Alberta is open for business!
Our province witnessed a week of economic success this past week, unlike anything we have seen in recent years, starting with a very positive second-quarter fiscal update.
Solid Year for Alberta!
According to the update, Alberta continues to be on a path of strong economic growth, with a projected surplus of $5.5 billion in 2023-24, an increase of $3.2 billion from the original forecast in Budget 2023. Despite fiscal improvements, our government remains laser-focused on reducing the province’s debt burden and will pay down a forecasted $3.2 billion debt this fiscal year.
“Alberta continues to stand out as a leader regarding fiscal stability and economic resilience amid so much global uncertainty. Our second-quarter fiscal update is another positive report, showing strength in Alberta’s finances and economy and positioning us for future growth and prosperity,” Finance Minister Nate Horner said following the update.
While Alberta’s balance sheet is solid and resilient, our government continues prioritizing responsible economic management amid ongoing global uncertainty. As we begin preparations for Budget 2024, our government remains focused on responsible spending and Albertans’ core priorities. We will also continue implementing business-friendly policies that help create jobs and attract investment.
Dow’s Investment $9 Bln.
With a B!
Also, Albertans celebrated Dow’s landmark Path2Zero project in Fort Saskatchewan this past week. At nearly $9 billion, the Dow Path2Zero project is Alberta’s most significant private sector investment in the past 15 years.
This project will create approximately 6,000 high-paying jobs during peak construction and around 400-500 permanent high-paying jobs once completed. Path2Zero is the world’s first net zero Scope 1 and 2 greenhouse gas emissions integrated ethylene cracker and derivatives site, meaning it is aiding both our province’s path to more sustainable industrial practices while at the same time enabling further economic growth and development
Building Growth
Last but certainly not least, Alberta is still calling!
This past week, we learned that, in November alone, Alberta gained 8,900 more jobs. This means that over the past 12 months, our employment has grown by 4.1 percent, well above the national average of 2.5 percent. This is due, in part, to our government’s investment-friendly policies that have inspired job creators to set up shops and expand their operations in Alberta.
We are committed to continuing to build relationships with Alberta businesses and industry to ensure our province continues to create jobs, attract investment, and be the best place in the world to live, work, and raise a family.
With 2024 on the horizon, our government remains focused and dedicated to creating jobs, attracting investment, and growing and diversifying the economy to better the lives of everyday Albertans.
More good news and our best days are still ahead!
Sincerely,
Shane Getson
If you agree with this article, share your opinions with us. Call me today!
PLEASE NOTE:
If you have any comments to this blog post or others, please write to me at LacSteAnne.Parkland@assembly.ab.ca and I will respond to you personally as soon as possible.
For any further question on the constituency of Lac Ste Anne Parkland feel free to connect with your MLA Shane Getson by calling the phone number : 780.967.0760 (click2call), by email LacSteAnne.Parkland@assembly.ab.ca or by mailing us to:
Constituency Office
#18, 4708 Lac Ste. Anne Trail North
P.O. Box 248 “Onoway PO”
Onoway, AB
Canada T0E 1V0
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MLA Shane Getson (UCP)
Shane Getson was elected as Member of the Legislative Assembly for Lac Ste. Anne-Parkland on April 16, 2019.
Engagement
I currently serve as Deputy Chair on the Standing Committee on the Alberta Heritage Savings Trust Fund and as a Member of the Standing Committees on Resource Stewardship.
Check often my Engagement page to discover my Focus Projects for 2021, among which I want to introduce you to the importance of Utility Corridors. I have the firm belief that the usage of these corridors will contribute immensely to Alberta's future so, for more details please contact me at your convenience.