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Economic Development and Trade: Alberta’s Economic Outlook

This presentation by Assistant Deputy Minister Shannon Flint provides an overview of Alberta's current economic situation, support for small businesses, access to capital, science and innovation, and the diversification of the economy. It also discusses opportunities for market access, promoting investment, participating in trade negotiations, rural broadband awareness and preparedness, and the phased out of coal. Despite the challenges, there are partnership opportunities for growth in key sectors and cooperation on issues such as innovation and climate change.

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Economic Development and Trade: Alberta’s Economic Outlook

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  1. Economic Development and Trade:Alberta’s Economic Outlook Presentation by Assistant Deputy Minister, Shannon Flint Economic Development and SMEs, Economic Development and Trade March 11, 2016

  2. Current economic situation

  3. Ministry of Economic Development and Trade

  4. Support for small businesses

  5. Access to capital

  6. Science and innovation

  7. Diversifying the economy

  8. Opportunities

  9. Market access • Offer high-quality services and supports for export-ready firms, including market intelligence and networking that opens doors and creates opportunities for Albertans. • Promote Alberta's investment opportunities to targeted companies in priority markets. • Lead Alberta’s participation in domestic and international trade negotiations by strengthening Alberta’s international interests and relationships. • Manage Alberta’s international office network of 11 offices.

  10. Rural BroadbandAwareness and Preparedness • Awareness • In partnership with University of Alberta and Regional Economic Development Alliances (REDAs), EDT is developing the Getting Started: Building a Broadband Consensus Toolkit • Preparedness • Assisting (REDAs) and their partners to undertake regional broadband planning efforts • Being prepared allows REDAs to create a vision for what could be the future state of regional broadband infrastructure

  11. Coal phase out • Alberta’s Climate Leadership Plan includes an accelerated phase-out of Alberta’s dependence on coal by 2030. • This is a complex challenge that will impact industry and the communities this industry supports. • The Government of Alberta will be working closely with experts before deciding on which options for the transition are best for Albertans.

  12. Conclusion • Despite current economic challenges, there are opportunities for partnership including: • Growing trade in key sectors such as clean technologies, forestry and agriculture. • Investing in value-added areas including the petrochemicals sector. • Cooperating on issues such as innovation and climate change.

  13. Thank You

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