Alberta continues to be the best place to do business with the lowest corporate taxes, reduced red tape, and a government focused on job growth through private investment. Polykar, a Montreal-based plastics manufacturing business, has operated in Edmonton since 2022. Thanks to Alberta’s investment-friendly environment, Polykar is expanding its operations with a $20-million investment, bringing more jobs to Alberta. This 50,000-square foot expansion will boost production, launch a new product line to use more recycled content and create around 25 permanent and 63 temporary jobs.
Polykar is receiving $770,000 through the Investment and Growth Fund, a deal-closing incentive program that helps attract major private investments to the province. By choosing Alberta, Polykar is reinforcing the province as an economic powerhouse and the best place to do business.
“Alberta’s government continues to attract job-creating investment through strategic support from the Investment and Growth Fund along with our business-friendly policies, commitment to cut red tape and low tax regime. The fact is, Alberta remains the best place to do business and we prove that again and again with new investments like the one with Polykar.”
Polykar, which was founded in Montreal in 1987, produces polyethylene film, garbage bags, certified compostable bags and food and industrial packaging. This expansion will allow the company to double its production capacity in Edmonton.
“Since opening our Edmonton facility, Polykar has experienced steady growth, and less than three years later we’re ready to expand again. We’re also grateful to partners like the City of Edmonton, Edmonton Global, and the Alberta Government, whose unwavering collaboration, support and guidance have been invaluable in helping us connect and grow in the city.”
Polykar expanded its Montreal operation to Edmonton in 2022 with an initial investment of approximately $40 million, creating 50 jobs. With facilities in both Montreal and Edmonton, Polykar has built a strategic presence in both eastern and western Canada, enabling the company to serve different regions more effectively.
"Polykar's $20-million expansion is a major vote of confidence in our local economy. I was honoured to attend their facility opening back in December 2022, and their rapid success, with their creation of an additional 25 more jobs, proves that Edmonton is a city where sustainable manufacturing can thrive. We look forward to their continued growth and innovation."
“Edmonton Global is proud to see companies like Polykar deepen their roots in our region. Their continued commitment to community engagement — through partnerships with our post-secondary institutions and contributions to local initiatives — shows how investment attraction strengthens not just our economy, but our communities.”
The Investment and Growth Fund has been providing an extra incentive to close deals across Alberta since 2021. Budget 2025 dedicates $15 million for the Investment and Growth Fund to secure private-sector investments. Minister Schow’s recent mandate letter directed him to work with Treasury Board and Finance to increase the annual budget to $50 million per year.
Quick facts
- In 2024, Alberta’s plastics and rubber manufacturing sector:
- Contributed $676.7 million to Alberta’s gross domestic product;
- Employed over 6,300 people;
- Exported $611.8 million worth of goods internationally; and
- Saw $96.1 million in capital investment.
- The Investment and Growth Fund (IGF) is a deal-closing incentive designed to be offered in select, high-impact private investment decisions.
- Since fall 2021, 16 grants have been announced to support over 1,375 permanent full-time jobs and over 1,650 temporary jobs, with total capital investment of more than $1 billion.
- To date, the Investment and Growth Fund has leveraged approximately $29 in private investment for every $1 in IGF funding.