Economy
The local economy is largely dependent on agriculture and supporting industries (trucking, transportation, chemical/fertilizer, farm machinery dealerships, etc.). Portage la Prairie is also home to the McCain Foods and Simplot potato processing plants, which provide French fries for McDonalds, Wendy's, and various other commercialized restaurant chains. Viterra, previously known as Can-oat milling, one of the largest oat mills in the world, is also located in the municipality. McMillan Industrial Park, located on the eastern fringes of Portage, also plays a major role in the city's economy. Numerous industries including food science labs & food processing facilities, construction companies, and manufacturing sectors are located in this expanding industrial area, beneficial for the creation of jobs in the community. The city has developed into a regional retail service center as large big box style stores have been recently locating on the fringes of the city. Many small towns and Native reserves use this as their primary shopping destination. Since Portage la Prairie is a commercial hub for the Central Plains Area, it serves some 50,000 people living within an approximately 50 km radius. Portage la Prairie is a farming city, with around 120 to 125 frost free days, and a USDA Plant Hardiness Zone of 3a. Agriculture is the city's main industry.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)