Economic Development Winnipeg reports increase in events, revenue for 2017
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Hey there, time traveller!
This article was published 11/05/2018 (2933 days ago), so information in it may no longer be current.
Winnipeg’s economy was booming in 2017, thanks to sports, cultural events, and more meetings and conferences than in previous years, according to Economic Development Winnipeg.
The business-boosting group, which includes Tourism Winnipeg and YES! Winnipeg, held its annual general meeting Friday and presented its annual report.
EDW financial statements show it made about $640,000 more in revenue last year than in 2016. It also received less funding from the province year over year (about $1.4 million in 2016 and closer to $1.1 million in 2017) and more from the City of Winnipeg (about $2.8 million in 2016 and $3.49 million in 2017).
President and chief executive officer Dayna Spiring said she expects EDW will be “a key partner and will get funding that reflects that status” from the province in the future.
“We need to continue to mould Team Manitoba. We need to make sure that we’re all kicking in the same direction, and we get data quickly, and can all make decisions quickly. And we’re way better than we were a year ago, but we’re not perfect yet,” Spiring said.
According to the report, retail sales were up 3.5 per cent in Winnipeg to $12.2 million, while the real GDP increased by 3.7 per cent to $39 billion.
The population of Winnipeg increased by 1.9 per cent to 749,500, EDW said, and the employment rate rose 1.4 per cent to 430,700.
Winnipeg played host to 199 major conventions and 30 sports and special events, and prepared 85 meetings and sports events bids for the future. The traffic was a boon for local hotels, making about 9.2 per cent more than the year before, amounting to $89 per room.
As for highlights from the past year, Spiring listed the 2017 Canada Summer Games and the announcement of video game giant Ubisoft Entertainment SA setting up shop in Winnipeg as some of the city’s greatest accomplishments.
“We’ve had great success. We’re working together like we never have before and we’re really excited about what the future has in store,” she said.
jessica.botelho@freepress.mb.ca
Twitter: @_jessbu