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As presented by Saskatchewan
BusinessT Magazine, February 1999.
A look at who's on the move in Saskatchewan business.
by Paul Martin
Finance, technology, real estate and hogs. This may
not be the Saskatchewan economy of yesteryear but it
certainly represents the future. These are among the
industries represented by the province's fastest growing
companies. They're tomorrow's stars.
While some of the best names in Saskatchewan enterprise
- Cameco, IPSCO, Brandt Industries and Concorde - rank
among the fastest in this year's list, the majority
are the up-and-comers, firms emerging from adolescence
to take their place at the forefront of the province's
commercial scene in the years ahead.
Technology factors into the picture in a big way. Points
North Digital, a high profile multimedia player developed
by Glenn Kerby, sits atop the list, followed by Hamilton
Myriadgate and dot.com which have parlayed the latest
in technology into robust enterprises.
If nothing else, this year's ranking provides a snapshot
of the way the province's economy is going. It's diversifying,
not in favor of agriculture, but alongside it. Wheat
remains king, but unlike a couple decades ago, today's
there's a lot of little princes and princesses running
in the castle.
The death of the Crow Rate, that insidious subsidy
that encourages shipment of basic commodities (and processing
jobs) has spawned a revival in the livestock sector,
notably the pork business represented by Outlook's Quadra
Group. Tomorrow's fast risers no doubt will be those
who service this emerging sector.
As we bid farewell to our first century, Saskatchewan's
economy is undergoing a fundamental restructuring as
profound as its early days a hundred years ago. No longer
are we completely dependent on commodity prices and
the vagaries of the weather. Innovation and technology
have made it possible for firms such as IPSCO to become
one of the five largest steel companies in North America.
But IPSCO isn't the only steel or manufacturing company
on the list. It's just the biggest.
The province has spawned a variety of communication
companies - from cable distribution operations, to printing
and advertising and information distribution. We even
have filmmakers who successfully find work around the
world.
Nor have we missed the rapid growth in information
technology - with at least a half dozen firms who convert
computer power into jobs and wealth populating this
year's rankings.
In fact, only three or four companies - roughly 10
per cent - on the list are agricultural. Sure, Saskatchewan
of the next century will be a major player on the international
farm scene, but we'll be more than that. Of course,
we will be a major resource producer but we're also
building a reputation of fields such as communications
and new technologies. click
here for listing of top 20 companies
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