Economic Development

Coaldale is a great place to live work and play, and it’s also a great place to do business.

The Town of Coaldale is an excellent option for anyone looking to start a new business or relocate an existing one.  Many people have already discovered the advantages to building and operating in a smaller community that is strategically located along a major highway that services two urban centers.  Industrial land is cheaper and the mill rate is substantially lower.  Meanwhile, access to goods and services remains the same and in some cases, is more broad based and diverse.

Take some time to learn more about Coaldale and everything it has to offer for the future of your business.  For more information, or to book an appointment to tour the community and its available industrial land, please contact either Kalen Hastings, Chief Administrative Officer, at 403-345-1314 / cao@coaldale.ca or Development Manager Cindy L’Hirondelle, at 403-345-1337 / buildingCoaldale@coaldale.ca.

For a PDF copy of the Coaldale Business and Relocation Guide, click HERE.

Traffic Count

Coaldale acts as a “Gateway Town” which sits between smaller municipalities and two larger urban centers: Medicine Hat, a city 152 kilometers to the east; and Lethbridge, a city 12 kilometers to the west.

As our average daily traffic counts indicate, Coaldale not only provides services to its own residents, but to the many commuters and visitors who pass through each day.  Consider, for example, the major intersections that fall along Highway 3.

Highway 3 and Land-O-Lakes Drive (west Coaldale)

Year Total vehicle / day
2011 29,930
2010 29,640
2009 29,000

Highway 3 and Secondary Highway 845 (central Coaldale)

Year Total vehicle /day
2011 36,520
2010 32,100
2009 34,460
2008 35,720

Highway 3 and 8th Street (east Coaldale)

Year Total vehicle / day
2011 17,230
2010 17,050
2009 16,710

 A Growing Population

From 2006 to 2011, Coaldale’s population increased by more than one fifth (21.3%)—the largest five year stretch of growth over the past 20 years.  To compare, the national average growth rate was 5.9%. Coaldale currently has a population of 7,493, and with the number of permits issued in 2012, that number could exceed 8,000 by the end of 2013.

In 2011, the percentage of the population aged 65 and over in Coaldale was 14%. The percentage of the working age population (15 to 64) was 64.2%, and the percentage of children aged 0 to 14 was 21.8%. The median age is 35.6 years. These numbers increase when neighboring County residents are included.

An Attractive Mill Rate

Coaldale boasts a competitive commercial mill rate which is substantially lower than that of surrounding cities.  Compared to Lethbridge, for example, Coaldale’s non-residential tax rate is 35% lower; and when compared to Medicine Hat it is 25% lower.  Over the long run, this has the potential of translating into tens of thousands of dollars in savings.

           Breakdown    Commercial Mill Rate           % of tax bill
         Town of Coaldale                 9.6018                   72.5
      Education (province)                 3.4691                   26.2
    Green Acres (province)                 0.1186                   0.89
        FCSS (province)                 0.0629                   0.47
                Total   $13.2524/$1000 property value
                  100

Offsite Levies

Coaldale’s offsite levies rate is half of that of Lethbridge, creating added incentive for prospective developers and future subdivisions.

The Town of Coaldale’s Offsite Levies Rate is $85,575 per hectare compared to the City of Lethbridge’s Offsite Levies Rate of $195,000 per hectare, which is more than double.  For more information about developing in Coaldale, please call the Town Office at 403-345-1300.