ABCtech #48 Creating the New Alberta Economic Resilience – Fall 2015

Creating the New Alberta!

Report HERE reveals options for addressing Alberta’s wide-spread decrease in economic resilience and weak SME ecosystem 

              
     ALBERTA’S CURRENT REALITY

Widespread Resilience Decrease

Jobs/People Impact Severe

Edmonton Region decreased 19%, now …

On par with Calgary. Most industries decreased

Only Legal Services and Tourism escaped

Decreased corporate investment

Increased unemployment and layoffs

Decreased job creation

Constraints on Recovery

Limited Government Role

67% view the Ecosystem for SMEs as ineffective

Banks and VCs are too risk averse to help

Market access, debt and government ideology

Policy support for SMEs and entrepreneurs

Invest in research before projects or techcom

Negotiate trade agreements

Industries Most Vulnerable

Industries Least Vulnerable

Infotech (Analytics) and BioTech (Health)

Research (Education)

Forestry (Wood Products)

Legal (Security)

Human Resources (Development)

Tourism (Entertainment & Hospitality)

 TOP 3 OPTIONS CITED FOR SIGNIFICANT WEALTH CREATION

Immediate

Mid-term

Long term

< 5-years

Tourism (Hospitality)

Agriculture (Food Processing)

Construction (Real Estate)

5-15 years

BioTech (Health)

Renewable energy

Transportation and Infotech

> 15 years

Nuclear energy including –

advanced manufacturing

Renewable energy

Essential for Creating the new Alberta!  A resilient economy, Leadership in innovation, and Energy transitions

Join us in Red Deer, November 26th – our all-industry Convention for addressing 

what can be done to advance recovery and improve Alberta’s economic resilience

                                      *Full Report at http://www.ABCtech.ca