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Chestermere's Business Profile Business Profile chestermere.ca/business Top 5 Reasons to Invest in Chestermere 1. Economic Incentives Would you be interested in $230,000? If you build a commercial, industrial, multi-family or seniors’ development in Chestermere, your project could be eligible for significant property tax refunds. 2. No Business Tax Chestermere does not have a tax for keeping your doors open - just property taxes. 3. A Prime Location Situated minutes from an international airport, three major highways and active rail lines, Chestermere offers an exceptional location for your business and employees to thrive. 4. Growth Opportunities Chestermere is one of Alberta’s fastest growing cities with a population of more than 20,000 - and is expected to grow to 50,000 in the next 20 years. 5. Available Land We have more than 1,133 acres of commercial and industrial land available for future development. Whether you want to be in the heart of downtown, nestled in a residential community or part of a future industrial park, Chestermere has a place for you. Mayor’s Message Dear Businss Owner, Imagine stepping out of your office into a beautiful, sunlit community nestled beside a sparkling blue lake with amazing views of the Rocky Mountains. As one of the fastest growing communities in Canada, the City of Chestermere offers the perfect home for your business and staff. With no business tax, exceptional access to major transportation routes including the TransCanada Highway and Stoney Trail, and outstanding location options in brand new developments, your business is sure to thrive in Chestermere. In addition to business success, your company’s location will be the envy of the workforce and draw talented staff from across the region. Employees coming from other communities can bike on dedicated pathways or enjoy a leisurely drive against traffic into our dynamic lakeside haven. Chestermere is also exploring transit partnerships with the City of Calgary for the near future. On breaks, your employees can take advantage of lakeside walks, more than 70 green spaces and a variety of culinary experiences. If staff are looking to get errands done, our community offers free parking, easy access to professional services (including medical, dental, legal, and financial institutions), and is minutes from the East Hills Shopping Centre. For those who live in Chestermere, public beaches, an 18-hole golf course, and peaceful neighbourhoods offer a great way to relax after a day at the office. We welcome entrepreneurs, startups, and businesses large and small. Bring your business to Chestermere and you’ll discover how life is better at the Lake. Marshall Chalmers Mayor City of Chestermere Chestermere has a prime Location EDMONTON (306 Km / 190 Mi) N City of Chestermere time to: Airport (YYC) - 15 minutes STONEY TRAIL RING ROAD Calgary City Centre - 20 minutes CP Railway Logistics Park - 20 minutes CN Logistics Park - 5 minutes CITY OF YYC CALGARY CN LOGISTICS PARK TRANSCANADA HIGHWAY CITY OF CHESTERMERE W MEDICINE HAT E CALGARY CITY CENTRE (273 Km / 169 Mi) HIGHWAY 2 (CANAMEX TRANSPORTATION CORRIDOR) TWP RD 240 CP RAILWAY LOGISTICS PARK GLENMORE TRAIL HIGHWAY 791 S Strategically situated on the Trans-Canada Highway, the City of Chestermere is five minutes from Highway 2 (CANAMEX Trade Corridor) and the CN Logistics Park, 15 minutes from the Calgary International Airport, 20 minutes from downtown Calgary and the CP Railway Logistics Park. How Chestermere is making waves In the News Chestermere proposes two per cent tax cut for 2020 (660 City News Radio, November 2019) While the City of Calgary looks at hiking property taxes, Chestermere city council is proposing a two per cent cut. On Tuesday, city administration presented a draft budget to council which includes the cut for property taxes among other spending plans for 2020. “We’ve got some decisions to make on some projects and we’ll have that deliberation as we go through over the next month to finalize the budget,” said Mayor Marshall Chalmers. Chestermere cuts local utility rates by eight per cent (Calgary Herald, July 2019) While Calgary battles to lesson its tax burden, particularly on businesses, Chestermere has cut its utility rates by eight per cent just a month after slashing taxes for residents by two per cent. The city east of Calgary announced the reduction at a council meeting on Tuesday. The rate changes will affect utilities such as water, sewage and stormwater management. It will take effect Aug. 1. “These decisions are part of council’s work to be responsive to residents, to make Chestermere a more affordable and sustainable place to call home, and create an amazing community for both residents and businesses,” said Chestermere Mayor Marshall Chalmers. Developers unite to upfront services in Chestermere to help new communities grow (Calgary Herald, July 2019) Two land developers have agreed to front-end the initial $11 million cost of construction on a piece of infrastructure seen as key for future growth in Chestermere... “This is a substantial change in how Chestermere is moving forward and doing business,” says Chestermere Mayor Marshall Chalmers. “Previously the city was very involved in deep servicing, which is substantial dollars. By making this shift, it’s going to allow both Anthem United and Qualico to move forward on their own … it gives them their own timing.” Chestermere cuts taxes by two per cent as Calgary’s taxes climb (Calgary Herald, June 2019) While Calgary councillors struggle to find ways to ease a climbing tax burden, particularly on businesses, Chestermere has reduced taxes for residents by two per cent. Chestermere is slated for massive growth with 6 communities in the works (Calgary Herald, April 2019) “Chestermere is one of the fastest growing communities in Canada, and we aren’t slowing down anytime soon,” says Chestermere’s mayor, Marshall Chalmers. “We are currently forecasting to have more than 50,000 residents by the year 2040. However, we are growing with sustainability in mind. We want to ensure that all residents, both current and future, can enjoy access to walking trails, properly designed transportation networks and friendly neighbourhoods.” Chestermere introduces tax breaks to encourage development (CBC Calgary, February 2019) The City of Chestermere is introducing a big tax break to try to encourage economic development. On Wednesday, the municipality just east of Calgary announced it will offer a tax reduction for new building construction if the buildings are developed and occupied quickly... ”We recognize that developers are taking risks, but we also want to ensure that our non-residential growth continues to thrive and we begin to fill some housing gaps in our community — especially senior’s housing. With that in mind, this policy rewards the development we want to see here,” Mayor Marshall Chalmers said. chestermere.ca/business Statistics & Demographics 25 One of Alberta’s fastest growing communities. 20,732 One of Alberta’s fastest growing municipalities, the City of Chestermere has rapidly evolved from a lakeside summer village into a dynamic, recreational oasis. Our population is over 20,000 residents and is projected to be at 50,000 in the next 20 years. Our lakeside living is a haven for families: 31% of residents are under the age of 20 and 25% are between 20-40. 19 20 21 22 23 PROJECTIONS A young vibrant workforce is available to hire. 94.7% of the population is under 64 years of age (compared to 85.2% nationally) and our median age is 5.7 years younger than the nation’s median. POPULATION PYRAMID - CHESTERMERE (2018) 85 Plus 80 to 84 % Male % Female 75 to 79 70 to 74 65 to 69 60 to 64 55 to 59 50 to 54 45 to 49 40 to 44 35 to 39 30 to 34 25 to 29 20 to 24 15 to 19 10 to 14 5 to 9 0 to 6 4 2 0 2 4 6 Percent Languages spoken other than English Other 17.9% Spanish 2.2% Punjabi 6.9% Arabic 1.9% Vietnamese 4.0% Portuguese 0.9% French 3.5% Mandarin 0.7% Strong household incomes contribute to a AVERAGE HOUSEHOLD INCOME ($,000) vibrant200 local economy. Chestermere has an average household income of $167,760 (58% higher than the Canadian average.) 150 18% MORE THAN CALGARY AVERAGE 65% MORE THAN 100 AVERAGE HOUSEHOLDCANADIAN AVERAGE INCOME ($,000) 200 VALUE OF BUILDING PERMITS ($,000) 150 50 150 6% MORE THAN CALGARY AVERAGE 120 QUICK FACTS CANADA CALGARY CHESTERMERE 0 90 58% MORE THAN Population: 20,732 100 CANADIAN AVERAGE POPULATION PYRAMID - CHESTERMERE (2015) Female 49.2% 60 85 Plus Male 48.6% 80 to 84 50 % Female % Male 30 75 to 79 70 to 74 Total number of homes: 6,555 65 to 69 Average Canadian household income: $70,336 60 to 64 Average Calgarian household income: $ 158,734 Owned 85.9% 55 to 59 0 CANADA CALGARY CHESTERMERE Average Chestermerian household income: $167,760 2010 2011 2012 2013 2014 2015 50 to 54 0 (Stats Can 2016) 45 to 49 Rented 8.6% 40 to 44 35 to 39 30 to 34 Other 3.6% 25 to 29 20 to 24 15 to 19 11 to 14 Housing Style 6 to 10 An educated0 to 5 workforce is available and can 6 4 2 0 2 4 6 Single Detached 74.1% improve your profitability.Pe 56%rcent of the population hold a trade, college, bachelor degree or higher Semi Detached 6.8% compared to 51% nationally. Attached (Townhouse, 11.9% Quad/Triplex) EDUCATION Other 6.7 CITY OF CHESTERMERE - POPULATION 20 Average household size: 3.2 Data Sources: Municipal Census (2018), Statistics Canada (2016), Cushing Terrell Architecture Inc. (2016), Tetrad (2017) 15 10 (THOUSANDS) 5 chestermere.ca/business 0 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 Opporutnities COMMERCIAL/RETAIL LAND AVAILABLE
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