Jobs, Economy, Pipelines

Michele Evans, Assistant Deputy MinisterAlberta Economic Development, Trade & Tourism

March 6, 2020

Budget 2020: A Plan for Jobs & the Economy

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Revenue Volatility

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1. Supporting businesses

2. Freeing job creators from senseless red tape

3. Building infrastructure

4. Skills development

5. Selling Alberta to the world

Getting back to work: Blueprint for Jobs

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• Investment and Growth Strategy

– Investment Agency

– Energy, Agriculture, Fin-tech, Aerospace/Aviation, Tech

• Innovation System

– Innovation Capital Working Group

– Benchmarking & Intellectual Property

– Tech Sector Plans (Artificial Intelligence, Life Sciences)

• Tourism: 10 year Tourism Strategy

Economic Development, Trade & Tourism

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Double tourism spending in Alberta

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GAP ANALYSIS

Vis

ito

r Sp

end

2020 2030

$10B

$20B

Organic GrowthCAGR = 3.3%

$13.4B

▪ Accelerated growth▪ Change management▪ Investment▪ All of government and

industry approach to tourism

$20B

$8.9B

Accelerated GrowthCAGR = 7.0%

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THE ALBERTA CONTEXT: POWERFUL INDUSTRY

PERFORMANCE.

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KNOWING OUR CUSTOMER.

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KEY LEARNINGS: CHALLENGES &

OPPORTUNITIES.

GOVERNANCE & ALIGNMENT

DEDICATED, STABLEFUNDING

INFRASTRUCTURE & ACCESSIBILITY (e.g. rail)

CROWN LAND ACCESS & POLICY

PEAK SEASON CAPACITY(and affordability)

LABOUR TRAINING & EDUCATIONTECHNOLOGY/CONNECTIVITY

PRODUCT DEVELOPMENT

DESTINATION DEVELOPMENT & MANAGEMENT

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5 Focus Areas

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