Alberta will spend billions on infrastructure projects, cut its corporate tax rate, establish a new investment agency and introduce a series of targeted incentives for industry as part of a plan to restart its battered economy. He said the government anticipates the creation of 50,000 jobs directly tied to the projects across the province. Kenney said the plan calls for an increase of 40 per cent over planned infrastructure spending announced in its spring budget and said it represents the "largest infrastructure build in Alberta history." In addition, a new agency, Investment Alberta, will set up international offices and pitch Alberta to potential investors. The case in CalgaryCalgary, where Kenney will make the announcement today, has been particularly hard hit over the past few years by an oil price downturn that refuses to rebound.

Source: CBC News June 29, 2020 14:49 UTC