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Made in Alberta: CME releases manufacturing plan of action

Published by Frank Defalco on November 28, 2013

Made in Alberta: CME releases manufacturing plan of action

Canadian Manufacturers & Exporters (CME) today released a made-in-Alberta plan of action to keep the province’s economic engine firing on all cylinders.

Manufacturing is vital to Alberta’s economy and to the prosperity and living standards of all Albertans. The numbers simply speak for themselves: more than 140,000 employed in the sector, wages 10 per cent higher than the provincial average, nearly $75 billion in annual sales, 8.5% of provincial GDP, 25 per cent of all exports, and the largest economic multiplier of any industry — $3.15 for every dollar in total output.

The five-point plan outlines the key priorities and 26 recommendations to strengthen manufacturing in the province by the year 2020.

“CME has identified five main goals that will help Alberta manufacturers become world leaders,” said Mathew Wilson, CME vice president of national policy. “Enhancing the image of manufacturing, supporting investment and innovation, increasing the quality and quantity of the labour pool, creating a globally competitive business environment and expand value-added and international business opportunities are what is needed.”

The overall goal of the plan is to work with companies, governments and other supporting networks to double manufacturing output to $150 billion and increase exports by 50 per cent to $36 billion over the next seven years.

“Other jurisdictions are moving aggressively to attract investment, grow their value-added manufacturing base, and create high-paying jobs,” adds Wilson. “Most Canadian provinces and US states have created more favourable tax and investment policies supporting investment and innovation.”

Manufacturing is a source of well-paying, exciting career opportunities, and a foundational part of Alberta communities.

“Alberta needs to make a commitment to these goals to be recognized as more than just an oil province,” concluded Wilson

To download a copy of the plan, visit Alberta manufacturing plan of action

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