In 1993 the provincial government created Saskatchewan’s Regional Economic Development Authorities (REDA) as recommended through the consultations of Partnership for Renewal - A–Strategy for the Saskatchewan Economy.  Each REDA is governed by local stakeholders who work co-operatively with the common goal of regional economic growth and job & wealth creation.  By pooling local and provincial resources, these partnerships allow for a more efficient use of limited financial and human resources.  By building on one another’s strengths, new investments will be attracted to local communities. 

The South East Regional Economic Development Authority (SEREDA) was incorporated in 1995 and is centered around the City of Weyburn.  SEREDA’s job is to actively seek the ideas, input and participation of the people in the region in order to work for the common goal of improving life in rural Saskatchewan.  The region is made up of 17 Rural Municipalities and many smaller centers with a combined population of over 21,000 people and a labour force of over 12,000 people.  SEREDA is just one of the 28 REDAs operating in Saskatchewan.

The region’s economy is based primarily on oil and agriculture, with support coming from the manufacturing sector.  The region is home to Encana and their world renowned CO2 Injection Project.  In addition to this, Weyburn, is also the single largest inland grain gathering collection point in Canada and is home to Weyburn Inland Terminal, Pioneer Grain and Sask Wheat Pool.  Some of the other major companies in the region include Encana Corporation (Oil), Nexans Canada Inc. (Wire & Cable), NorAmera BioEnergy Corporation (Ethanol), Wal-mart, Stewart Steel, Garlaneau Farms, Borderline Feeders and more!