Nearby hog operations and the Co-Op seed cleaning plant also contribute to local production.
The project was spearheaded by Parke Dobson and Don Purser, as well as numerous others in the community.
There is a public arena and curling rink on the north side of town that also houses a cafe.
The Agricultural Society Hall and Alberta Treasury Branch can also be found downtown.
Three Cities refers to Paradise Valley and the nearby hamlets of McLaughlin and Rivercourse.