Advertisement

Trump policies may open door to Alberta business recruitment: minister

Deron Bilous Merck announcement - Government of Alberta
Chirifi Guindo, President of Merck Canada, Christy Holtby, VP University Hospital Foundation and Deron Bilous, Alberta Minister of Economic Development and Trade at BIO 2017. Government of Alberta

Alberta’s economic development and trade minister sees some recruitment opportunities in California, thanks to some visa policies in Donald Trump’s administration.

Deron Bilous has wrapped up the San Diego portion of his trip where agreements were signed with pharmaceutical companies. He has also traveled to San Fransisco to explore opportunities with Silicon Valley tech companies.

Now they’re fielding questions about employee recruitment and staff mobility.

“There is a significant interest in companies here [in the U.S.] at expanding and looking into Canada. We have a really strong competitive advantage over other provinces, other jurisdictions,” Bilous said during a teleconference.
Story continues below advertisement

“Talent is their number one priority and they draw talent from everywhere,” he continued. “They’re interested in what’s going on in Alberta, the number of graduates that we have coming out of our post secondaries.

Breaking news from Canada and around the world sent to your email, as it happens.

One of the deals signed in San Diego is with Merck for a $3.74 million Innovation in Health Fund agreement that will leverage research with the University Hospital Foundation.

“This is the largest fund that we have participated in as far as with international companies. That partnership is also with the University Hospital Foundation.”

Bilous said the oil slump is proof the trade mission they’re on will one day be beneficial to Alberta’s bottom line, because it’s a way Rachel Notley’s government is diversifying the economy.

Oil dropped below $43 Wednesday and he conceded it may force them to re-evaluate their economic forecasts.

“That is something that we will have to revisit depending on how long prices stay lower than what were originally forecast.”

Bilous, along with Mayor Don Iveson, were promoting Edmonton’s Health City initiative at the 2017 BIO International Convention in San Diego.

Sponsored content

AdChoices