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Economic Profile

Big_TrucksSituated on the rich iron ore deposits of the Labrador Trough, the regional economy is primarily derived from mineral extraction, processing and provision of services to the mining sector.

Tremendous opportunities exist for expansion in secondary processing, hydro intensive industries information technology,forestry, tourism and in the transportation sectors. A strategic distribution center, and superior quality of life amenities makes the region attractive and responsive to new business ventures.

Strong global demand for iron ore products is having a positive impact on the local economy, generating tremendous growth in all aspects of the economy. Demand for residential housing and commercial/industrial property has reached levels unseen since the 1970's.

Overview     Location & Geographic Conditions     
Leading Economic Sectors     Demographics    Lifestyle & Amenities




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