SRC released its economic impact results for the 2012-13 fiscal year.
For every dollar the province invested in SRC over the past year, the Council provided a more than 29-times return to the growth of the Saskatchewan economy. That translated into over $559 million in direct economic benefits to the province. SRC’s work also contributed to the creation or maintenance of more than 2,700 jobs in Saskatchewan, valued at more than $169 million – the largest number since SRC initiated tracking these numbers ten years ago. Watch this video to learn more about SRC’s economic impact on Saskatchewan.
“Sixty-six years ago the leaders of this province envisioned a research and technology organization that would provide economic benefit to the people of Saskatchewan,” said the Honourable Bill Boyd, Minister of the Economy and Minister Responsible for SRC. “This year’s numbers are once again a testament to the impactful organization SRC has become over time and I believe, would make those same leaders incredibly proud.”
As part of its commitment to conducting its business in a socially and environmentally responsible manner, SRC has submitted its Corporate Social Responsibility (CSR) report to the Global Reporting Initiative (GRI) for the third year in a row.
Some highlights from SRC’s 2012-13 CSR activities include:
66 per cent of SRC’s projects achieved positive socio-environment impacts
Over $36 million in projects aimed at creating positive environmental and/or social impacts were undertaken
“SRC has once again proven why it is a nation-wide leader in the areas of applied research, development, and commercialization,” said Dr. Laurier Schramm, President and CEO of SRC. “The numbers demonstrate our commitment to, and our success at growing and strengthening the Saskatchewan economy.”
Since 2003, SRC has achieved over $5 billion in combined economic and job impacts in Saskatchewan.