The Invest Alberta Corporation (IAC), created under the Alberta Investment Attraction Act, comes into effect on July 31.
“I'm pleased to welcome the Invest Alberta Corporation's newly appointed board of directors. They are a highly qualified, diverse group of Albertans who bring impressive credentials. Their perspectives and expertise will help the agency bring in job-creating investment from around the world.”
Appointed to the board of directors for a three-year term are:
- R. Scott Hutcheson, chair - executive chair, Aspen Properties
- A. Anne McLellan, vice-chair - former deputy prime minister
- Bob Dhillon - president and CEO, Mainstreet Equity Corporation
- Dr. T. Chen Fong - professor emeritus, Faculty of Medicine, University of Calgary
- Ashif Mawji - venture partner, Rising Tide, a San Francisco Bay Area venture capital firm
- Janet Riopel - president and CEO, Edmonton Chamber of Commerce
- Adam Waterous - managing director and CEO, Waterous Energy Fund
“It is a great privilege and honour for me to be appointed as board chair of the lnvest Alberta Corporation. I believe in the importance of strategically and proactively driving investment into key sectors across the province as we navigate the realities of this new global economy. I am excited to lead this work along with this talented group of board members who will bring their depth of experience to guide the organization.”
“As Alberta looks ahead, we must seek out new opportunities that build on our economic strengths and position our province for prosperity. Alberta is a resilient jurisdiction and through the activities of the newly created Invest Alberta Corporation, we can chart a path to support a strong economic recovery. I am pleased to take on the role as board vice-chair and I look forward to working with my board colleagues as we lead the organization forward.”
The IAC’s mandate is to attract high-impact, job-creating investment to Alberta and promote the province as a preferred investment destination to national and international investors.
Alberta’s Recovery Plan is a bold, ambitious long-term strategy to build, diversify, and create tens of thousands of jobs now. By building schools, roads and other core infrastructure, we are benefitting our communities. By diversifying our economy and attracting investment with Canada’s most competitive tax environment, we are putting Alberta on a path for a generation of growth. Alberta came together to save lives by flattening the curve and now we must do the same to save livelihoods, grow and thrive.
- The Alberta Investment Attraction Act enables the creation of the IAC as an arms-length corporation.
- The IAC will coordinate the work of Alberta’s 11 trade promotion offices, with a renewed focus of attracting foreign direct investment in Alberta.
- The IAC board will determine the Crown corporation's strategic direction and will be responsible for the selection, appointment, performance and evaluation of the IAC's CEO.
- The board will hold its inaugural meeting in August.