Bring Your Business to Beaumont: Join Us by Building Tomorrow, Today

Just a short drive from Edmonton is the idyllic city of Beaumont, Alberta. With its sustained residential growth, business-friendly environment and proximity to Edmonton’s innovation economy, Beaumont offers tremendous promise for businesses and commercial investors on the lookout for untapped potential. Here are the top reasons why this gem of a city is a prime destination for commercial and business expansion.

Sustained population growth

Beaumont is the fastest-growing municipality in the Edmonton Metro Region and the third fastest in Alberta. Over the past two decades, its population has tripled, reaching an estimated 24,688 residents in 2024—a 5.85 per cent increase over the previous year–and a primary trade area that extends to 66,937 people. Its thriving downtown, excellent amenities, health care services and infrastructure create a welcoming environment for residents and businesses alike, including French-speaking Albertans as it is only one of four officially bilingual cities in Alberta.

Above-average household spending

$162,000, Beaumont residents earn above the provincial and national averages, and dole out an average of $116,000 annually on consumer goods. In 2023 alone, residents spent $663 million on commercial goods, with $150 million spent locally, highlighting a meaningful gap for retail businesses to fill, given residents have voiced their desire for more, and better, local shopping options.

Burgeoning innovation economy

Beaumont is part of Canada’s fastest-growing economic region, which generates $110.85 billion in GDP and boasts export growth more than double the national average. Sustainable, forward-looking investment is central to Beaumont’s growth strategy with a focus on renewable energy, and clean technology, agri-tech and life sciences. In collaboration with Edmonton’s efforts to become Canada’s hydrogen hub, Beaumont is positioned to be integral to its production, transportation, end-use, and carbon capture and storage initiatives. In the agri-tech sector, rapid innovation has fuelled investment opportunities across the region, with food manufacturing sales up 15 per cent.

Strategically located

Beaumont offers direct access to the CANAMEX trade corridor and Queen Elizabeth II Highway, offering converging routes of air, rail, pipelines and roadways with the benefits of a Foreign Trade Zone. Only 15 minutes away is the Edmonton International Airport—the fifth largest in Canada—where its multi-modal distribution is being expanded throughout Canada, the United States and Mexico to strengthen supply chains.

Favourable business environment

The city of Beaumont offers one of the most competitive tax environments in the region. The non-residential tax rate of 9.59 per cent makes it the third-lowest in the Edmonton Metro Region and roughly 50 per cent lower than Edmonton’s. Additionally, Beaumont’s Innovation Park is in development to help businesses invent cutting-edge technologies, spur additional investment and grow employment opportunities.

Educated workforce

Beaumont is home to an educated workforce, thanks in part to its proximity to Edmonton’s world-class post-secondary institutions providing more than 170 programs to roughly 130,000 students. The University of Alberta is among the top four research universities in Canada, and the Northern Alberta Institute of Technology is the largest technology and apprenticeship trainer in Canada. Among Beaumont’s residents, 40 per cent are employed in a natural resources, sciences, trades, manufacturing or utilities related career. And, more than 64 per cent have attained high-demand skills through apprenticeships, trades and college certificates.

Commercial real estate opportunities

Beaumont offers a wide selection of greenfield sites and land packages for light industrial expansion tailored to developers’ needs, along with flexible leasing and purchasing arrangements. Compared to other major Canadian centres, Beaumont and the Edmonton Region offer significantly lower real estate costs. Word is certainly getting out: in 2024, the city issued 43 commercial and commercial improvement permits worth $37.5 million—a 17 per cent increase over 2023.

To learn more about Beaumont’s opportunities reach out to 780-242-8786, email investinBeaumont@beaumont.ab.ca
or visit beaumont.ab.ca