TESTING 2020 Economic Resilience – Episode #4

The economic downturn is global. Economic resilience is being tested. What are the roles for government and the effectiveness of the Innovation Ecosystem in supporting small business – core to  developing the Province’s economic resilience?

Governments worldwide are struggling to contain the social and economic impact of Covid-19.  Economic recovery will hinge on the resilience of your economy – the capacity to bounce back from shocks such as Covid-19 and others identified in our MEGATRENDS Report. What is the prospect for a rapid recovery? Alberta is a case in point.  Our October sentiment survey’s findings are being released in 5 episodes.

In this issue we are presenting Episode #4, highlighting your view of the most appropriate roles for government in economic development and an assessment of the effectiveness of Alberta’s Innovation Ecosystem in supporting the survival, growth, and retention of small businesses. Episode #5 next week concludes the Program with Summary Recommendations drawn from your survey responses.

• Episode #1. OVERALL. Objectives of the Program and the Overall status of Alberta’s economic resilience and the factors influencing your sentiment
• Episode #2. LOCATION. How Alberta’s economic resilience differs by Regions: Edmonton, Calgary and Other including Northern, Central and Southern….and how it has changed over the last few years
• Episode #3. SECTOR. How Alberta’s economic resilience differs for each of Alberta’s economic sectors: Public Services, Professional Services, and Industries

The Alberta Government’s plan for Recovery released June 2020 HERE

The Alberta Government’s recovery plan addresses “…the triple threat of the largest public health crisis in a century, the biggest global economic contraction since the 1930s, and an unprecedented collapse in energy prices.” The Plan includes what the Alberta Government proposes for “…building, diversifying, and most importantly creating jobs.”