The Tories will introduce $150 million in tax credits to promote research and development in areas other than oil and gas in Alberta, party leader Ed Stelmach promised on the campaign trail Tuesday.
Stelmach, who was in Calgary campaigning for the March 3 election, said the annual tax credit would help diversify the province's economy, which is heavily dependent on energy resources.
"We'll make sure more of the products — and this is so important to the province of Alberta — more of the products and ideas resulting from Alberta research and development are commercialized right here in the province, not in the United States, not in Europe, or in any other country," he said.
Stelmach also wants to create an enterprise fund that would help attract more venture capital to the province to support entrepreneurs in high technology and alternative energy fields.
When the election was called, the Conservatives had 60 seats in the legislature, the Liberals had 16, the NDP had four and the Wildrose Alliance had one. There was one Independent and one vacant seat.
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Alberta Votes 2008 »
- It's 'Ed's Empire' after Alberta election sweep
- Political observers in Alberta are calling it remarkable and opposition politicians are wondering what hit them after Ed Stelmach guided his Conservative party Monday to one of its biggest majorities ever.
- Low voter turnout in Alberta election being questioned
- As Premier Ed Stelmach and Alberta Conservatives savour their sweeping election victory, some people are raising a nagging concern: why so few people bothered to vote.
- Albertans elect historic 11th straight Tory government
- Voters in Alberta stuck with tried-and-true blue, giving the Progressive Conservative party an unprecedented 11th consecutive majority government in Monday's provincial election.
- Political tide turns in Edmonton
- Alberta Progressive Conservative Leader Ed Stelmach has proven true to his word, putting the "Ed" back in Edmonton.
- Conservatives' Calgary fortress resists change
- The Progressive Conservatives' fortress in Calgary stood strong as the party took 18 of the city's 23 ridings Monday night.
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More Alberta Votes Headlines »
- It's 'Ed's Empire' after Alberta election sweep
- Political observers in Alberta are calling it remarkable and opposition politicians are wondering what hit them after Ed Stelmach guided his Conservative party Monday to one of its biggest majorities ever.
- Low voter turnout in Alberta election being questioned
- As Premier Ed Stelmach and Alberta Conservatives savour their sweeping election victory, some people are raising a nagging concern: why so few people bothered to vote.
- Albertans elect historic 11th straight Tory government
- Voters in Alberta stuck with tried-and-true blue, giving the Progressive Conservative party an unprecedented 11th consecutive majority government in Monday's provincial election.
- Political tide turns in Edmonton
- Alberta Progressive Conservative Leader Ed Stelmach has proven true to his word, putting the "Ed" back in Edmonton.
- Conservatives' Calgary fortress resists change
- The Progressive Conservatives' fortress in Calgary stood strong as the party took 18 of the city's 23 ridings Monday night.
