Increasing Alberta’s productivity is essential to maintain long-term economic prosperity
The governments of Alberta and Canada are investing more than $10 million in efforts to improve business productivity.
Alberta businesses will get a $10.3 million productivity boost thanks to funding for Productivity Alberta, provided by the Government of Alberta and Western Economic Diversification Canada.
“Increasing Alberta’s productivity is essential to maintain our long-term economic prosperity,” said Deputy Premier and President of Treasury Board and Enterprise Doug Horner.
“The work that Productivity Alberta does to help our industries increase productivity and maximize efficiency will show a return-on-investment for years to come.”
“Our Government is committed to helping small- and medium-sized businesses and boosting the competitiveness and sustainability of Alberta’s economy,” said the Honourable Rona Ambrose, minister of public works and government services. “This investment in the Productivity Alberta initiative will help create opportunities for growth in key sectors of the economy while laying the foundation for job creation.”
Productivity Alberta is an industry-led, not-for-profit corporation mandated to enhance productivity improvement, increase innovation, and build a skilled workforce to improve the long-term competitiveness and sustainability of Alberta’s economy.
The Government of Alberta is providing Productivity Alberta with $7.3 million operating funds over three years, with funding levels for an additional two years to be determined. This includes the secondment of five employees for the first three years.
Western Economic Diversification Canada is investing $3 million towards Productivity Alberta to support firms in adding value to products and services, adopting innovative practices and technologies, and expanding their supply chains.
Formerly a branch of the Government of Alberta, Productivity Alberta was launched in October 2011. It serves as a “one-window” connection to the latest in productivity tools, resources and services, and its board of directors includes senior leaders from a variety of Alberta’s industry sectors.
Western Economic Diversification Canada, in partnership with the provinces, industry associations, and communities, promotes the development and diversification of the western economy, coordinates federal economic activities in the West and represents the interests of western Canadians in national decision-making.
Minister of State for Western Economic Diversification Lynne Yelich outlined recently the Government of Canada's continued commitment to fostering the growth of Western Canada's aerospace and defence sectors.
"Our Government recognizes ...
Funding for test strips, new insulin drugs support better health
Albertans with insulin-dependent diabetes will receive more coverage for supplies they need to maintain their health.
The Alberta government is expanding coverage ...
Canada 30th out of 34 OECD countries in labour productivity growth
Troy Media - by Benjamin Gillies
There was sad news out of London, Ontario recently, as heavy equipment maker Caterpillar announced ...
Community-based agencies used by the Government of Alberta to provide services to families, children and seniors will received more money this year and next.
Agencies contracted by Children and Youth Services ...
Troy Media - By Will Van`t Veld
American financial innovation might have had a bad ending, but other areas of the U.S. economy have been far more successful. Trends in productivity ...
Entrepreneurs in northern Alberta will soon have help building and growing their small and medium-sized businesses as a mobile business incubator beings making the rounds.
Minister of State for Western Economic ...
114,000 unfilled jobs in Alberta?
A coalition of nineteen Alberta business associations and groups is encouraging the federal and provincial governments to work with industry to address the impending labour shortages in western ...
Optimism mirrors different levels of growth across the country, says BMO Economics
A national study released recently by BMO reveals 44 percent of Canadians surveyed are optimistic that businesses in ...
Government commits to Western Canada’s aerospace and defence
Alberta expands funding to cover diabetes self-management supplies
Improving Canada’s poor productivity will take more than
Alberta government provides additional funding for agency service
Canada’s poor productivity will force loonie lower
Mobile Business Incubator to support rural entrepreneurs and
Coalition of Alberta business groups call for government
BMO Study: 44 percent of Canadians believe businesses
Category: Alberta, Business