Mission The Chamber is an independent, non-profit, volunteer organization dedicated to enhancing the business community of Regina by actively promoting economic growth and providing a collective voice for the benefit of our members.
Vision The Chamber is the essential investment for the future of every business in Regina. We lead Regina toward an economic and social environment that fosters wealth creation and economic growth making Regina the best place to live and do business.
The Facts on Property Tax The following chart is based on the current tax policy utilized by the City of Regina which compares a residential property and a commercial property with the same fair value of $250,000. Please note that the commercial property pays $7,365.40 more than a residential property or more than double the amount.
Property Type
Fair Value
Assessment
Mill Rate
Factor
Tax
Residential
$250,000
$175,000
39.434
0.85494
$5,899.90
Commercial
$250,000
$250,000
39.434
1.34557
$13,265.30
Variance
$7,365.40
Relative Rate
2.2
*Based on the combined mill rate of 39.434 which includes the City, School Boards and Library levies. **Note, if Regina had the same policy as Saskatoon of getting to a 1.75 relative tax rate the commercial property would pay $10,324.82 a difference of $2,940.48.
Employee Retention: Good for Business Christine Crowe The signs are everywhere in Regina. "Servers wanted." "F/T and P/T positions available. Great benefits." "Stop your search. Work here. Signing bonus available." Thanks to a robust economic environment in Western Canada, it is a job-seeker's market. However, what is good for employees is not ideal for employers, who are ultilizing their current human resources to capacity while trying to recruit new employees to fill the gaps in their workforce. With hot competition for a limited labour pool within and across all industries, many employers are struggling to find ways to get workers in the door.
It is the largest Indian settlement ever undertaken between the federal government and Canadian First Nations: the Indian Residential Schools Settlement Agreement (IRSSA) will see a multiphase approach to address this chapter in Canadian history that includes personal compensation to students, funding for individual, family and group counselling, and monies set aside for public processes of healing and reconciliation.
Understanding Urban Reserves Recently, Regina City Council unanimously approved a servicing agreement that will help pave the way for establishing an Urban Reserve in North Central Regina. Under its Specific Claim Settlement Agreement with the federal government, Piapot First Nation purchased vacant commercial land at 1101 Angus Street through its holding company Kehiew Holding Inc; the Reserve could include a variety of commercial enterprises such as a gas station, grocery store or office space.
Action Regina Maximizing Regina's Growth Potential
