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Government of Saskatchewan ministries, Crown corporations and organizations are working to minimize the impacts of the postal service disruption.

Les ministères, les sociétés d’État et les organismes du gouvernement de la Saskatchewan travaillent à réduire au minimum les répercussions de l’interruption des services postaux.

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Saskatchewan Research Council Delivers $657 Million in Impacts to Provincial Economy in 2024 - 2025

Released on October 23, 2025

The Saskatchewan Research Council's (SRC) latest economic impact assessment demonstrates its continued work to strengthen Saskatchewan's economy with quality private sector jobs and a secure environment by realizing a combined impact of $657 million in its last fiscal year. 

Since it began assessing its economic impact in 2003, SRC has recorded roughly $16.2 billion in combined economic and employment impacts in Saskatchewan, including $565 million in economic impact in its fiscal year ending March 31, 2025. SRC also assisted in creating or maintaining more than 1,447 jobs in Saskatchewan in 2024-2025, valued at an additional $92 million.  

In 2024-2025, SRC had a mandate effectiveness of 28, which means that for every dollar the province invested in SRC, SRC's work contributed at least a 28-times return to the growth of the Saskatchewan economy. 

These impact numbers were also accompanied by revenue generation by SRC of approximately $102 million. 

An infographic of the Saskatchewan Research Council’s two thousand and twenty four twenty five economic performance depicting various icons and statistics with the following text: One hundred and two million dollars in annual revenue, Canada’s second largest research and technology organization, fourteen hundred clients in sixteen countries, nearly eighty years of R, D and D experience, sixteen point two billion dollars in impacts since two thousand and three, six hundred and fifty seven million dollars in total impacts on provincial economy, five hundred and sixty five million dollars in direct economic benefits, ninety two million dollars in value of jobs created or maintained, twenty eight times return on provincial investment.

"SRC's contribution to Saskatchewan's success continues to be evident when you look at the economic value they provide each year, which includes job creation and industrial commercialization," Minister Responsible for SRC Warren Kaeding said. "SRC is a truly unique organization that helps clients all over the world while still being a key economic driver right here at home in Saskatchewan." 

SRC focuses its annual economic impact assessment on its clients in the identified fiscal year, the various multi-year projects it manages and clients from previous fiscal years whose projects continue to generate impacts. 

"SRC is focused on the future - advancing innovation and technology development to deliver real solutions for our clients and industry within Saskatchewan," President and CEO Mike Crabtree added. "This continues to be SRC's mission and also its compass for determining the best business approaches for the organization and its clients." 

SRC also opens its doors annually to its clients and industries via its Tech Expo each fall - a tradeshow-style event held at its Saskatoon headquarters showcasing key SRC projects and services. This year, this event was held on October 21, 2025. 

SRC is Canada's second largest research and technology organization. As a catalyst for innovation, SRC focuses on providing leading-edge services and solutions to the agriculture, energy, environment and mining industries with major projects in nuclear and rare earth elements. With a workforce of more than 400 employees and nearly 80 years of applied research and development experience, SRC supports 1,400 clients in more than 15 countries. For more information, visit: www.src.sk.ca. 

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For more information, contact:

Allison Collins 
External Relations
Saskatchewan Research Council
Phone: 306-385-4208
Email: allison.collins@src.sk.ca 

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