EDMONTON, ALBERTA--(Marketwired - April 28, 2014) - Today, Canadian Manufacturers & Exporters (CME) released a manufacturing action plan for Alberta titled Manufacturing Alberta's Future: Driving Investment, Growing Exports and Creating Jobs. Its goal is to double Alberta's manufacturing output by 2020.
"CME understands how vital manufacturing is to Alberta's economy," said CME's Vice President National Policy & Alberta Mathew Wilson. "Manufacturing generates nearly $75 billion in annual sales accounting for 8.5 per cent of provincial GDP and 25 per cent of all provincial exports. The numbers speak for themselves."
In 2013, CME, along with its strategic business partners and a coalition of associations, surveyed and held various roundtable discussions with the aim of understanding manufacturers and their priorities for success going forward. The outcome of these initiatives is the foundation for Manufacturing Alberta's Future.
The program's priorities are:
- Enhancing the image of manufacturing
- Supporting diversity, investment and innovation
- Increasing the quality and quantity of the labour pool
- Creating a globally competitive business environment
- Expanding value-added exports
"Without a concrete plan, manufacturers will continue to struggle under the burden of labour shortages and costs, over-burdensome regulations, high energy prices and an uneven playing field with global competitors," said Wilson acknowledging that despite Alberta manufacturers being among the most competitive and innovative companies anywhere, the global market demands co-operation.
With all sectors following the same objectives, CME is confident the Manufacturing Alberta's Future action plan is both realistic and achievable. This roadmap will allow Alberta's manufacturers to move forward, invest in the future and continue to be both leaders in innovation and be highly competitive.
To download a copy of the plan visit: http://tinyurl.com/CMEMAFActionPlan.