Steinbach, Manitoba - Economy

Economy

As the economic centre of Southeastern Manitoba, service/retail industries employ the majority of the working population. Large manufacturing plants, especially those operated by Biovail and Loewen Windows (which is also based in Steinbach) also create a significant number of jobs. Steinbach has a diversity of jobs and industries within the community. Steinbach's rapid growth rate, combined with the lowest taxes in the province by mill rate, has made the community an increasingly popular place for both workers and employers. This combination has helped many different mid-sized and large-sized businesses in manufacturing, transportation, agribusiness, pharmaceuticals, retail, and financial services like the Steinbach Credit Union, to grow with the city. As a result the city of Steinbach now has the third highest assessment value among cities in the province, trailing only Brandon and Winnipeg.

Agriculture, the traditional industry in the region, continues to play a significant role in Steinbach's economy as well. The agricultural industry in the area is notable for many of the large commercial pig, and poultry farming operations in the region of the city. Aside from intensive pig and chicken barns there are numerous small, family, dairy farms that dot the area. Crops grown on the fertile farmland surrounding Steinbach primarily include canola, corn, alfalfa, as well as barley, soybeans, oats, and wheat.

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