Prairies Economic Development Canada’s 2024–2025 Departmental Plan at a glance

Key priorities

• Building a Green Prairie Economy – PrairiesCan with nine other federal departments will implement five important areas outlined in the Framework to Build a Green Prairie Economy. These five areas, as identified in consultations with stakeholders, are:
  • Growing key regional sectors, including natural resources, agriculture, and manufacturing.
  • Effective movement of goods, people, and information.
  • Expanding and capitalizing on clean electricity.
  • Community economic development.
  • Indigenous economic reconciliation and inclusive growth.

To learn more about the framework, next steps, and areas of focus, please see the PrairiesCan Building a Green Prairie Economy webpage.

• New Value and Competitiveness – accelerating economic growth through new sources of value and innovation in traditional sectors. Some examples include:
  • Strengthening local economies (urban and rural) and existing assets, such as downtowns. Revitalizing and improving existing assets, like downtowns, can be very helpful to local economies and the communities they serve.
  • Helping businesses and communities seize new opportunities for our resource sectors while reducing environmental impacts.
  • Working with innovative businesses to expand and adopt new technologies. Bring new products and services to market and create jobs in emerging sectors.

• Inclusivity – fostering a more equitable and inclusive economy.
  • Supporting the economic participation of underrepresented groups such as Indigenous Peoples, black Canadians, women, and youth.
  • Seeking collaborative opportunities to advance Indigenous economic development.

Refocusing government spending

In Budget 2023, the government committed to reducing spending by $14.1 billion over the next five years, starting in 2023–24, and by $4.1 billion annually after that.

As part of meeting this commitment, Prairies Economic Development Canada is planning the following spending reductions.

• 2024-2025: $904,000
• 2025-2026: $904,000
• 2026-2027 and after: $904,000

Prairies Economic Development Canada will achieve these reductions by doing the following:

• Travel and Professional Service savings, and
• Contributions repayment recycling mechanism reduction.

The figures in this departmental plan reflect these reductions.

Highlights

A Departmental Results Framework consists of an organization’s core responsibilities, the results it plans to achieve, and the performance indicators that measure progress toward these results.