The provincial government of Alberta has announced that they are going to deploy 2 new immigration programs in the business as well as entrepreneurial area, with an intent to bring-in sustainable development in suburban areas of the province, as well as to create new jobs.
The recent provincial budget release saw the Alberta Advantage Immigration Strategy, which includes a new Foreign Graduate Entrepreneur Program along with the new Startup Visa Stream. Both programs are expected to work alongside the Alberta Immigrant Nominee Program.
The budget statement said that the scarcity of people with relevant skills and experience is one of the biggest barriers to growth in Alberta’s digital economy.
Even when there are only initial details available about the new program, the budget statement did also mention specifics on what category of candidates the government wants to bring in.
About the Startup Visa Stream, the statement says that the Startup visa would accept applications from candidates who are qualified from top institutions to get fast tracked, if they commit to start their venture in Alberta with a pathway to permanent residency through the Alberta Immigrant Nominee Program.
The visa is initially likely to target foreign students who are graduates in the United States.
Also, the budget statement says that the Foreign Graduate Entrepreneur Program will offer speedy immigration opportunity for nationals from foreign countries who have graduated from Alberta post-secondary institutions.
According to the same statement, a renewed strategy would also be in place to support the program to attract highly qualified foreign students to colleges and universities in the province of Alberta.
The only AINP program that is available now for entrepreneurs is the Alberta Self-Employed Farmer Stream that targets applicants with farm management skills and financial resources to bring in to a farming business in the province of Alberta.
The Alberta Opportunity Stream and Alberta Express Entry are also operated by the province for qualified skilled workers and international graduates.
A plan to help the new immigrants to find work at their skill level easily was also introduced in the budget.
The Fair Registration Practices Act (FRPA) passed in June 2019 already tackles the speeding up and simplifying credential recognition in the province which helps the Immigrant initiatives. Alberta calls this new policy the Fairness for Newcomers Action Plan.