Henderson Commercial

Central Alberta is a Powerhouse

user — Mon, 01 May 2017 00:00:28 +0000

Did you know that there are over 250,000 people that live within 100km of Lacombe. Central Alberta is not to be underestimated.

Looking for a unique vibrant City in the heart of Central Alberta to do business in, look no further.

Here is the breakdown of the 250,000+ that live under an hour drive to Lacombe.

City/Town/County	Population	Distance
Red Deer	99,832	18 km South
Red Deer County	18,351
Sylvan Lake	14,310	34 km Southwest
Lacombe	13,060
Wetaskiwin	12,621	60 km North
Clearwater County	12,278
Wetaskiwin County	10,866
Lacombe County	10,434
Blackfalds	9,510	10 km South
Ponoka County	8,980
Olds	8,617	90 km South
Innisfail	7,953	56 km South
Rocky Mountain House	7,220	90 km West
Ponoka	6,773	22 km North
Stettler	5,748	74 km East
Stettler County	5,103
Penhold	2,842	40 km South
Rimbey	2,378	44 km Northwest
Bowden	1,241	68 km South
Eckville	1,125	54 km Southwest
Bentley	1,122	20 km West
Bashaw	873	60 km East
Delburne	830	72 km Southeast
Alix	830	38 km East
Clive	675	18 km East
Total	263,572

Lacombe’s Primary and Secondary Trade Area Over 50,000 People

user — Mon, 01 May 2017 00:00:25 +0000

Lacombe has a unique assortment of businesses and attractions that draw not only the residents of Lacombe but also people from surrounding communities. Because of Lacombe’s close proximity to the City of Red Deer, it has long been underserviced with Retail Businesses, but that has already started to change with Lacombe’s population currently at 13,000 and within 5 years likely around 15,000. The City of Lacombe is also a regional trade hub with a primary and secondary trade area of over 50,000 people.

Here is a breakdown of Lacombe’s primary and secondary trade area, with a combined population of over 50,000.

City/Town/County	Population	Distance
Lacombe	13,060	—
Lacombe County	10,434	—
Blackfalds	9,510	10 km South
Ponoka County	8,980	—
Ponoka	6,773	22 km North
Bentley	1,122	20 km West
Clive	675	18 km East
Total	50,554

Forecasting Lacombe’s Population

user — Mon, 01 May 2017 00:00:16 +0000

Lacombe’s Population in 2016 was 13,060.

What is a reasonable expectation of Lacombe’s population in the upcoming years, and how long will it take for Lacombe to have a population of 15,000.

Lacombe’s population growth has been in lock step with the Province of Alberta and the major cities of Red Deer, Edmonton and Calgary. From 1991 to 2016 the last 25 years, Lacombe’s Population grew by 85%, while Calgary grew 72%, Red Deer grew 70%, Alberta grew 63% and Edmonton grew by 45%.

	Lacombe		Alberta
Year	Population	Yearly Growth Rate	Population	Yearly Growth Rate
2016	13,060	1.3%	4,097,000	1.6%
2014	12,730	2.9%	3,967,000	2.4%
2011	11,710	2.5%	3,700,000	2.7%
2001	9,380	3.3%	2,908,000	1.6%
1991	7,060	2.3%	2,510,000	1.5%
1981	5,720	7.7%	2,181,000	3.5%
1971	3,230	0.7%	1,619,000	2.4%
1961	3,030	—	1,344,000	—

	Red Deer		Calgary		Edmonton
Year	Population	Yearly Growth Rate	Population	Yearly Growth Rate	Population	Yearly Growth Rate
2016	99,800	0.6%	1,235,000	1.7%	899,000	1.2%
2014	98,600	2.4%	1,195,000	2.2%	878,000	2.5%
2011	91,900	3.0%	1,120,000	2.4%	818,000	2.3%
2001	70,600	2.0%	905,000	2.6%	666,000	0.8%
1991	58,700	2.1%	717,000	1.5%	618,000	1.2%
1981	48,600	7.6%	623,000	5.1%	551,000	2.2%
1971	27,600	3.1%	413,000	5.3%	451,000	5.3%
1961	21,100	—	269,000	—	295,000	—

Since 1991, the last 25 years Lacombe’s Population grew by 85%, or 2.5% compounded annually.

Using a 2.5% yearly growth rate, this is what Lacombe’s population would look like in the upcoming years.

YEAR	POPULATION
2016	13,057
2017	13,383
2018	13,718
2019	14,061
2020	14,412
2021	14,773
2022	15,142
2023	15,521
2024	15,909
2025	16,306

If Lacombe’s Population averages a yearly growth rate of 2.5%, then Lacombe’s Rounded Population would be:

2020 (3 Years Away):   14,500
2022 (5 Years Away):   15,000
2025 (8 Years Away):   16,000

Five Reasons to Shop in Lacombe and Support Local Businesses

user — Fri, 18 Nov 2016 00:00:12 +0000

#1: STRONG POPULATION GROWTH

From 2011 to 2014 the City of Lacombe had a population growth rate of 2.9% per year. Faster than Edmonton 2.5%, Red Deer 2.4%, Alberta 2.4% and Calgary 2.2% during the same time period.

#2: ONE OF THE BEST PLACES TO LIVE IN CANADA

In 2014, Lacombe ranked #4 best places to live in Canada for small-sized cities by MoneySense.ca, a Canadian personal finance magazine and website and ranked #17 best places to live in Canada in the full ranking.

#3: STRONG HOUSEHOLD INCOME

Lacombe become Alberta’s 17th city in 2010 and has a population of 12,728 (2014) and growing, as well as a strong surrounding trade area. Lacombe has a very strong median household income of $101,000 and an average household net worth of $580,000 (Source: Money Sense 2016)

#4: MOST PROPEROUS ECONOMIC REGION IN CANADA

Strategically located in the middle of the Calgary-Edmonton Corridor, this corridor is the most prosperous economic region in Canada, this corridor ranks second in the world in GDP per capita. Located along Highway 2, 20km north of the Red Deer, 115km south of Edmonton and 155km north of Calgary. Highway 2A and Highway 12 intersect the city making Lacombe a great hub of business activity.

#5: BEST MAIN STREET IN CANADA

In 2013, the Canadian Institute of Planners voted the City of Lacombe as having the best main street in Canada.

Five Reasons Why the City of Lacombe Should be on your Business Radar

user — Tue, 14 Jun 2016 00:00:16 +0000

It’s not always possible to buy what you need locally but when it is, you are making an investment to keep your community vibrant and unique.

Five Reasons to Shop in Lacombe and Support Local Businesses

1. Your Money Stays in the Community

The number one reason to shop local is that your money stays in the community, and helps build a more vibrant city. In a study conducted by Civic Economics it was estimated that of $100 spent at a local business 68% of the money stays in the community compared to 43% when spent at a non-locally owned business.

2. Your Money Supports Local Charities & Community Groups

Non-profit organizations receive on average 250% more support from local business owners than they do from non-local large corporations.

3. You Support Local Jobs

Local businesses are the largest employer nationally, and in our community they provide the most jobs to residents.

4. You Keep Our Community Unique

Where we shop, where we eat and have fun — all of it makes our community home. Our one-of-a-kind businesses are an integral part of the distinctive character of this place. Our tourism businesses also benefit. The unique character of your local community is defined in large part by the residents and businesses that reside there, and that plays a big factor in your overall satisfaction with where you live.

5. Local Business Owners Invest In The Community

Local commercial businesses are owned by people who live in this community, are less likely to leave, and are more invested in the community’s welfare and future.