Alberta Jobs Plan drives diversification and growth

By Bruce Hinkley, MLA for Wetaskiwin-Camrose.

The Alberta Jobs Plan has driven diversification and growth.

In the first quarter of 2016-17 ATB Financial authorized 3,132 loans to small-and medium-sized Alberta businesses worth a total of $754 million.

A 33 per cent cut to the small business tax gave Alberta the second lowest rate in Canada.

Capital investment in manufacturing and service sectors is expected to reach a record of just over $21 billion this year.

Alberta‘s Modernized Royalty Framework has led to increased drilling this year. By early this fall, more than 129 new wells had been approved, with each well supporting an estimated 135 direct and indirect jobs. As the University of Calgary said, "Alberta is more competitive now than its immediate neighbours in BC and Saskatchewan, for conventional investment. It is also les distorting across different types of wells, which is an important quality in a well designed royalty system. (U of C. School of Public Policy, Oct. 31, 2016).

As of October AimCo has made investments in four companies, for a total of $104.5 million in deployed capital under the Alberta Growth Capital mandate, contributing to the overall $1 billion increase in the value of their Alberta holdings.

Pending legislative approval the Alberta Investor Tax would support up to 4,400 new jobs over three years and contribute up to $500 million to the province’s GDP.

Non-oil and gas investment is expected to reach a record high of $38 billion this year.

Capital investment in manufacturing and service sectors is expected to reach a record of just over $21 billion this year.

Good jobs begin with a good education, approximately 2,700 students were supported in summer jobs this year with the reinstatement of the Student Temporary Employment Program. Thirty new schools were opened across the province this summer as well.

The Government of Canada and Government of Alberta are pleased to offer cost-shared grant funding under Canada’s Clean Water and Wastewater Fund and Alberta Transportation’s Water for Life Program for the Pigeon Lake Regional Wastewater System-Phase 2. The County of Wetaskiwin will receive up to $6,426,988 for the project.

Alberta Education is inviting applications from qualified individuals interested in being appointed to and serving on six different professional discipline committees established under the Teaching Profession Act. Successful candidates will be appointed to one of the following committees:

• Professional Conduct Committee

• Professional Conduct Complainant Appeal Committee

• Professional Conduct Appeal Committee

• Professional Practice Review Committee

• Professional Practice Appeal Committee  

• Professional Practice Complainant Appeal Committee.

These committees adjudicate matters related to the professional misconduct and professional incompetence of teachers who hold active membership in the Alberta Teachers’ Association. For more information regarding this opportunity and how to apply, candidates can click here.

Also, if you have the time and interest you can actually catch the action live in the Chamber when Sessions are sitting. You can attend live from the public gallery at the Alberta Legislative Building. If you would like an introduction please let me know several days in advance, or you can watch on television--Question Period on CTV Two. You can watch online at the click of a mouse through: Have a great week. You can contact my Camrose Office at 780-672-0000 or Wetaskiwin Office at 780-352-0241.

 First published in the Wetaskiwin Times Advertiser, Nov. 16, 2016.