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Alberta: Wild Rose Country

r/alberta

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Posted by2 months ago
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Posted by8 hours ago
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Posted by9 hours ago
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Posted by18 hours ago

Rachel Notley's government inherited a recession from the conservatives in Alberta when oil prices were collapsing, but she took a proactive approach to diversifying the province's economy. She recognized the importance of investing in the tech sector and created incentives and subsidies that encouraged growth and innovation.

Under her leadership, the Alberta government created a $1 billion fund to support tech startups and established tax credits for companies that invest in research and development. These incentives created momentum in the tech sector and helped attract investment to the province.

Rachel Notley used the carrot and stick approach to encourage investment in the tech sector. By offering rewards to investors who put money into the sector, she was able to encourage more investment and growth. This approach was successful and helped Alberta's tech sector to thrive.

In contrast, the United Conservative Party (UCP) went with right-wing corporate tax cuts, which did not attract investors to the tech sector. It was only after the tech sector began to complain and push for subsidies that the UCP did a U-turn and copied Rachel Notley's strategy of carrot and stick. Now, they want to take credit for the momentum that was created under Notley's government.

It is important to note that without the UCP's short-term cuts, Alberta could have attracted even more investment. However, it is good to see that the momentum created by Rachel Notley's government was not completely killed off by the UCP's actions. Instead, there was a slowdown until the UCP assured investors that they would offer subsidies to attract investment.

Technology companies have been clear that corporate tax cuts do not attract investors, but subsidies do. The success of Alberta's tech sector under Rachel Notley's government is proof of this. The UCP's U-turn and adoption of her strategy only further reinforces this fact. Therefore, credit should be given to Rachel Notley for starting the diversification of Alberta's economy, and for creating the incentives and subsidies that encouraged growth in the tech sector.

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