Calgary chamber calls for pro-business plan with election on the horizon yyc yycbiz abpoli ableg
At the root of the report, called Accelerate, is the importance of best utilizing the surpluses of not just this fiscal year, but the next two as well. The report argues this is made more critical due to the stability this black ink should give Alberta during a period of economic uncertainty faced by the rest of the country and much of the globe. It has also been argued this could be the final big boom for the oil and gas sector with a transition to renewables taking on more momentum.
Chamber members outlined five priorities that can be impacted by the provincial government, with access to talent and labour taking top spot, followed by inflation, cost of doing business, ability to secure investment and funding, and supply chain constraints.The importance of fiscal responsibility moving forward
The second step is to address affordability and rising costs. This can be done in several ways by lowering corporate taxes to between six and eight per cent while dropping small business tax to below two per cent. The chamber is calling for more de-risking of investments in energy and critical mineral projects as well as the tech sector.The fourth step — talent and labour — is the chamber’s top priority and is not isolated as an Alberta or Calgary challenge. Due to the economic activity of the province, however, it is arguably more acute here.
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