Western Economic Diversification Canada

Professional, science and technology-related jobs – Based on an OECD definition of ‘science and technology-related jobs’ that includes occupations beyond those typically associated with science, technology, engineering and mathematics (STEM) or merely the natural sciences. It includes physical,...

Business Expenditures in Research and Development (BERD) – expenditures by private firms on research and development. It includes creative work undertaken on a systematic basis in order to increase the stock of knowledge, and the use of this knowledge to devise new applications. R&D covers...

Funds leveraged means that communities have partnered with various sources of funds to realize their projects and therefore are addressing their communities’ needs through these investment opportunities. The leverage ratio represents total financial contributions by WD’s partners in relation to...

The total dollar value increase in sales of firms supported by WD.

High-Growth Firm – Based on list of all businesses in Canada included in Statistics Canada’s Business Register, a “high-growth firm” is an enterprise with average annualized growth greater than 20% per annum over a three-year period. That is, the total growth over a three-year period must be...

Value in dollars of total exports (all products) originating from western Canada.

Small and Medium-Sized Enterprises – Small enterprises are defined as having 1-99 employees. Medium sized enterprises have 100-499 employees. So small and medium-sized enterprises (SMEs) are all firms with less than 500 employees. Majority-owned / Majority ownership – Majority ownership for...