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Weekly Economic Update - Week of December 12, 2016

The net inflow of people into the province has slowed but year-over-year Alberta has grown by approximately 68,000. Check out the details below...

Created:
December 20, 2016
Updated:
March 10, 2017

ECONOMIC DASHBOARD - DECEMBER 12, 2016

PRESS RELEASE(S):

·         Funding for Canada 150 will create lasting memories (Click)

Non-profit community groups in Alberta will be eligible for $2 million in grant funding to commemorate the 150th anniversary of Confederation in Canada.

 The Community Initiatives Program's (CIP) Alberta Canada 150 stream will provide $2 million to support projects that align with the four themes of the Federal Canada 150 approach which include:

·         Diversity, inclusion and the building of common interests and relationships.

·         Supporting efforts towards reconciliation of indigenous and non-indigenous Canadians.

·         Engaging and inspiring youth to carry forward the legacy of Canada 150.

·         Connecting Canadians with nature and raising environmental stewardship to the level of national consciousness.

For more information, please see http://culture.alberta.ca/community/community-grants/community-initiatives-program/alberta-canada-150/

·         Tax credits to launch in the New Year (click)

The Capital Investment Tax Credit (CITC) will encourage timely capital investments that offer opportunities for economic growth. The Alberta Investor Tax Credit (AITC) will encourage investors to provide entrepreneurs with greater access to the capital they need to innovate and expand.

 Related information:

·         Alberta Investor Tax Credit -Fact Sheet (click)

·         Capital Investment Tax Credit - Fact Sheet (click)

CALLS FOR PROPOSAL(S):

 ·         WESTERN ECONOMIC DIVERSTIFICATION CALL FOR PROPOSALS (click)

On Wednesday, January 25, 2017, Western Economic Diversification Canada (WD) will be launching the next Western Diversification Program (WDP) Call for Proposals (CFP). Applications will be accepted until Thursday, February 23, 2017.

 The WDP-CFP is targeted at not-for-profit organizations that are eligible for funding under the WDP, including First Nations, Tribal Councils, Métis and Inuit organizations.

 WD is seeking applications under the 2017 WDP-CFP that directly support one (or more) of the following WD investment priorities: 

 •          Clean technology; and/or

•          Indigenous economic growth.

In parallel to the WDP-CFP, WD is also seeking applications for the Economic Development Initiative (EDI) to enhance the vitality of francophone communities. More information on the WDP-CFP application process, including objectives and priorities, and a list of upcoming information sessions in your province, is available on the WDP website.  (http://www.wd-deo.gc.ca/eng/301.asp)

 GRANTS:

·         Alberta Municipal Solar Program (AMSP) (click)

The Alberta Municipal Solar Program (AMSP) provides financial rebates to Alberta municipalities who install solar photovoltaics (PV) on municipal facilities or land and complete public engagement for the project. For detailed information on eligibility requirements, available funding, and how to apply, please refer to the AMSP Guidebook (click).

·         Community Economic Development Website (click)

Alberta’s Community Economic Development Website (click) features a portal to funding opportunities that supports thriving communities and economic prosperity in Alberta's small cities and towns. Refine your results by Business Provider, Funding Type, Topic Type and Funding Manager.

ECONOMIC UPDATES:

 ·         Economic Review (click)Economic commentary, statistics and indicators on the overall economy, labour market, price indices, household sector and business sector.

 ·         Alberta Economy - Indicators at a Glance (click)Most recent data releases for key economic indicators relating to the overall economy, labour market, price indices, household sector and business sector

 ·         Alberta Regional Dashboard (click)

The Alberta Regional Dashboard allows you to access economic and quality of life indicators for each of Alberta's municipalities to help answer questions about living, working, investing and doing business in Alberta's diverse regions. Explore over 80 indicators including number of businesses, unemployment rates, average rent, CO2 emissions, hospitalization rates, and more. Using the dashboard view for each municipality, you can instantly see the year over year trends for each indicator, and select a dashboard tile to see in-depth information on each indicator with a series of dynamic graphs.

·         Alberta Economic Dashboard (click)

The dashboard has recently been redesigned and the layout has been modernized, with colour-coded categorizations and easier-to-interpret visualizations.  We’ve added half a dozen new indicators as well, reflecting a more complete picture of what’s happening in our economy.

SMALL BUSINESS RESOURCES:

Looking for Small Business resources? (click) Need more information on funding, regulations and other resources?  See the Alberta Small Business website at www.smallbusiness.alberta.ca

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