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Economic development

Alberta Government Invests in Trade Accelerator Program to Boost Businesses

Strategic Insights

— 1 min read

The Alberta government is investing $2.8 million in the Trade Accelerator Program (TAP) to support small- and medium-sized businesses in the province. Since its creation in 2017, TAP has helped more than 550 companies in Alberta access knowledge, mentorship, and resources to grow their businesses and reach international markets. The program is administered by Calgary Economic Development and has a strong track record of helping companies like naturemary, Rok Water, Knead Technologies, and Zeno Renewables grow and succeed in global markets.

Key Takeaways:

  • The Alberta government is investing $2.8 million in the Trade Accelerator Program (TAP) to support small- and medium-sized businesses in the province.
  • TAP has helped more than 550 companies in Alberta since its creation in 2017, with a focus on providing knowledge, mentorship, and resources to help businesses grow and reach international markets.
  • The program is administered by Calgary Economic Development and has a strong track record of helping companies grow and succeed in global markets.
  • A new program called "Levelling Up" will be launched in 2026, which will include additional sector- and market-specific trade programming to support businesses in their complex global market expansion needs.
  • The program is designed for companies that have participated in TAP, with targeted trade support for entering more complex markets.
  • Companies like naturemary, Rok Water, Knead Technologies, and Zeno Renewables have benefited from TAP, growing their businesses and receiving recognition in markets around the world.
  • The Alberta government remains focused on building a resilient and diversified economy that is better positioned to withstand external shocks and ensure long-term prosperity.

Statistics:

  • Over 550 companies in Alberta have received support through TAP since its creation in 2017.
  • The program is investing $650,000 per year in Calgary Economic Development to support the continued operation of TAP.
  • The program is expected to help up to 650 more companies in Alberta through the $2.8 million investment.
  • The new program "Levelling Up" will include a Global Trade Classroom Series and online resources to support companies in their complex global market expansion needs.
  • The program will be launched in 2026 and will target companies that have participated in TAP.

Sources:

  • "Byline: Calgary Herald"
  • "Trade Accelerator Program, Alberta Government"
  • "Calgary Economic Development, Government of Alberta mission calendar"
  • "MIL OSI Canada News"

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