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ALBERTA ADVANTAGE


OVERVIEW

Learn about the advantages of living, growing a business, building a career and
raising a family in Alberta.

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OVERVIEW

Alberta is the economic engine of Canada, with a young, skilled and vibrant
workforce and diversifying economy built on strong, business-friendly policies
that continue to attract job-creating investment. 

We lead the country in job creation in high-earning positions across different
sectors of our economy. In turn, we’re making life more affordable and enjoyable
for all people living in Alberta.

The Alberta Advantage is breathing new life into Alberta’s economy and creating
new opportunities for Albertans in all corners of our province.


WHAT MAKES THE ALBERTA ADVANTAGE

 * A diversifying and growing economy
   
   We’re attracting new, high-impact private-sector investments that are
   creating good jobs, improving our competitiveness and diversifying our
   economy.
   
   With one of the lowest corporate tax rates in North America and a
   highly-skilled workforce, more corporations and large companies are investing
   in Alberta.
   
   We continue to focus on reducing red tape for Alberta businesses and
   providing supports to help businesses and entrepreneurs thrive.


 * ENERGY
   
   We're setting an unprecedented path toward a new, innovative and diversified
   energy future while reducing emissions, supporting the development of
   ground-breaking technology and encouraging investment:
   
    * Fighting for increased market access and protecting the value of our
      energy exports to grow our economy and create jobs.
    * Implementing the Natural Gas Vision and Strategy and the Alberta
      Petrochemicals Incentive Program to capitalize on emerging opportunities
      and grow our economy.
    * Implementing the Hydrogen Roadmap to ensure we are a key player in the
      global clean hydrogen economy and supporting our place as an international
      supplier of responsible energy products.
    * Joining other provinces in supporting the development of small modular
      nuclear reactors.
    * Leveraging Alberta’s natural geological advantages and furthering energy
      diversification by introducing a new minerals strategy.
    * Helping Indigenous investors and communities be more involved in the
      energy sector through the creation of the Alberta Indigenous Opportunities
      Corporation.
    * Making Alberta a destination for companies looking to advance their
      environmental, social and governance goals.
    * Speeding up well, pipeline and site clean-up efforts in the oil and gas
      sector through the Site Rehabilitation Program.
    * Working with our U.S. partners on a strategy to bolster energy security
      and independence.
    * Developing geothermal related regulations and regulation amendments to
      enable the Alberta Energy Regulator to regulate the safe, efficient and
      responsible development of Alberta’s geothermal resources.
    * Advancing the goal of national energy and resource corridors by
      establishing a task force to work with industry and other levels of
      government.


 * TECHNOLOGY
   
   We're creating an environment where businesses in the rapidly-growing
   technology sector can flourish:
   
    * Implementing the recommendations of the Innovation Capital Working Group.
    * Launching the Innovation Employment Grant to incent growth and attract new
      business to Alberta.
    * Providing more than $30 million to our post-secondary institutions to
      support leading-edge research in quantum computing, artificial
      intelligence and energy efficiency.
    * Launching a technology and innovation strategy.
    * Providing $35 million for business accelerators and scale up programming
      to help Alberta technology companies grow.
    * Launching the Innovation Catalyst Grant to support recent STEM graduates
      in commercializing innovative science-based technologies.
    * Providing $30 million to accelerate and grow artificial intelligence
      research, development and expertise in the province.
    * Recapitalizing the Alberta Enterprise Corporation with a $175-million
      investment to support our technology companies and provide access to
      capital for early-stage companies.


 * ARTS AND CULTURAL INDUSTRIES
   
   We're growing Alberta's cultural industries over the next decade through
   targeted programs that support job creation and economic diversification:
   
    * Removing the $10 million per project cap on our Film and Television Tax
      Credit program and investing a total of $335 million over the next 3 years
      in the program to help further industry confidence and support even more
      growth in the sector.
    * Increasing funding to $8 million to the Alberta Media Fund, including an
      additional $4 million towards the Alberta Made Screen Industries Program.
    * Strengthening the screen-based sector at the grass-roots level with grants
      for smaller and independent productions.


 * AEROSPACE AND AVIATION
   
   We’re building Alberta’s aerospace and aviation sector:
   
    * Seeking partnerships and working with post-secondary institutions and
      private sector investors.
    * Investing $5 million through the Aviation Skills Grant in 2023-24 to train
      the skilled employees the province’s thriving aerospace industry requires.


 * AGRICULTURE
   
   We're ensuring the agriculture sector and rural Alberta continue to be
   driving forces in our economy:
   
    * Boosting Alberta’s competitive advantage through a new Agri-processing
      Investment Tax Credit that will help attract large-scale investments to
      grow the value-added agricultural industry and create more jobs.
    * Implementing the Economic Development in Rural Alberta Plan so rural
      Albertans have more economic opportunities where they live.
    * Participating in the Sustainable Canadian Agricultural Partnership, a
      5‐year (2023 to 2028), $3.5 billion investment by federal, provincial and
      territorial governments to strengthen the agricultural and agri‐food
      sector’s competitiveness, innovation and resiliency.
    * Expanding and modernizing irrigation infrastructure by partnering with the
      Canadian Infrastructure Bank and 9 irrigation districts for a record
      $933-million investment over 7 years. This will increase primary
      agriculture production, support a diversified value-added processing
      industry, improve water efficiency and storage capacity.
    * Investing about $174 million more in Agriculture Financial Services
      Corporation in Budget 2023 to make sure farmers and ranchers will continue
      to have access to insurance and income stabilization programs they can
      depend on.
    * Supporting agriculture research through Results Driven Agriculture
      Research by providing $38.5 million each year between 2023 and 2025 to
      make sure there are tangible results for farmers and a more abundant food
      supply at an affordable cost for consumers.
    * Investing $24 million to expand the Agrivalue Processing Business
      Incubator to help more start-ups and established food business grow.
    * Exceeding key milestones in the Agri-food Investment and Growth Strategy,
      attracting almost $1.5 billion in new agri-food investment and creating
      about 3,000 jobs for Albertans between 2019 and 2022.


 * TOURISM
   
   We're building on our tourism sector that employs more than 82,000 Albertans,
   adds more than $10 billion annually to the economy and attracts people from
   all over the world to our province:
   
    * Developing a tourism strategy to grow the visitor economy and support
      ongoing sustainable investment in tourism.
    * Reducing red tape and regulatory barriers to growth.
    * Issuing $71.9 million through Budget 2023 to Travel Alberta, a roughly 14%
      increase, to assist with its expanded mandate, addressing government’s
      additional priorities to grow the visitor economy, including air access
      expansion, rural tourism, enhanced marketing, and destination development.
    * Providing $6 million over the next 3 years to Indigenous Tourism Alberta
      to help grow Indigenous tourism businesses across the province.
    * Implementing the Air Access Expansion Strategy to increase diversification
      and growth of Alberta’s aerospace, aviation, and logistics sectors.


 * REDUCING EMISSIONS
   
   We're empowering Alberta’s industries to reduce emissions through:
   
    * the Alberta-made, industry-funded Technology Innovation and Emissions
      Reduction (TIER) system, which invested $2.5 billion from industrial
      carbon pricing funds in programs that support emissions reductions and
      climate resiliency in 2009 to 2021. $800 million from the TIER fund is
      being invested over the next 3 years for projects and programs that are
      supporting jobs, cutting emissions and keeping businesses competitive.
    * an internationally recognized methane emissions management framework
    * further development of carbon capture, utilization and storage and other
      technologies (CCUS), in addition to the $1.8 billion committed to CCUS
      projects to date
    * the Emissions Reduction and Energy Development Plan, which outlines and
      expands on Alberta’s practical and proven approach to emissions management
      and climate policy, and ensures that Alberta remains a responsible
      producer of reliable, affordable and sustainable energy.


 * REDUCING RED TAPE
   
   We're reducing the regulatory burden to drive economic growth and support
   innovation, while saving job creators both time and money:
   
    * Allowing municipalities to establish inter-municipal business licences so
      that businesses can operate in multiple communities without having to
      purchase a licence in each one.
    * Establishing a “regulatory sandbox” for Alberta financial services and
      fintech companies to have a safe space where new products and services can
      be tested without immediately meeting all existing regulatory
      requirements, with the benefit of creating new jobs and exploring
      innovative financial solutions.
    * Addressing labour shortages in skilled trades professions by making the
      apprenticeship system more flexible and responsive, and supporting
      enhanced classroom and sponsorship opportunities.
    * Outlining a path to unlock Alberta’s untapped mineral resources, including
      a “one-window” approach to regulatory approvals and reduced compliance
      burden for industry.


 * FIND A PROGRAM
   
    * Alberta Petrochemicals Incentive Program provides grants to companies to
      attract investment in new or expanded market-driven petrochemical
      facilities.
    * Site Rehabilitation Program provides grants to oil field service
      contractors to perform well, pipeline, and oil and gas site closure and
      reclamation work.
    * Technology Innovation and Emissions Reductions System is Alberta’s
      approach to reducing emissions from large industrial emitters and keeping
      industry competitive.
    * Agri-processing Investment Tax Credit provides a 12% non-refundable tax
      credit against eligible capital expenditures for corporations investing
      $10 million or more to build or expand agri-processing facilities in
      Alberta.
    * Sustainable Canadian Agricultural Partnership delivers grant programs that
      generate sustainable economic growth in the agricultural and agri-food
      sector.
    * Agriculture Financial Services Corporation offers business risk management
      programs, disaster relief and lending support for producers and
      agribusinesses.
    * Agrivalue Processing Business Incubator supports new food businesses and
      established food manufacturers.
    * Results Driven Agriculture Research enables Alberta producers to determine
      priorities and lead agriculture research through connections with
      scientists, educational institutions and private industry.
    * Innovation Employment Grant offers small and medium-sized businesses a
      grant of up to 20% toward qualifying research and development
      expenditures.
    * Innovation Catalyst Grant offers entrepreneurial fellowship to support
      recent STEM graduates in commercializing innovative science-based
      technologies.
    * Research Capacity Program offers post-secondary institutions and
      researchers grants to acquire small equipment and large research
      infrastructure.
    * Alberta Innovates provides access to programs, funding, business supports
      and research facilities to accelerate entrepreneurship and
      technology-based innovation across the province.
    * Major Innovation Fund supports transformative research and innovation
      excellence to advance Alberta's priorities and deliver results.
    * Aboriginal Business Investment Fund can partially or completely fund
      capital costs for Indigenous community-owned economic development
      projects. 
    * Film and Television Tax Credit offers a refundable Alberta tax credit
      certificate on eligible Alberta production and labour costs to
      corporations that produce films, television series and other eligible
      screen-based productions in the province.
    * Alberta Media Fund offers a variety of grants to help support the growth,
      sustainability, competitiveness and business attraction of our province’s
      cultural industries.
    * Travel Alberta Industry Hub provides access to focused tourism insight,
      resources, programs and opportunities.
    * Agriculture Financial Services Corporation offers business risk management
      programs, disaster relief and lending support for producers and
      agribusinesses.
    * Aviation Skills Grant provides funding to aviation sector employers to
      offset employer training costs for new and unfilled jobs.
    * The Northern and Regional Economic Development Program offers funding to
      municipalities, Indigenous communities and economic development non-profit
      organizations to support projects that contribute to the economic
      development and diversification in communities across Alberta.
    * The Alberta Economic Dashboard and Regional Dashboard provide useful
      economic data and insights to help answer questions about living, working,
      investing and doing business in Alberta.

 * Abundant job opportunities and world-class education programs
   
   Alberta leads the country in job creation in high-earning positions in
   sectors across our economy. Our world-class post-secondary institutions and
   adult learning system can help individuals find training opportunities and
   pursue rewarding careers.
   
   Albertans can take advantage of opportunities to update or gain new skills at
   any stage in their careers.


 * ATTRACTING TALENT AND DEVELOPING OUR WORKFORCE
   
   We’re taking action to ensure Alberta’s workforce remains highly skilled with
   the expertise businesses need for the jobs of today and tomorrow:
   
    * Investing in education and job training with more than $700 million to the
      Alberta at Work initiative, giving Albertans the skills they need for
      today’s job market and our future economy. 
    * Investing $193 million to create nearly 8,000 new seats in high-demand
      post-secondary programs such as health care, technology and business to
      ensure students have the skills and knowledge they need to meet the labour
      market demands and enter Alberta’s workforce.
    * Removing barriers to labour mobility to ensure skilled and talented
      professionals from across Canada can get to work quicker by recognizing
      out-of-province credentials.
    * Encouraging people from across Canada to bring their skills to Alberta
      through the Alberta is Calling campaign, appealing to talented
      professionals in in-demand sectors such as skilled trades, health care,
      engineering and technology. 
    * Attracting the best and brightest job-creating entrepreneurs and skilled
      graduates to Alberta through the Graduate Entrepreneur Stream and the
      Foreign Graduate Entrepreneur Stream.
    * Making sure our province is ready to meet the increasing demand for highly
      skilled workers in all sectors of the economy through the Alberta 2030:
      Building Skills for Jobs strategy.


 * INVESTING IN CRITICAL INFRASTRUCTURE PROJECTS TO CREATE EVEN MORE JOBS
   
   Investing nearly $23 billion in infrastructure projects over 3 years to
   support more than 20,000 direct and 12,000 indirect jobs through to 2025-26:
   
    * Increasing funding for municipalities through the Strategic Transportation
      Infrastructure Program, adding an additional $50 million to support 70
      priority infrastructure projects.
    * Partnering with the Canada Infrastructure Bank and 9 irrigation districts
      to expand and modernize Alberta’s irrigation infrastructure.
      * At almost $933 million over 7 years, this is the largest one-time
        investment in irrigation in the province’s history, which will transform
        up to 230,000 acres and create more than 8,700 jobs.
      * Expanding irrigation infrastructure to increase primary production will
        support a diversified value-added processing industry.
    * Partnering with the Canada Infrastructure Bank, the Municipal District of
      Acadia and the Special Areas Board to invest $7 million to continue
      planning a large-scale irrigation project in east-central Alberta that has
      the potential to add 108,000 more irrigated acres to Alberta’s current 1.8
      million. 
    * Pursuing alternative financing options and attracting private sector
      investment to help build much needed infrastructure, create jobs and
      stimulate the economy while making the most of limited taxpayer dollars.
      Five Alberta high schools will be built using a public-private-partnership
      (P3) model, which will save $114.5 million and create about 1,700 jobs.
    * Investing in federal-provincial-local cost-sharing projects through the
      Investing in Canada Infrastructure Program. To date, more than 200
      projects and project bundles have been approved for ICIP funding in more
      than 30 Alberta constituencies.
    * Strengthening infrastructure planning using the Infrastructure
      Accountability Act and the 20-year strategic capital plan to guide budget
      and capital project priority decisions.
    * Helping Indigenous community-owned businesses capitalize on opportunities
      to improve local socio-economic outcomes by expanding the Aboriginal
      Business Investment Fund to provide $23 million over the next 3 years.
    * Taking steps towards building a provincial hydrogen economy and accessing
      global markets with $10 million over 3 years for the Clean Hydrogen Centre
      of Excellence.


 * ENHANCING OUR POST-SECONDARY SYSTEM
   
    * $15 million over 3 years through a partnership with Mitacs to support more
      than 3,800 internship opportunities to help promising students gain
      world-class research skills from industry professionals.
    * $20 million to increase direct support for apprentices and invest in the
      organizations that promote apprenticeship and help these students gain
      critical on-the-job experience.
    * $8 million over 4 years (2022 to 2026) to expand the Work Integrated
      Learning Industry Voucher program and create up to 1,600 Work Integrated
      Learning placements, in addition to the 650 opportunities already funded
      through the 2021 pilot.
    * $8.7 million commitment in Budget 2023 to foster healthy campuses and
      support student mental health. This is the third year of its 3-year
      funding commitment for a total of $25.8 million.


 * FIND A PROGRAM
   
    * Graduate Entrepreneur Stream allows qualified international graduates from
      Alberta post-secondary institutions to apply for permanent residence if
      they want to establish or operate a business in Alberta.
    * Foreign Graduate Entrepreneur Stream helps talented and qualified foreign
      educated graduates from outside of Canada to apply for permanent residence
      upon launching start-up enterprises and innovative businesses in Alberta.
    * Work-Integrated Learning pilot program is creating new learning
      opportunities to help students get the job ready-skills they need, while
      providing employers with access to local talent.
    * Women Building Futures offers training, mentorship and support for women
      considering a career in the trades.
    * Women in STEM Scholarship supports women and gender-diverse individuals
      pursuing careers in STEM (science, technology, engineering and
      mathematics) fields where their gender is underrepresented or who are
      working to advance gender equality in their chosen field.
    * Mitacs internship programs for Albertans offer hands-on learning
      opportunities for students to gain research skills from experienced
      industry professionals.
    * ALIS is a self-service tool that provides Albertans with labour market
      information and advice to help them plan careers, find learning
      opportunities and gain employment.
    * The Training and Employment Services Directory outlines programs and
      services to help individuals find and keep jobs, get training and adapt to
      a changing labour market.
    * Municipal Stimulus Program provides additional capital infrastructure
      funding to municipalities and Metis Settlements for projects such as
      roads, bridges, water and wastewater systems, public transit and
      recreation, to support economic recovery and jobs.
    * Strategic Transportation Infrastructure Program provides funding to
      municipalities for projects to develop and maintain local transportation
      infrastructure, such as community airports, local road bridges and
      resource roads.
    * Investing in Canada Infrastructure Program allocates $3.66 billion from
      the federal government to invest in projects that strengthen our economy
      and get Albertans working.
    * Public-private partnerships and unsolicited proposals encourages the
      private sector to come forward with creative financing solutions to help
      provide the infrastructure Albertans need.

 * Affordability and exceptional quality of life
   
   Our strong economy is helping make life more affordable and enjoyable for all
   Albertans. Albertans pay less in overall taxes compared to other Canadians,
   with no PST, payroll tax or health premium.
   
   Home to breathtaking natural landscapes, diverse cultures, rural communities
   and cosmopolitan cities – there’s something for everyone to experience and
   enjoy in Alberta.


 * KEEPING ALBERTA AFFORDABLE
   
    * Providing quick, effective supports under Alberta’s Affordability Action
      Plan, the largest of its kind in Canada, to help Albertans cut costs and
      deliver relief to help families, businesses and vulnerable Albertans.
    * Inviting Albertans struggling with inflation and the high cost of living
      to apply for the Affordability Payments program until June 30, 2023.
      Eligible applicants will receive up to $600 per person, including for
      dependents. 
    * Expanding utility rebates, indexing personal income tax retroactive to the
      2022 tax year, suspending provincial fuel tax, and providing targeted
      relief payments to families, seniors and vulnerable Albertans.
    * Providing affordability grants for child care operators to lower fees for
      all parents.
    * Expanding child care subsidy eligibility to save parents earning up to
      $180,000 even more.
    * Albertans pay less in overall taxes with no PST, no payroll tax or health
      premium, as well as a low provincial income tax indexed for inflation that
      about 40% of Alberta tax filers don't pay.
    * Providing funding to Calgary and Edmonton to support their downtown cores
      as energetic, healthy and safe places to live, work and play.
    * Expanding rural broadband as part of Alberta’s Broadband Strategy so
      Albertans living in more remote areas can stay connected, support their
      livelihoods, and have improved access to education, health care and the
      global marketplace.  
    * Supporting a wide range of learners across all forms of post-secondary
      education by:
      * offering student aid programs, including repayable student loans,
        grants, scholarships, awards and bursaries
      * capping tuition increases for domestic students at public institutions
        at 2% at the institution level from the 2024/25 year onwards
      * reducing the interest rate on student loans to the prime rate
      * extending the student loan grace period from 6 months to 12 months
      * increasing eligibility for the Repayment Assistance Plan


 * FIND A PROGRAM
   
    * The Affordability Action Plan is taking quick, effective action to cut
      costs and deliver relief to help families, businesses and vulnerable
      Albertans. 
    * The federal-provincial childcare agreement has helped to reduce fees for
      parents of children 0 to kindergarten age by an average of half. By 2026,
      parents will pay an average of $10 per day.
    * Alberta student aid options are helping make post-secondary education
      affordable and accessible, including:
      * $1.1 billion in Alberta student loans to help an estimated 131,000
        students pursue post secondary education
      * $112 million in scholarships and awards to approximately 57,000 students
      * $69 million in grants to about 25,000 students


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