General economic trends and factors
Grand Falls-Windsor (agglomeration, Badger to Botwood) has a growing economy, though it has a slightly shrinking and aging population with a seven percent reduction in population from 1996 to 2001 (Stats Canada); however, as of 2005 a 200 person increase has been reported (www.grandfallswindsor.com). Grand Falls-Windsor also serves a secondary trade area of about 100,000; most of this economic benefit is generated by seasonal shopping and visits for medical services. Gander also has a growing economy and together the combined trade areas account for about 120,000 residents.
The business growth in Grand Falls-Windsor is moderately positive and there is a very low commercial vacancy rate in the Cromer Avenue/Duggan Street area; development is very positive in the Gander area.
The only disappointing number, in my opinion, is the low number of those employed in arts, culture, recreation, and sports. I believe this is the greatest barometer to the economic health of a community.