Economic Development
Overview
Agriculture is the primary industry in the Vermilion region, with annual gross farm receipts of $80 million (1991) from sales of grains, oil seeds, beef cattle, hogs and dairy products. As a major service centre for producers, Vermilion is home to a number of related businesses: grain elevators, machinery agents, farm supply distributors, veterinary and government services. Major grain buying companies, as well as the Vermilion Seed Cleaning Plant, are located on Canadian National Railways trackage.
Nilsson Brothers Livestock Exchange, located south of Highway 16, provides livestock auction services for the region, with a 200 seat theatre and auction ring. Viterra operates a seed distribution centre in a 90,000 square feet facility on the town's eastern boundary.
Vermilion is also strategically located for heavy crude oil exploration and development. Oilfields in the Lloydminster, Wainwright, Cold Lake and Elk Point areas are easily accessible along Highway 16 and Highway 41.
Business Sector
Vermilion offers a complete range of consumer goods and services to a trading area population of 11,000 people. Along with competitive selection and price, Vermilion businesses are committed to service excellence.
The Vermilion and District Chamber of Commerce is a vital part of the business community. It spearheads many initiatives to promote and enhance the competitive position of local businesses, and members are active in a number of community development initiatives. The Town and Chamber have a strong partnership.
Vermilion's historic downtown core has more than 90 businesses, and a range of financial
and medical services. The many long-established businesses, along with new ventures and expanding enterprises, are indicators of a vital and progressive commercial core.
Lakeland Mall, at the east end of town, is a modern air-conditioned shopping facility with ample free parking. An active Mall Merchants Association hosts several successful promotions each year. The mall's owners are committed to stimulating and incubating new businesses.
For a full listing of businesses in Vermilion, please visit the Business Directory.
Vermilion's labour force is drawn from neighbouring areas and local resources. As well, Lakeland College campuses in Vermilion and Lloydminster provide local post-secondary education in areas that include apprenticeship trades, business, agriculture, interior design, heavy oil operations, and human services.
Links to strategic regional partners:
