HONG KONG SAR – Media OutReach Newswire – February 27, 2024 –
Invest Alberta Company (Invest Alberta) introduces its investment attraction program for investors and businesses in Hong Kong and mainland China. With a focus on agriculture and food processing, energy, petrochemicals and technological innovations such as clean technology, the program provides tailored investment and business support to help businesses grow across the North American market via Alberta, Canada.
As a government agency of the Canadian province of Alberta, Invest Alberta’s mandate is to attract high-value, high-impact investments to Alberta. With a strong entrepreneurial culture and experienced teams strategically positioned around the world, including Greater China, Invest Alberta breaks down barriers and provides tailored assistance to enable global investors to achieve their business objectives effectively and efficiently . The agency is also dedicated to leveraging the immense potential of Alberta’s diverse workforce, strong infrastructure and open access to North American and international markets. Since its inception in 2020, the agency has played an instrumental role in facilitating the global expansion of foreign companies, securing more than CAD 20 billion in investments and generating more than 27,000 jobs.
Alberta has much to offer with its dynamic business landscape coupled with the province’s abundant natural resources. As the energy capital of Canada, Alberta is also home to the largest petrochemical manufacturing hub in Canada. Alberta’s industrial heartland has 40 industrial sites, 7,000 employees and has attracted more than CAD 40 billion in investment. Recognizing the unique needs of Hong Kong and Mainland Chinese businesses going global, Invest Alberta and its team on the ground in Greater China can provide comprehensive support throughout the investment and expansion process in Alberta.
Rick Christiaanse, CEO of Invest Alberta Corporation: “For investors, entrepreneurs and companies from Greater China looking to expand their businesses in North America, Alberta should be a preferred destination given the dynamic opportunities it presents. Whether establishing new partnership initiatives, office or R&D facilities, access to land or factory space, Invest Alberta can provide the support needed to foster new opportunities. Known for its vast natural resources and expertise in sustainable development, Alberta offers a robust ecosystem for industries, including agriculture and food processing, energy and petrochemicals. and technological innovations.
Despite COVID-related challenges, I have visited the Greater China region four times in two years – a testament to our commitment to fueling the ambitions of growing businesses in this region. I look forward to continuing my regular visits to the Greater China region and working closely with our local team. We hope to demonstrate our commitment to accelerating business development in the region and are now calling on investors and businesses in these sectors to take advantage of what Alberta has to offer.
Gateway to innovation and growth in North America
Alberta, known as the most business-friendly province in Canada, has a series of advantages that make it an attractive investment destination for companies from around the world. These include a low corporate income tax rate and no provincial sales tax, payroll taxes and health insurance premiums. Such factors contribute to an exceptional business climate, maximizing profitability and attracting investors from around the world.
The province’s pool of young talents further strengthens its attractiveness. With the highest average annual population growth rate in Canada, Alberta ensures a constant influx of talent and diversity. It has the most post-secondary educated workforce in Canada, equipped with the skills needed to drive innovation and business growth. Notably, Calgary, Alberta’s largest city, has the highest concentration of STEM graduates of any Canadian city, underscoring the province’s commitment to nurturing talent in the fields of science, technology , engineering and mathematics.
In particular, Alberta’s position as a global energy leader, supported by a strong talent pool, robust infrastructure and global connectivity, positions it as an ideal destination to facilitate the energy transition and achieve the goals of carbon neutrality. Notably, Alberta’s expertise in renewable energy, coupled with its innovative decarbonization technologies, presents an opportunity to deliver low-carbon fuels such as hydrogen to international markets. With its leading technical capabilities, Alberta is at the forefront of renewable energy development – particularly wind and solar power – and is well equipped to contribute to the global transition to sustainable energy solutions.
Tailored programs and incentives for businesses setting up in Alberta
Invest Alberta has tailored programs for overseas business expansion efforts – from in-depth market advice and insights that provide valuable insight into Alberta’s business landscape and cultural nuances for a informed decision-making, to facilitating connections with Alberta’s highly skilled workforce that guarantees access to the best Talent. Through its extensive network, Invest Alberta fosters strategic industry networking, creating opportunities for collaboration.
Additionally, Invest Alberta offers a variety of programs and incentives designed to maximize growth potential and improve competitiveness. The company also provides dedicated services throughout the site selection process, leveraging its understanding of the requirements of Hong Kong and mainland Chinese investors to identify ideal locations for their Alberta operations.
Alberta, an ideal North American outpost for Greater China businesses
Since its launch in 2020, Invest Alberta – with teams based in mainland China and Hong Kong – has actively supported business expansion efforts. As they grow and showcase their solutions on the global stage, they leverage their offices in Alberta to serve as their North American headquarters.
Success stories such as those of Hong Kong’s Saltagen Ventures and Chinese processed food manufacturer Siwin Foods illustrate how Alberta’s business-friendly environment, rich talent pool and thriving industries help businesses thrive. develop on a global scale.
Saltagen Ventures, with the facilitation of Invest Alberta, has invested in two Alberta-based DeepTech companies with high growth potential, recognizing the rapid growth of bioscience and sustainable technologies globally. The venture capital fund company also identified Alberta as a region with a vibrant research, development and innovation community.
Siwin Foods has made significant investments in Alberta and expanded rapidly with the support of a CAD 2.8 million government grant. Invest Alberta has worked alongside the company and the province to support its scaling efforts, in which Siwin Foods plans to triple its production volume by 2024. The expanded footprint allows Siwin Foods to expand its global reach, creating additional jobs and economic activity in the region. .
With Alberta’s abundant natural resources, diverse, business-friendly environment and relatively low tax rates, Invest Alberta strives to drive innovation and facilitate more global successes with Alberta companies. Greater China region.
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