Thursday, April 25, 2024

ALBERTA MANUFACTURING STRATEGY: POLICY RECOMMENDATION TO SPUR MANUFACTURING INVESTMENT, INNOVATION AND JOB CREATION

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Alberta Manufacturing Strategy: Policy Recommendation to Spur Manufacturing Investment, Innovation and Job Creation was launched today by Canadian Manufacturers & Exporters (CME).

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SUMMARY OF RECOMMENDATIONS

  1. Growing Alberta’s Manufacturing Market Share
  • Collaborate with industry launch an “Alberta Made” campaign to promote local manufacturing and supply chains, in a manner that builds on the “Made in Alberta Labelling Program.”
  • Adopt a comprehensive approach to supporting Alberta’s strategic and emerging manufacturing sectors, including petrochemicals, food processing, fabricated metals, wood products, mineral value chains and machinery and electronic equipment.
  • Invite the Canadian Manufacturers and Exporters Association to participate as a member of the Alberta Procurement Council to support competitive local procurement practices to drive provincial innovation, investment and job creation.
  1. Encouraging Investment
  • Introduce an “Alberta Made” matching investment tax credit or grant program to assist companies with plant expansion, upgrades, technology adoption, onshoring, re-tooling, improving environmental performance, and exporting.
  • Implement a Patent Box tax exemption system to reward commercialization and production of goods and advanced technologies in Alberta.
  1. A Manufacturing Labour Force Strategy
  • Support CME members in expanding efforts to attract underrepresented groups to manufacturing through training and grant programs.
  • Support manufacturers in encouraging Alberta’s education system to connect youth to manufacturing careers.
  • Work with Alberta’s manufacturers to strengthen immigration programs to meet the labour market needs of industry.
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