ST. JOHN'S, NL, Sept. 19, 2011 /CNW/ - Elyse Allan, President and Chief
Executive Officer of GE Canada, today released the findings of its
"Shaping Economic Growth in Canada's Remote Communities" initiative,
launched in January 2011.
Responses from over 500 business stakeholders who participated in 11
cross-country roundtables and an online survey point to the fact that
Canada is at a "tipping point" with respect to the development of its
resources, largely located in remote communities, and how they will
shape the Canadian economy. The report found that 93 percent of
respondents believe that remote communities will play an important role
in the future of Canada's economy.
"Canada's remote communities can pack a powerful economic punch. There
is great optimism. Business investment combined with progressive public
policy will unleash significant opportunities for remote communities
and for Canada as a nation." said Elyse Allan.
GE's initiative formed the basis of the Canadian Chamber of Commerce
report: The Business Case for Investing in Canada's Remote Communities, released earlier today.
"Our collective economic wellbeing and our international competitiveness
could well depend upon the public policies adopted today that leverage
the economic possibilities of many of these communities and their
potential to contribute to our nation's wealth", stated Perrin Beatty,
President and Chief Executive Officer of the Canadian Chamber of
Stakeholder and roundtable participant, Rick Karp, President of the
Whitehorse Chamber of Commerce stated, "We have seen tremendous growth
in the Yukon over the past five years, often as a result of strategic
partnerships and collaborations. GE's findings support our optimism
about the future and will help drive forward a more business centered
approach to our economy."
The prevailing sentiment based on the report's research is that Canada
has the products the world wants, has great experience as global
traders, and has a future that is bright - provided we make the right
investments in order to nurture our advantage. Now is the time to drive
forward a vision for growth in full partnership with Canada's remote
In the coming months, GE will continue its work with remote communities
and with stakeholders and encourages you to read Remote. Resource Rich. And Ready a summary document based on their findings from this initiative. To
join the dialogue and view the reports, please visit www.remotecommunities.ca. The Canadian Chamber of Commerce Report can be found at www.chamber.ca.
SOURCE General Electric Canada Inc.
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