Alberta HUB’s competitive advantage lies in its transportation systems, access to markets, large land resources, and cost of doing business:
Transportation/Access to Markets
The Alberta HUB region is one to three hours proximity of the Edmonton region, having the second largest urban centre in Alberta. The major trade corridors include:
1. Highway 16 is a four lane divided highway running East-West, which is part of the Trans-Canada Highway system connecting to the ports of Prince Rupert and Vancouver in the province of British Columbia.
2. Alberta HUB is part of the Eastern Alberta Trade Corridor, with Highways 41 and 36, major North-South corridors leading to the U.S. Ports of Entry, the Wild Horse Pass and Coutts/Sweetgrass.
Eight regional airports are located in the Alberta HUB. Canada’s two national rail carriers service the Alberta HUB region, Canadian National and Canadian Pacific Railway. Both carriers have inter modal yards in Edmonton and Calgary.
Large Land Resources
- The Alberta HUB region encompasses 40,872 kilometres and is approximately 6.4% of the area of the province of Alberta.
- Billions of dollars are being invested in the oil and gas industry in the Alberta HUB region due to the fact the region is located on one of the largest oil and gas reserves in Canada.
- Alberta HUB has a diverse agricultural sector focused on cattle, grain crops, bison and elk – with opportunity to specialize, diversify, and process. The Alberta HUB region accounts for 15% of Alberta’s total production of oats and 12% of canola.
- Alberta HUB communities offer land for industrial, commercial and residential development.
Cost of Business
- Alberta HUB has one of the lowest overall tax systems in Canada.
- No provincial sales tax.
- No capital, payroll, or machinery and equipment taxes.
- Competitive corporate tax rate of 27% (combined federal/provincial) for general business and 12.5% (combined) for small business as of January 1, 2017. Source: Province of Alberta