Revelstoke may be small in size, but it’s incredibly expansive when it comes to economic diversity. With a tapestry of industries ranging from traditional sectors like rail and forestry to more modern avenues like tourism and innovative small businesses, Revelstoke is a dynamic melting pot of economic opportunities.
Rail and hydropower continue to serve as stable pillars in Revelstoke’s economic landscape. While the forestry sector is currently in a period of transition, innovative practices are helping to ensure its long-term sustainability. Together, these traditional industries contribute to a diversified and adaptive business ecosystem in the town.
With stunning landscapes and a host of outdoor activities, tourism is increasingly becoming a significant contributor to Revelstoke’s economy. Tourism in Revelstoke supports accommodation, food and beverage, retail, arts and culture. With activities for adrenaline seekers to just getting away from it all, the city is a magnet for tourists seeking both adventure and tranquility.
The entrepreneurial spirit is alive and well in Revelstoke. A bustling community of small businesses, spanning everything from tech startups, artisan shops, local markets, small manufacturing, innovation spaces, co-working spaces—adds a layer of vibrancy and innovation to the local economy.
Even before the rise of remote work in 2020, Revelstoke was a choice location for remote professionals. The widespread availability of high-speed fiber internet creates a reliable environment for remote work. Additional features like coworking spaces and idea labs provide solid support for collaboration and innovation.
Revelstoke is at the forefront of sustainable energy solutions with its focus on hydropower. This not only makes the town an attractive location for environmentally-conscious businesses but also contributes to long-term economic sustainability.
Revelstoke’s unique economic mix of large industries and burgeoning small businesses creates a balanced portfolio that mitigates risk while offering opportunities for cross-sector collaborations. This diversified foundation makes the town not just a stable investment but also an exhilarating venture landscape. Adding to this synergy is a centralized business information hub, housing entities like the Community Economic Development, Revelstoke Chamber of Commerce, Community Futures, and the Visitors Information Centre—all under one roof.
