“Economic diversification in Alberta is not just a buzzword – it’s a reality. Alberta’s government is focused on ensuring Alberta is the most competitive jurisdiction in North America and we’re seeing the results of those efforts. Alberta’s recently released manufacturing sales indicate our economy continues to diversify and grow, reaching a record high in 2021 with year-over-year growth of 30.8 per cent compared with the previous year.
“This growth in manufacturing has also helped lead to a record year for exports. With an increase of 50.1 per cent in international exports from 2020, the world is getting more high-quality products made right here in Alberta. Alberta has seen major gains in petrochemicals, minerals, equipment and parts in both manufacturing sales and international exports.
“Alberta is a port for manufacturing and logistics with the ability to manufacture and export Alberta goods. With six petrochemical hubs across the province and new innovations in warehouse technology and logistics, we are a bustling continental hub for shipping across North America. Southern Alberta is a new western gateway. Calgary is seeing a surge in commercial warehousing and Edmonton has direct connections to the ports of Vancouver and Prince Rupert. CP’s acquisition of Kansas City Southern will create two direct rail routes to the U.S. Gulf Coast from Edmonton.
“Alberta’s Recovery Plan is working and our economy is diversifying. Alberta’s government is continuing its work to create the best environment for businesses of all sizes in all sectors to have the best possible conditions to be more competitive, attract investment and grow.
“Alberta is coming back. Last year, the manufacturing industry employed more than 122,000 Albertans and 2022 holds more growth in its future.”