"The rebirth of Winnipeg’s downtown is definitely gaining momentum. Our business community is showing vigorous support for the future of our city centre and CentreVenture continues to work with the City of Winnipeg to encourage all levels of private development by cutting red tape and making it easy to do business downtown."
– Jim Ludlow, Chair of the Board (2007-2008), CentreVenture Development Corporation
Downtown is the "headquarters" for Winnipeg's economy.
Radiating outward from Portage & Main, the city's central business district is Manitoba's gateway to commerce, industry and transportation.
Companies such as CanWest Global Communications, MTS Allstream, Cargill Ltd., Great-West Life Assurance Co., Investors Group, James Richardson & Sons Ltd. and The NorthWest Company all call downtown Winnipeg home.
Manitoba Hydro will soon be added to that list with the completion of its new $180 million downtown head office.
Key business sectors located downtown include financial services, media, information technology, agribusiness, film production, health and biotechnology, and environmental industries.
Since the turn of the new millennium, a wide range of new commercial and retail projects have been completed. Three major retail developments alone – Giant Tiger, Mountain Equipment Co-op and Staples Office Depot – account for 100,000 square feet of retail space and an investment of more than $8 million.
Downtown is also the political centre of the city and province with Winnipeg City Hall, the Provincial Legislature and most key federal government offices located within its boundaries.