Daily Update: July 9, 2020
Supports for Business
New 10 Year Grant to the Petrochemical sector
The Alberta Petrochemicals Incentive Program, part of Alberta’s Recovery Plan, will bring multi-billion dollar investments to petrochemical projects throughout Alberta, helping to strengthen and diversify the province’s economy and create new jobs for Albertans. Key features include:
- A 10-year program period during which eligible projects must be built and operational.
- Adopting an open and transparent funding process, whereby every project that meets the program’s criteria will receive funding once built and operational. Government will no longer pick winners and losers through a private evaluation process.
- Grants – instead of royalty credits – to be issued to companies after eligible projects are operational. In the current economic climate, grants are the most effective way to attract investment. Grants allow companies to better account for the full value of the incentive provided when calculating their project’s return on investment.
- Making the funds available throughout the program’s duration once the facilities are in service, in order to align with typical business investment cycles.
Supports for Individuals
Expert panel formed to review affordable housing
An independent Affordable Housing Review Panel will bring a new vision for affordable housing into focus.Seniors and Housing Minister Josephine Pon has appointed 10 experts to an independent panel, led by MLA Mickey Amery, to conduct a review that will provide recommendations to transform affordable housing. Through this review, the panel will identify ways to make the affordable housing system better serve Albertans in need as well as make more efficient use of taxpayer dollars. More information
Community Supports and Resources
Policy Update Following Fiscal Snapshot
Emergency measures introduced to assist Canadians and businesses because of the COVID-19 pandemic have come at a great cost. The total bill, which still is not known, must be monitored closely and transparently moving forward. With diminishing fiscal capacity, the country must begin retooling its economic fundamentals. Canada needs a clear plan to restore private sector growth, starting with a tailored strategy and timetable for safely reopening. We have prepared a 51-point Roadmap to Recovery to help policymakers with the important and challenging work they have ahead. Read more
July 16, 11:00 a.m. ET | Foreign Interference Risks For Canadian Businesses, Briefing With Canadian Security Intelligence Service (CSIS)
Canadian companies need to remain competitive to both sustain our domestic capacity to produce innovative products and to be a leader in global supply chains. However, in a competitive global environment, significant risks exist for Canadian companies as countries with hostile intents seek to undermine Canada’s economic security. Although espionage and foreign interference are not new, the global pandemic has changed the dynamics of the threat environment. The CSIS economic security division will lead the briefing on the foreign interference risks for Canadian companies and ways to mitigate those challenges. There will also be an opportunity for Q&A with participants. Register now
Canada Emergency Wage Subsidy (CEWS) Question & Answer Sessions
The Canada Revenue Agency (CRA) will host interactive question and answer sessions for eligible employers on the Canada Emergency Wage Subsidy (CEWS). These sessions will respond to general questions about the CEWS and provide resources needed to apply. Date: July 15, 2020. Time: 10:00 AM Register here
Neuman Thompson webinar: Understanding the impacts of Bill 32 on your workforce (July 21)
The Alberta Government recently introduced Bill 32, Restoring Balance in Alberta's Workplaces Act. Join Neuman Thompson lawyers Hugh J.D. McPhail, Q.C. and Gabriel Joshee-Arnal as they walk you through some of the most impactful changes and better understand how your workplace might be affected. There is no cost to register and attend, though Neuman Thompson requests that those who are able to make a small donation to the Edmonton Food Bank on the registration page. Register online
July 14: Maintaining Business Continuity Through COVID-19 and Beyond Register here
July 15: Profit from technology: Digital tools to drive efficiency and revenue. Register here.
July 15: CEWS Question and Answer Session Register here
July 15: From Far and Wide: Canada's Accelerated Technology Landscape Register here
July 16: Preparing for the Second Wave: A B20 Event Register here
July 16: #PathToGrowth Register here
July 16: Foreign Interference Risks for Canadian Businesses Register now
July 17: Medicine Hat Systems Transformation Innovation Forum Register here
July 20: How To Support Employees’ Mental Health And Well-Being During COVID-19 And Beyond. Register Now.
July 21: Understanding the Impacts of Bill 32 on your Workforce Register online