportunities, creating a cycle of economic success that benefits both industry and entrepreneurship.
WRED remains committed to supporting all forms of investment, whether in renewable energy, oil and gas, health care, lithium, agriculture, IT or other industries. Every project, big or small, contributes to the economic vitality of the region and helps build a sustainable future for Weyburn and the surrounding area.
“Our message is clear – Weyburn is open for business,” added Osborn. “We welcome any company looking to invest in our region, and we will continue to work with industry leaders to create an environment that supports growth, innovation and long-term success.”
