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Competitivness Council Moving Alberta Forward

Competitivness Council Moving Alberta Forward

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Published by Karen Kleiss

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Published by: Karen Kleiss on May 18, 2011
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05/18/2011

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 Alberta Competitiveness Council
MOVING ALBERTA FORWARD
M     A     Y
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ii |
 Alberta Competitiveness Council – Moving Alberta Forward
 
CONTENTS
MESSAGE FROM THE CO-CHAIRS ......................................................................................iEXECUTIVE SUMMARY .........................................................................................................iiBACKGROUND ...................................................................................................................12Enhancing Alberta’s Competitiveness ...........................................................................12Why Competitiveness Matters .......................................................................................12The Competitiveness Pyramid .......................................................................................14The Alberta Competitiveness Council ............................................................................15The Task Team Process .................................................................................................16OVERALL FACTORS OF COMPETITIVENESS ....................................................................18 AGRICULTURE GRAINS AND OIL SEEDS .......................................................................26FINANCIAL SERVICES ........................................................................................................32MANUFACTURING ..............................................................................................................38PETROCHEMICALS / CHEMICALS ....................................................................................44MOVING FORWARD TOGETHER .......................................................................................49
 
 
 Alberta Competitiveness Council – Moving Alberta Forward
| i
MESSAGE FROM THE CO-CHAIRS
 A competitive Alberta promotes and enables uture growth and prosperity in the province or current anduture generations. Improving Alberta’s competitiveness is a shared responsibility between governmentand private business and industry.In 2010, the Alberta government created the Alberta Competitiveness Council to look at ways to improve Alberta’s ability to compete in a global economy. A more competitive economy benets all Albertans bycreating more sustainable and stable economic growth that improves living standards and quality o lie.The Alberta Competitiveness Council consists o government and industry leaders. Together, we identiedactions needed to increase Alberta’s competitiveness in general, as well as in our specic sectors:
 
Æ
 Agriculture – Grains and Oil Seeds; 
Æ
Manuacturing; 
Æ
Financial Services; and 
Æ
Petrochemicals/Chemicals.
The Council’s work included developing a ramework or measuring competitiveness to compare Alberta’sperormance with that o other jurisdictions. This benchmarking study ound that Alberta has a soundoundation or competitiveness – specically, living standards, economic well-being, and taxes and scalpolicy. In some areas, however, Alberta has room or improvement, primarily in relation to investments inresearch and development, productivity growth and innovation.Focusing on the ndings rom the benchmarking study and based on consultations with industry, the Councildetermined the priority actions to improve Alberta’s competitiveness. The recommendations are practical –and through collaborative partnerships, they will be implemented with meaningul results.The work o the Council has never been about implementing a single major initiative nor has the Council’swork been about major spending commitments. It is about moving in the right direction and taking concretesteps to improve competitiveness and doing so without delay. Most importantly, it is about collectivelyresponding to challenges and keeping our province on track or a prosperous uture.We would like to thank the many individuals who shared their knowledge and provided their support as weprepared this action plan. We commend the collaborative approach used to arrive at this plan. By workingtogether as equal partners, recognizing that actions must occur in both the public and private spheres,we will make a dierence.
HonourableEd Stelmach
Premier
Bob Brawn
 Chair, Alberta EconomicDevelopment Authority 

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