Red Deer Chamber welcomes Alberta's Recovery Plan
On the morning of June 29th the Government of Alberta released Alberta’s Recovery Plan with the focus of creating jobs, diversifying the economy and building infrastructure.
Included in the plan are measures to accelerate the Job Creation Tax cut that will see the corporate tax rate reduced to 8% on July 1, 2020, along with several measures to diversify the economy and increase employment. Chamber CEO Rick More commented on the plan.
“It is very gratifying that the Provincial government has listened to the concerns of small business. Through the combined surveys of Red Deer & District Chamber of Commerce and the Alberta Chamber of Commerce, the accumulated data weighed heavily on a reduction of the business tax. To accelerate this initiative by 18 months to 8% shows the support needed especially after these last four months of COVID-19. Alberta will be THE place for investors to turn their attention towards.”
The Central Alberta economy was already weak going into the pandemic and was hurt further by the OPEC-Russia price war. These measures will go a long way to restoring investor confidence in our region and providing a broad-based competitive tax structure that facilitates growth and investment.
The Red Deer & District Chamber of Commerce is a non-partisan, collaborative leader in building a vibrant community and fosters an environment where businesses can lead, be innovative, sustainable, and grow.