Jason Kenney, Alberta’s premier, has a message for Texas firms looking to lure Canadian businesses to the Lone Star State\u2013it’s on.<\/p>\n
<\/p>\n
Jason Kenney said there has been a huge flight of money and jobs from Alberta’s energy sector to Texas in recent years.<\/p>\n
“And that’s exactly why we are offering a better environment for investment than Texas,” he told a news conference in Calgary, where he was recapping recent trips to New York City and Ohio.<\/p>\n
One Houston-area real estate company says it has helped move 40 Canadian companies in the last year and a half, mostly in the oilfield services sector. Arrowstar Realty has already sent 15,000 brochures boasting of tax holidays and a booming local economy to businesses across Western Canada and is planning 50,000 more mailers.<\/p>\n
The economic development association for Lubbock, a west Texas city, has been holding one-on-one meetings with Canadian companies it thinks would be a good fit. It has been offering free land and other perks to some interested firms on a case-by-case basis.<\/p>\n
“They put up billboards here, Kenney said. “They’ve got advertisements. We’ll be doing the same thing.”<\/p>\n
His government’s plans to lower taxes, reduce red tape and ease regulations are making Alberta a more attractive place to invest, Kenney said. The province has also given municipalities the power to offer tax holidays and other incentives to attract business.<\/p>\n
He said he’ll be looking to pitch Alberta to Texas businesses during trips to Houston and Dallas in November.<\/p>\n
“They can save on taxes,” Kenney said. “They can have the most competitive regulatory environment in North America by coming to Alberta.\u00a0So, Texas: it’s on.”<\/p>\n
Texas and Canada have so many business ties that a Canada-Texas Chamber of Commerce started up a couple of years ago.<\/p>\n
In the past, the flow of money and people between the two places was relatively even, said the chamber’s Doug McCullough.<\/p>\n
But lately many more Canadian companies have been moving into Texas than the other way around.<\/p>\n
“The Texas oilpatch is much healthier right now,” said McCullough. “I think it’s just natural that companies are just seeking out the opportunities that are here.”<\/p>\n
But he said Canada has a lot to offer Texas companies looking to expand, such as an ability to attract top global talent with looser immigration laws.<\/p>\n
“There’s definitely a give and take,” he stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
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