Prairies Economic Development Canada I Développement économique Canada pour les Prairies’ Post

Improving and investing in Atlantic Canada's infrastructure and businesses will continue the economic momentum of our region. Read recent reports that show Atlantic Canada is on a path to even greater opportunities. - ACOA President Catherine Blewett sat on the panel that discussed the workforce of the future on Monday: - https://ow.ly/XpBI50Qb1iB - Potential for Rare Earth Industrial Park in the Port of Argentia, NL - https://ow.ly/PbTL50Qb1iv - Opening of new international bridge in Edmundston delayed, cost increased - https://ow.ly/Q7YX50Qb1iE - Constanza Safatle of St. John’s started Newbornlander, her own children’s accessories business, to help immigrants like her find meaningful work in the province. Now, thanks to investment from the Dragons’ Den, she hopes to branch out across the country. - https://ow.ly/TksW50Qb1iC - Churchill Falls: Powerful, isolated and high-stakes. Take a look inside - https://ow.ly/urmf50Qb1iI - As Charlottetown-based drug manufacturer BIOVECTRA launches its new, $90 million biomanufacturing facility, CEO Oliver Technow says expansion of its production capacity is an important part of its plans to stay internationally competitive. - https://ow.ly/lB7m50Qb1kL - Startups Must Pursue Global Markets: Radian6 Alumni - The entrepreneurs behind Radian6, one of the startups that helped put Atlantic Canada on the innovation map, have a message for founders: think bigger. - https://ow.ly/3j8m50Qb1kF - Atlantic Startups Raised $117M in Q3 - https://ow.ly/UCOA50Qb1kO - Primaris CEO says the city’s record population growth over the last five years made the Halifax Shopping Centre an attractive investment. - https://ow.ly/rIjv50Qb1kM - A proposed offshore wind farm could help make Nova Scotia’s electrical grid a lot greener, but local fishermen are concerned about the project disrupting their fishing ground and livelihoods - https://ow.ly/sFB950Qb1kE - La N.-É. n’accélèrera pas la construction de parcs éoliens dans les baies côtières | https://ow.ly/GgYH50Qb1kJ https://ow.ly/Mgv550Qb1kA (in French only) - Atlantic Canadians among the biggest spenders at Christmas: Retail Council of Canada - https://ow.ly/4NOa50Qb1kK - Trésors et Délices nommée Entreprise de l’année au N.-B. - https://ow.ly/FlBB50Qb1n5 (in French only) Learn more about the positive things happening in the Atlantic economy here: https://ow.ly/MN4t50Qb1n7 and sign up for the Atlantic Momentum Newsletter published by the Public Policy Forum, for some great examples of this region’s new direction: https://ow.ly/1AXW50Qb1n6

Here is why I think investing in the North East is a smart move 🔥 ✔️Affordability: The North East offers affordable houses making it attractive for first-time buyers and investors. ✔️Rental Income: The North East offers very competitive rental yields. ✔️Investment Potential: Some areas in the North East have untapped potential for capital appreciation over time. ✔️Education: The North East is home to several prestigious universities. ✔️Employment Opportunities: Certain areas of the North East have growing economies and job opportunities. ✔️Quality of Life: The North East offers a high quality of life. The cost of living is generally lower compared to some other regions in the UK. ✔️Transport Links: The North East benefits from good transportation infrastructure. ✔️Regeneration Projects: Some parts of the North East have seen significant regeneration efforts in recent years. ✅ Save ✅ Like ✅ Share ✅ Reach out to discover our property investment opportunities in the North East . . . #startinvesting #propertytipsuk #passiveincome #buytolet ##northeastproperty

Many people ask me why Calgary? And the answer is very simple. The innovation environment that has been created in the Province of Alberta attracts any entrepreneur who thinks about evolving their business and ideas. Alberta already attracts more technology professionals than any other province in Canada. Historically linked to Oil and Gas, the future of Calgary's economy depends on tech companies and this is already evident in several initiatives. The Alberta Catalyzer, focused on helping entrepreneurs in their early stages. The Innovate Edmonton which, alongside the Platform Calgary, contribute to creating a favorable environment for the exchange of ideas and personal and professional development of those who are there. And also, projects like Calgary Economic Development, which seek the integration of all players and helping to publicize the entire environment that Calgary has become. My tip today: It's not enough to just grow and share. The environment around you is fundamental when we really seek to make a difference. Being alongside visionaries will show that you are not "crazy" alone!

Ideal Location for Entrepreneurs: Alberta 🌟 Alberta has demonstrated remarkable economic growth in the second quarter of 2024, driven by its commitment to economic diversification and business-friendly policies. Key highlights include: Economic Diversification: Alberta’s mix of competitive tax incentives, a skilled workforce, and thriving urban centers is solidifying its status as a global economic powerhouse. The provincial government continues to focus on creating favourable conditions for job creation and investment attraction, maintaining Alberta’s position as Canada’s economic engine. Major Investments: Significant investments from companies like Canadian Utilities Limited, Shell, NewCold, and Logistik Unicorp are boosting industries such as natural gas, carbon capture, utilization and storage (CCUS), agri-food, and hemp. This builds on recent growth in mining, quarrying, and oil and gas extraction, which has seen a 3.6% increase since 2022 to $29.0 billion. Job Growth: In Q2 2024, Alberta saw a net increase of 75,000 employed workers compared to the previous year, marking a 3.1% year-over-year increase and a 1.8% rise in the total labor force since January. Key sectors contributing to this growth include forestry, mining, and hospitality. Entrepreneurial Activity: Alberta recorded 31,283 new business incorporations in the first half of 2024, a 12.8% increase from the previous year. The number of active businesses grew by 1.4% from March 2023 to March 2024, outpacing Canada’s national growth rate of 0.4%. Global Recognition: Calgary, a key city in Alberta, was ranked among the top 50 global ecosystems on Startup Genome’s Top 100 Emerging Ecosystems list, highlighting the province’s robust environment for innovation and business growth. Outlook: With the continued global demand for commodities and Alberta’s strategic initiatives, the province’s growth is expected to persist, potentially setting new standards for economic prosperity and leadership by 2025. Quick Facts: Alberta’s employment growth continues to outpace the national average. Employment gains in June 2024 were driven by a significant increase in full-time positions. 👉 Join Alberta’s thriving business community and be part of its economic success story! #BusinessGrowth #EconomicDiversification #AlbertaEconomy #Entrepreneurship #Innovation #JobGrowth #GlobalRecognition #StartupEcosystem #InvestInAlberta #Canada

Taking advantage of available government funding programs can help Northern Ontario businesses to expand and thrive within their communities

The new government holds the key to unlocking thousands of jobs and billions of pounds in investment for Kent and Medway if it recognises the region’s importance to achieving growth for the U.K. economy. This week the new PM Sir Keir Starmer sat down with the mayors of city regions across the U.K. – as well as leaders from Scotland and Wales – to discuss working more closely to deliver growth. Kent and Medway have yet to adopt the mayoral model but research from Locate in Kent suggests the region will make a significant contribution to the government’s growth agenda predicting an additional £23 billion in GVA for the UK economy over the next 25 years as investment is made and projects are delivered. Nick Fenton, CEO Locate in Kent, said: “Kent and Medway will be pivotal to the success of the new government’s growth ambitions given its strategically important location for the UK as the gateway between London and Europe. “As the region works towards net zero, Kent and Medway’s future jobs prospects will come from sectors including new methods of food production, evolving communication technologies, life science R&D, advanced manufacturing and green energy. Read the full story - https://buff.ly/3VTkVXy #JoinusinKent

Construction activity and a strong job market have helped South Australia ascend to the top of the economic performance leader board, according to CommSec’s quarterly State of the States report. This is the first time South Australia has ranked No.1 in the report’s 15-year history #commbanklife #commbank

"The government has set out a new roadmap to further accelerate much-needed trade and investment in key port areas across the country. The successful Freeports policy introduced in 2021 is already empowering strategically located port communities to realise their economic potential – and in just two years, has attracted almost £3 billion of investment which will create over 6,000 jobs. The new Freeports Delivery Roadmap will help Freeports to go even further by laying out an action plan of over 50 cross-government measures. These include: 1. A £150 million Investment Opportunities Fund to help Freeports and Investment Zones respond quickly to land large investment opportunities as they arise. 2. Extending the window to claim special tax reliefs in English Freeport sites from five years to ten – securing a whole decade of growth for port communities. Other measures in the roadmap include: 1. Improving infrastructure: The UK Infrastructure Bank will work with Freeports to finance upgrades to infrastructure, including through flexible loans to local authorities and debt, equity or guarantees to private sector investors. 2. Skills and workforce access: Ensuring joint working between Freeports, Institutes of Technology and local colleges, and linking local jobseekers to opportunities at Freeports through Jobcentre Plus. 3. Investment promotion: Bringing government departments together to look at targeted interventions where Freeports face barriers to investment. 4. Programme delivery: Creating an independent advisory panel for Freeports, to increase the business voice within the programme. Some of the measures outlined in the Freeports Delivery Roadmap also apply to Investment Zones, which are boosting productivity and growth in areas in need of levelling up."

The economic development of a region relies heavily on the efficient functioning of its municipalities. One critical factor that influences economic growth is the speed in which the municipality can establish new residents and businesses. This growth is impossible if residential and commercial real estate cannot quickly meet the growing demand. We believe municipalities must consider streamlining permitting processes as a high priority economic development initiative. By reducing excessive controls, enhancing transparency, and fostering a business-friendly environment, municipalities can attract investments, stimulate entrepreneurship, and ultimately fuel economic progress. Read more below!

While the Federal government has been known for its aspirational economic development strategy, Ontario has opted for a more focused, minimalist approach. The province’s 2024 budget, announced in late March, includes: - A new $12M Health Technology Accelerator Fund - A $20M extension to the Forest Biomass Program - A three-year, $15M extension to the Critical Minerals Innovation Fund - An additional $100M for the Invest Ontario Fund The healthcare sector has welcomed the new innovation funding, but there are concerns about whether it will enable hospitals to adopt new technologies amidst pressing issues such as capacity constraints and staff burnout. It remains to be seen if the increased healthcare funding will alleviate resource pressures to embrace new Canadian technologies, a recurring challenge in the industry. Follow Nexus Strategic Consultants for more updates and coverage of the federal budget being tabled later today. Follow Nexus Strategic Consultants for more updates and coverage of the federal budget being tabled later today. #economicdevelopment #industrialpolicy https://lnkd.in/gR7QKurE