SRC Announces Economic Impact Results for 2011-12
Saskatoon, SK – The Saskatchewan Research Council (SRC) today released its economic impact results for the 2011-12 fiscal year
For every dollar invested in SRC in the past year, the Council provided a 36-times return. That translated into over $656 million in direct economic benefits to the province – the largest impact SRC has made since initiating this tracking method nine years ago. SRC’s work also contributed to the creation or maintenance of more than 1,894 jobs in Saskatchewan, valued at more than $118 million.
“SRC has become a nation-wide leader in the areas of research and technology,” said the Honourable Bill Boyd, Minister of the Economy and Minister Responsible for SRC. “I am pleased to see SRC’s work make such a quantifiable impact on the Saskatchewan economy.”
SRC is committed to conducting its business in a socially and environmentally responsible manner. Later this summer SRC will submit its Corporate Social Responsibility (CSR) report to the Global Reporting Initiative for the second year in a row.
More highlights from SRC’s 2011-12 activities include:
- Over $53 million in projects aimed at creating positive environmental and/or social impacts were undertaken
- SRC’s work contributed to at least 22,343 tonnes of greenhouse gas emissions reduction/prevention and energy savings in excess of 43 million kWh/year
“SRC’s mission is to deliver smart science solutions with unparalleled service to clients and colleagues, that grow and strengthen our economy,” said Dr. Laurier Schramm, President and CEO of SRC. “These substantial numbers are a testament to the impactful organization SRC has become over its 65 year history.”
Since 2003, SRC has measured $4.4 billion in combined economic and job impacts in Saskatchewan. In comparing the figures from 2003 to 2012, the economic impact numbers have tripled.
SRC (http://www.src.sk.ca) is a leading Canadian provider of applied research, development and demonstration (RD&D), and technology commercialization. With 400 employees, over $79 million in annual revenue and 65 years of RD&D experience, SRC provides services and products to its 1,900 clients around the world.
For more information contact:
Rebecca Gotto, Communications Advisor
Saskatchewan Research Council
Office: (306) 933-6298 or Cell: (306) 371-2127