The Mean s of Prod­uct ion

Alberta Venture - - The Briefing -

> Driven by the likes of PCL Con­struc­tion, WestJet and Clark Builders, Al­berta is rife with com­pa­nies built on em­ployee share own­er­ship plans (ESOPs). While there is no cen­tral reg­istry of ESOPs in the coun­try, Perry Phillips, pres­i­dent of Toronto-based ESOP Builders, says his com­pany con­sults heav­ily with small- and medium-sized busi­nesses in this prov­ince. “Be­fore oil tanked, one-third of our work was com­ing from Al­berta,” he says. “It was a very ac­tive com­mu­nity.” He notes that Al­berta’s por­tion of ESOPs is par­tic­u­larly note­wor­thy be­cause the prov­ince doesn’t have any of the tax-credit leg­is­la­tion that helps em­ploy­ees in B.C., Saskatchewan and Man­i­toba buy shares in their com­pa­nies. “Al­berta is com­ing at it for the true rea­son,” Phillips says, “which is to cre­ate a big­ger pie for ev­ery­body.”

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.