Alberta Central released a report that the Alberta Advantage is “melting away” under the UCP due to wages not keeping pace with inflation and Albertans losing the most purchasing power in the country since 2019.

Capital investment has stalled and Albertans fall further behind as wage growth fails to keep pace with inflation.

The Business Council of Alberta recently found that capital investment in the province is not at the level of energy sector investment that would typically come during high oil prices and that business investment and startup activity is not at levels needed to drive longer-term growth.

We are at a pivotal moment. Our economy is changing and we must be ready. The decisions we make today will have long-lasting implications for future generations.

Rachel Notley and the Alberta NDP have a plan to attract $20 billion in private-sector capital investment and create 47,000 good-paying jobs.

We will restore our competitiveness, attract investment, build a resilient economy and create good-paying jobs, now, and for future generations.

Our plan focuses on the creation of a new tax credit — the Alberta’s Future Tax Credit — to spur investment in cleantech, carbon materials, critical minerals processing, and advanced manufacturing.

We want to expand the Alberta Petrochemical Incentive Program (APIP) to include eligible feedstocks and final products, and to bring partial upgrading back into the program after the UCP removed it.

Our energy sector has provided good jobs and prosperity for our province for generations, but we aren’t seeing the benefits of oil price booms of the past. Investment has flatlined and wages have stagnated. We need to keep looking ahead to the future and continue moving our economy forward, while building on our strengths.

We need to take the next step forward. We need bold and innovative ideas that create those good-paying industrial jobs. Today is about jobs for the future, jobs that pay the bills.

Rachel Notley has also committed to creating a regulatory fast pass — similar to a Nexus for businesses with good records — to get well-developed projects built sooner, and we will make sure workers have access to high-quality skills and safety training for industrial jobs.

Alberta is uniquely positioned to be a leader in the future economy.

We are blessed with abundant natural resources, a highly-skilled workforce, and an entrepreneurial spirit.

Our province's best resource is not what is under the ground, its the people walking on top of it.

With the right policies in place, we can address the challenges of today and set us down the path to prosperity.