In today’s rapidly evolving global economy, the significance of government policy cannot be overstated. As Saskatchewan residents approach the upcoming provincial election, it is crucial we call upon our political leaders to act on the material opportunities facing the province through strategic efforts.
The Saskatchewan Chamber of Commerce believes good ideas cross political party lines and are supported by a broad swath of the public. Recently, the Saskatchewan Chamber of Commerce released its policy guide for the 2024 Provincial Election. Fueling Momentum 2024 lays out a plan to enhance the business environment for all industries, including potash development, while also securing future prosperity for its workforce.
“This is a pivotal time for the province. We are positioned to become a critically important partner in addressing global food insecurity and energy transition. Over the coming four years, the Saskatchewan government needs to continue to capitalize on the province’s vast potential to fuel growth and new investment,” explained Prabha Ramaswamy, CEO of the Saskatchewan Chamber of Commerce.
Fueling Momentum 2024 is built on five strategic pillars designed to propel Saskatchewan’s economy forward. While not a comprehensive list, here’s how some elements of these pillars will benefit the potash sector:
Competitive Taxes and Affordable Living
Reducing the provincial sales tax from six per cent to five per cent will lower the overall cost of living and business operations. This reduction means more disposable income for workers and reduced operational costs for potash companies, fostering a more robust economy.
Leveraging our Strengths: Food, Fuel, Fertilizer, and Critical Minerals
Ensuring stable regulatory and royalty regimes will provide the certainty needed for long-term investments in the potash sector. By focusing on the growth of the Food, Fuel, Fertilizer, and Critical Mineral sectors, such as through diversifying markets, the Chamber’s platform ensures that Saskatchewan remains at the forefront of these supply chains, stabilizing operations and employment.
Attracting and Growing Investment
Enhancing the local vendor supply chain while supporting the development of our Saskatchewan businesses through the implementation of a small business incentive based on local employees will open new opportunities and build resiliency in our community.
Investing in a Better Tomorrow: Energy Transformation
Supporting energy-efficient technologies and alternative energy sources not only helps reduce the environmental impact but also positions Saskatchewan as a leader in green mining practices. This shift can attract environmentally conscious investors and customers, further bolstering the industry’s growth.
Investing in What Matters
Investing in infrastructure, education, and community development is crucial for the long-term success of the potash sector. Fueling Momentum 2024 emphasizes these investments, which can enhance the quality of life for workers and their families while providing the necessary skills and infrastructure to support industry growth.
In total, the chamber recommends 26 policy actions for the next Government of Saskatchewan to ensure the success of our most critical industries. The Fueling Momentum 2024 platform is not just a list of wants; it is a roadmap to a more prosperous and sustainable future for Saskatchewan’s potash industry.
By advocating for these policies, you can help ensure a stable and thriving environment for your industry. Whether you’re talking to the candidates in your riding or sharing all or parts of this platform with your contacts, we believe better engagement makes better policy and a better province.
