Faro

Economic Activity and Development

Faro’s present economy includes Government Services from the Federal, Territorial, and Municipal governments; mining; construction; transportation; energy; and service sectors.

Faro is in the process of making an economic transition from mining to new opportunities, although, it is likely that mining will contribute at some level to the economic future of Faro, through reclamation activities,  mine clean-up, and exploration activities.

Availability of Internet technology also opens up new opportunities for business creation and the opportunity to market Faro’s attributes worldwide.

For business investors, Faro offers:

• Affordable housing
• A supportive, and responsive municipal government
• Northern expertise in mining, telecommunications, construction and tourism 
• Excellent funding and incentive programs
• Exceptional landscape, wildlife and tourism opportunities
• Strong commitment to their Official Community Plan

Economic activity information is provided in the following:

• Faro Official Community Plan
  Faro’s OCP reflects the local government’s effort to diversify and expand the town’s economic base and encourage more people to make Faro their home.
• Yukon Socio-Economic Web Portal 
  Provides census information and other statistics for Yukon communities
• Yukon Bureau of Statistics 
  Provides detailed statistics on population and other statistics for all of Yukon and some communities
• Statistics Canada Community Profiles (2006)
  Provides detailed statistics on community-level information from the 2006 census

More Information?

• Government of Yukon Departments
  List of Government of Yukon Departments
• Government of Yukon Programs and Services
  List of programs and services offered to Yukon businesses and residents
• Yukon Department of Economic Development
  List of funding and programs that support Yukon economic development
• Procurement Strategy for Aboriginal Businesses (PSAB)
  Works to assist Aboriginal firms  in contracting with all federal government departments and agencies and assists Aboriginal businesses gain access to the overall procurement process
• Yukon Chamber of Commerce
  Provides advocacy and representation on issues affecting business
• Yukon Business Directory
  Directory of Yukon businesses
• Yukon Employment Central
  Provides job boards, employment counseling, workshops and more
• Government Tenders 
  Provides information about currently advertised public tenders as well as recently awarded public tenders and the successful contractor
• Yukon Workfutures
  Guide to work opportunities in the territory that provides information on the labour market, working conditions, education, and employment prospects
• YuWIN
  Online employment resource for employers and job seekers, providing information on current job listings, the Yukon labour market, career planning, education, and training

What are the Facts?

• Invest Yukon
• Yukon Economic Development Outlook 2012
• Yukon Chamber of Commerce
• Yukon Chamber of Mines
• Secteur de développement économique de l'AFY