Some positive signs

Economic diversification is manifested in different ways. In the Alberta section of The Globe and Mail this past week-end was an article by Viv Vors which might provide some optimism for Alberta’s economic future.

Local baking business on the rise despite tough economy27-8-16 GM

The story recounts a young woman entrepreneur building a business from an upscale bakery to a cafe, to retailing high end baking provisions  and equipment to a baking school. The business caters to those seeking an expensive treat and does compete with other artisan bakeries in the city. From an economic development perspective, a key goal will be the evolution of such small businesses to exporters of goods and services beyond the borders of Alberta. Ultimately economies trade goods and services and Alberta’s large export surpluses, derived from the sale of oil and natural gas, are going to be a thing of the past. Businesses such as Gravity Pope and Poppy Barley, run also by enterprising young women, built on style, quality, design and more socially responsible business models, may represent a positive economic future for Alberta.


This entry was posted in Society on by .

About albertarecessionwatch

Former Director, Institute for Public Economics, University of Alberta and currently Fellow of the Institute. Former executive with Alberta Treasury Branches. Worked for the Alberta government for 12 years with Federal and Intergovernmental Affairs and Alberta Treasury. Areas of focus: financial institutions legislation and policy, government borrowing, and relations with credit rating agencies. Ph.D in Political Science (Uof A), Masters of Public Administration and BComm. (Carleton University). Author of Politics and Public Debt: The Dominion, the Banks and Alberta's Social Credit. Presently working on study of Alberta provincial agency board appointments.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s