economic contribution
Geographic Distribution of Economic Contribution
Of a total economic contribution of nearly $4.9 billion in 2007, about $2.1 billion was allocated to the purchase of goods and services from a variety of locations and enterprises. Nearly 97 percent, or $1.9 billion, was spent within Canada. Of that, $1.8 billion, or 92 percent of the Canadian total, was spent on goods and services provided by Alberta-based enterprises. Firms in the Wood Buffalo region accounted for just over 50 percent of Alberta spending. Firms in the Edmonton region accounted for about 30 percent, and Calgary companies for 20 percent. As stated elsewhere in this report, procurement from Aboriginal firms based in the Wood Buffalo area totalled nearly $144 million in 2007.
Syncrude recognizes that its procurement strategy must benefit Alberta. The province will remain Syncrude’s primary supply hub, and expenditures on sustaining capital and operations will remain substantial in the years ahead.
As well, the majority of Syncrude’s 4,733 employees reside in the Wood Buffalo region. (They represent more than nine percent of the 2006 Fort McMurray population). Their support of local businesses, combined with Syncrude’s procurement of goods and services from Aboriginal and other local firms, continue to contribute in a substantial way to the economic base of the region.
Geographic
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procurement of
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Total
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TOTAL expenditures
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