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Prince Albert is the third-largest city in Saskatchewan. It is situated in the centre of the province on the banks along the North Saskatchewan River. The city is known as the "Gateway to the North" because it is the last major centre along the route to the resources of northern Saskatchewan. Prince Albert National Park is located just 51 km north of the city and contains a huge wealth of lakes, forest, and wildlife. The city itself is located in a transition zone between the aspen parkland and boreal forest biomes.

 

After being established as a mission center, the main impetus for growth was speculation that the Transcontinental Railway would travel north from the Red River Valley along Hind's fertile belt through to Edmonton.^[17] When the Canadian Pacific Railway chose a more southerly route Prince Albert's community growth collapsed. By 1914, Prince Albert had become the terminus of four railway branch lines. However, neither the Hudson Bay and Pacific or the Canadian Northern had started any line to the north. In all, the city had not become the great gateway to north as it had planned

 

The La Colle Falls hydroelectric power dam project was an attempt to provide affordable electricity to attract industry. By 1927, the project was abandoned as the city was just about bankrupt. In 1945, Prince Albert National Park was established, and the tourism sector helped to again revive Prince Albert's economy. The city's location has benefited the community in many ways through the years as an agriculture, forestry, tourism, mining, retail, and service centre for the immediate market and the northern communities. Prince Albert has a total trade area of 140,000 people, including an additional 12,000 that can be included if Flin Flon and The Pas are accounted for. The major contributing factor to this is the role of Prince Albert as a retail and service centre to these northern communities.

There are a number of major developments that are happening around Prince Albert. Diamond exploration is currently going on east of the City in the Fort à la Corne region and it is expected a mine may go up around 2010-2011. Bio-fuels are also playing a significant role to the area. The Prince Albert region is one of the richest areas in the province for agriculture and with the current emphasis on bio-fuel technology from the provincial and federal governments, it is expected that this economic sector will only grow. Uranium is also expected to play a bigger role in the future development of Prince Albert. There is speculation that, because of the proximity to the uranium mining in northern Saskatchewan, that this area could be ideal for a value-added type of business.

The forestry industry is also a major contributor to the economy of Prince Albert. Prince Albert currently hosts the Provincial Forestry Centre, a building that hosts significant wood and forestry related types of businesses and associations. With the closure of the Weyerhaeuser mill, new opportunities will undeniably come from the availability of the forest. Prince Albert Pulp co. is the areas largest employer.

Prince Albert is also still heavily reliant on its government service sector, which accounts for about 11% of the workforce. From Wikipedia, the free encyclopedia.