Business
Aspiring entrepreneurs invited to be part of upcoming Red Deer College events
Red Deer, December 4, 2018 – This winter, Red Deer College will be hosting two opportunities that will help to educate and encourage future small business owners. The Business Basics for the Aspiring Entrepreneur Seminar along with Breakthrough Your Business, a Dragon’s Den-style competition, will help people learn how to develop and then pitch their business ideas.
“Central Alberta is filled with people who have innovative ideas and entrepreneurial spirits,” says Darcy Mykytyshyn, Dean of RDC’s Donald School of Business. “The two events we’re offering provide unique opportunities to introduce people to foundational business knowledge and skills that will help them transform their ideas into actionable business plans.”
Business Basics for the Aspiring Entrepreneur is a one-day seminar that is open to anyone, including RDC alumni living in Alberta. The free event will provide information for people interested in starting and operating a small business. Topics will include legal structure and risk management, financing, accounting, sales and marketing, entrepreneurism, tips for success, key steps, and lessons learned.
For those looking to elevate their business ideas to the next level, the Breakthrough Your Business competition will provide an opportunity to create a proposal and business plan, which they will then present to a panel of judges. The first and second place winners will be awarded ,000 and ,000, respectively, to help them start their small businesses. Each winner will also receive a 0 tuition voucher for RDC’s School of Continuing Education.
Local philanthropists, Joan and Jack Donald, have sponsored this event since it was first created, dedicating their time through mentorship and donating a total of ,000 in prize money over the years. As business owners, they understand the challenges that can come from starting a new business. They believe the learning and opportunities from Breakthrough Your Business will help support local entrepreneurs to make timely, sound decisions as they pursue their business goals.
“There are many good opportunities lost and precious time wasted for lack of a timely decision,” says Jack Donald. “Both Joan and I have always followed this rule: marshal the facts, make a decision and move on. As long as you make more ‘good’ decisions than ‘poor’ ones you will prosper. This Breakthrough Your Business event is a great opportunity.”
To help this year’s participants prepare for the event, competitors will have the opportunity to partner with students to develop the business proposals.
“This is a great example of collaboration and learning, with students from the Donald School of Business working with local people to help them develop viable business plans,” says Mykytyshyn. “It’s a practical learning opportunity that has benefits for everyone involved.”
Anyone competing in Breakthrough Your Business must participate in the Business Basics Seminar, either this year or in the past years, as the learning from this seminar will help to position them for success in the competition and in their future businesses.
People interested in participating in Business Basics for the Aspiring Entrepreneur Seminar and Breakthrough Your Business are encouraged to be aware of the upcoming dates and deadlines for the events:
January 18, 2019 – January 26, 2019 – February 15, 2019 – February 22, 2019 – March 9, 2019
Expression of Interest registration deadline for Breakthrough Your Business Business Basics Seminar (required for Breakthrough Your Business) Submission deadline for Breakthrough Your Business
Final five contestants notified for Breakthrough Your Business Breakthrough Your Business
For further details, contact [email protected].
About RDC: For 55 years, RDC has been proudly serving its learners and communities. The College continues to grow programs, facilities and opportunities as it transitions to become a comprehensive regional teaching university during the next three to five years. This year, RDC will add seven new programs to more than 100 established programs (including full degrees, certificates, diplomas and skilled trades programs). RDC educates 7,500 full-and part-time credit students and more than 38,000 youth and adult learners in the School of Continuing Education each year. The College is expanding its teaching, learning, athletic and living spaces with the additions of the state-of-the-art Gary W. Harris Canada Games Centre/Centre des Jeux du Canada Gary W. Harris, Alternative Energy Lab and construction of a new Residence which all enhance RDC’s Alternative Energy Initiative. Main campus is strategically situated on 290 acres of Alberta’s natural landscape along Queen Elizabeth II Highway. RDC is also proud to serve its Donald School of Business students housed at a downtown campus, located in the Millennium Centre, in addition to housing teaching and learning space at the Welikoklad Event Centre.
For more information on RDC, please visit: rdc.ab.ca| twitter | facebook | instagram
Business
Debunking the myth of the ‘new economy’
From Resource Works
Where the money comes from isn’t hard to see – if you look at the facts
In British Columbia, the economy is sometimes discussed through the lens of a “new economy” focused on urbanization, high-tech innovation, and creative industries. However, this perspective frequently overlooks the foundational role that the province’s natural resource industries play in generating the income that fuels public services, infrastructure, and daily life.
The Economic Reality
British Columbia’s economy is highly urbanized, with 85% of the population living in urban areas as of the 2021 Census, concentrated primarily in the Lower Mainland and the Capital Regional District.
These metropolitan regions contribute significantly to economic activity, particularly in population-serving sectors like retail, healthcare, and education. However, much of the province’s income—what we call the “first dollar”—originates in the non-metropolitan resource regions.
Natural resources remain the backbone of British Columbia’s economy. Industries such as forestry, mining, energy, and agriculture generate export revenue that flows into the provincial economy, supporting urban and rural communities alike. These sectors are not only vital for direct employment but also underpin metropolitan economic activities through the export income they generate.
They also pay taxes, fees, royalties, and more to governments, thus supporting public services and programs.
Exports: The Tap Filling the Economic Bathtub
The analogy of a bathtub aptly describes the provincial economy:
- Exports are the water entering the tub, representing income from goods and services sold outside the province.
- Imports are the water draining out, as money leaves the province to purchase external goods and services.
- The population-serving sector circulates water within the tub, but it depends entirely on the level of water maintained by exports.
In British Columbia, international exports have historically played a critical role. In 2022, the province exported $56 billion worth of goods internationally, led by forestry products, energy, and minerals. While metropolitan areas may handle the logistics and administration of these exports, the resources themselves—and the wealth they generate—are predominantly extracted and processed in rural and resource-rich regions.
Metropolitan Contributions and Limitations
Although metropolitan regions like Vancouver and Victoria are often seen as economic powerhouses, they are not self-sustaining engines of growth. These cities rely heavily on income generated by resource exports, which enable the public services and infrastructure that support urban living. Without the wealth generated in resource regions, the urban economy would struggle to maintain its standard of living.
For instance, while tech and creative industries are growing in prominence, they remain a smaller fraction of the provincial economy compared to traditional resource industries. The resource sectors accounted for nearly 9% of provincial GDP in 2022, while the tech sector contributed approximately 7%.
Moreover, resource exports are critical for maintaining a positive trade balance, ensuring that the “economic bathtub” remains full.
A Call for Balanced Economic Policy
Policymakers and urban leaders must recognize the disproportionate contribution of British Columbia’s resource regions to the provincial economy. While urban areas drive innovation and service-based activities, these rely on the income generated by resource exports. Efforts to increase taxation or regulatory burdens on resource industries risk undermining the very foundation of provincial prosperity.
Furthermore, metropolitan regions should actively support resource-based industries through partnerships, infrastructure development, and advocacy. A balanced economic strategy—rooted in both urban and resource region contributions—is essential to ensure long-term sustainability and equitable growth across British Columbia.
At least B.C. Premier David Eby has begun to promise that “a new responsible, sustainable development of natural resources will be a core focus of our government,” and has told resource leaders that “Our government will work with you to eliminate unnecessary red tape and bureaucratic processes.” Those leaders await the results.
Conclusion
British Columbia’s prosperity is deeply interconnected, with urban centres and resource regions playing complementary roles. However, the evidence is clear: the resource sectors, particularly in the northern half of the province, remain the primary engines of economic growth. Acknowledging and supporting these industries is not only fair but also critical to sustaining the provincial economy and the public services that benefit all British Columbians.
Sources:
- Statistics Canada: Census 2021 Population and Dwelling Counts.
- BC Stats: Economic Accounts and Export Data (2022).
- Natural Resources Canada: Forestry, Mining, and Energy Sector Reports.
- Trade Data Online: Government of Canada Export and Import Statistics.
Business
Trump puts all federal DEI staff on paid leave
From LifeSiteNews
Trump’s shuttering of federal DEI programs is in keeping with his promise to ‘forge a society that is colorblind and merit-based.’
President Donald Trump has ordered all federal diversity, equity and inclusion (DEI) staff to be placed on paid leave by Wednesday evening, in accordance with his executive order signed on Monday.
The president pledged during his inaugural address to “forge a society that is colorblind and merit-based,” which is the impetus behind his efforts to abolish DEI programs that prioritize race and ethnicity above merit when hiring workers.
Trump’s Executive Order on Ending Radical and Wasteful Government DEI Programs and Preferencing stated, “Americans deserve a government committed to serving every person with equal dignity and respect, and to expending precious taxpayer resources only on making America great.”
“President Trump campaigned on ending the scourge of DEI from our federal government and returning America to a merit based society where people are hired based on their skills, not for the color of their skin,” White House press secretary Karoline Leavitt said in a statement Tuesday night. “This is another win for Americans of all races, religions, and creeds. Promises made, promises kept.”
The Office of Personnel Management issued a memo to the leaders of federal departments instructing them to inform employees by 5 p.m. ET on Wednesday that they will be placed on paid administrative leave as all DEI offices and programs prepare to shut down, according to NBC News.
It is unclear how many employees will be affected by the erasure of federal DEI programs.
Diversity training has “exploded” in the federal government since Joe Biden took office in 2020, the Beacon noted, with all federal agencies having mandated a form of DEI training before he left office.
DEI initiatives have long been widely denounced by conservatives and moderates as divisive, but they have been coming under increasing fire for undermining the competence and most basic functioning of public institutions and private corporations, even putting lives at risk.
For example, some commentators have blamed growing – and at times catastrophic and fatal – airplane safety failures in part on DEI hires and policies. Upon the revelation that a doctor at Duke Medical School was “abandoning… all sort(s) of metrics” in hiring surgeons in order to implement DEI practice, Elon Musk warned that “people will die” because of DEI.
Conservatives have also criticized DEI for stoking rather than curing division. A recent study shows that DEI programs actually breed hostility in businesses and schools.
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