Business Start Up
Vegreville is a great place to start up a new business. Whether you are looking to start a retail business, a commercial business, an industrial business or even a home-based business, Vegreville is an ideal place for you to open a business.
As a regional hub, Vegreville has a trading area with almost 40,000 residents. The regional spending on goods and services of this area is in excess of $364 million. Vegreville has regional retail anchors that include Walmart, Canadian Tire, Peavey Mart, Mark’s Work Wearhouse, Home Hardware and many others. These attract the residents from our regional trade area and make new retail businesses very likely to succeed if they can tap into this draw. A Retail Gap Analysis was completed in 2019 and identifies where the spending gap exists in Vegreville. The top 5 areas identified for retail are Grocery & Specialty Foods, Auto/RV/Motorsports dealership, Clothing and Footwear, Restaurants and Fast Food, and Home Improvement & Gardening.
With outstanding connectivity with Telus Fiber Optik, Vegreville is a great place to start and run a home-based business – especially if you are doing online business in any capacity. With very reasonable housing prices and a supportive town administration, it is quick, easy, and inexpensive to start a home-based business in Vegreville.
As a regional hub for oil & gas, agriculture, and the service sector, Vegreville is an ideal location to start up a commercial enterprise. With several vacant buildings available at very reasonable prices, you will be able to start up quickly and seamlessly with a short visit to our wonderful planning department to get the licensing and permits in place.
As the centre for Agricultural research in Canada, InnoTech Alberta has been conducting crop research for over 30 years in Vegreville. This has created a great opportunity for value in added Agriculture based businesses, especially in the hemp field. As home to a major CBD manufacturer and soon to be home to other Hemp processors, Vegreville is in a perfect position to become the hemp capital of Canada. Located in a perfect region for growing Hemp and with the support of the best hemp research centre on the planet, Vegreville is the place for your business.
Industrial Land available – if you are not involved in the hemp industry – never fear as Vegreville is more than able to accommodate any industrial business of almost any size. With over 90 acres of industrial land, much of it fully serviced, Vegreville has land available for your new or growing business. In addition, there are numerous industrial buildings of various sizes available to rent or purchase – the perfect home for your business.