{"id":169206,"date":"2025-09-25T21:33:03","date_gmt":"2025-09-25T21:33:03","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/169206\/"},"modified":"2025-09-25T21:33:03","modified_gmt":"2025-09-25T21:33:03","slug":"kinew-sets-ambitious-economic-target-for-2040-winnipeg-free-press","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/169206\/","title":{"rendered":"Kinew sets ambitious economic target \u2014 for 2040 \u2013 Winnipeg Free Press"},"content":{"rendered":"

The provincial government has launched an economic development strategy with an eye on making Manitoba a \u201chave\u201d province by 2040.<\/p>\n

Premier Wab Kinew made the announcement during a private sector-led 2025 leader\u2019s forum Thursday. The economic strategy was noted in the province\u2019s 2025 budget.<\/p>\n

A focus is on Manitoba\u2019s productivity, Kinew said. He pointed to decreased productivity within Manitoba and nationally.<\/p>\n

\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\"MIKE
\n\t\t\t\t\t\t\t\t\t<\/a><\/p>\n

MIKE DEAL\/ FREE PRESS<\/p>\n

Premier Wab Kinew announces the release of Manitoba\u2019s new economic development strategy Thursday. The province aims to boost its gross domestic product per capita by $5,000 relative to other provinces by 2040.<\/p>\n

Productivity \u2014 looking at inputs, such as time and money, compared with outputs contributing to GDP \u2014 has been declining in Manitoba since 2015, Kinew said.<\/p>\n

He laid out a list of policies included in the new strategy.<\/p>\n

Manitoba will fund a $50-million financing program for businesses to make \u201cproductivity-enhancing\u201d investments. The first tranche, Kinew said, will be spent on trade-exposed sectors.<\/p>\n

The province is increasing its small business venture capital tax credit by more than one-third, reaching up to $30 million for small business venture capital. Government is removing the provincial sales tax from manufacturing equipment for manufacturers.<\/p>\n

More trade offices, similar to one recently opened in Washington, D.C., will be incoming, Kinew said.<\/p>\n

Government aims to boost Manitoba\u2019s gross domestic product per capita by $5,000 relative to other provinces by 2040, Kinew added.<\/p>\n

The province is enacting a higher education round table and will modernize its apprenticeship system, Kinew said.<\/p>\n

\n\t\tWinnipeg Free Press | Newsletter\n\t<\/p>\n

\t\t\"Sign<\/p>\n

He appealed to Manitoba\u2019s business community, saying, \u201cLet\u2019s build Manitoba up together.\u201d<\/p>\n

\u201cWe need to go back to a period of investing. We need to go back to a period of building.\u201d<\/p>\n

Kinew also pointed to oft-talked about infrastructure upgrades at the Port of Churchill. The \u201cmajor project\u201d would supercharge Manitoba\u2019s economy, Kinew said, adding he\u2019s working with Ottawa. Prime Minister Mark Carney has shown support for bolstering trade through the northern port.<\/p>\n

Manitoba launched public consultation on its economic development strategy this spring.<\/p>\n

gabrielle.piche@winnipegfreepress.com<\/p>\n

\t\t\t\t\"Gabrielle<\/p>\n

Gabrielle Pich\u00e9
Reporter
\n\t\t\t\t\t\t\t\t\t<\/a>
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Gabrielle Pich\u00e9 reports on business for the Free Press. She interned at the Free Press and worked for its sister outlet, Canstar Community News, before entering the business beat in 2021. Read more about Gabrielle<\/a>.<\/p>\n

Every piece of reporting Gabrielle produces is reviewed by an editing team before it is posted online or published in print \u2014 part of the Free Press\u2018s tradition, since 1872, of producing reliable independent journalism. Read more about Free Press\u2019s history and mandate<\/a>, and learn how our newsroom operates<\/a>.<\/p>\n

Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber<\/a>.<\/p>\n

Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.<\/p>\n","protected":false},"excerpt":{"rendered":"The provincial government has launched an economic development strategy with an eye on making Manitoba a \u201chave\u201d province…\n","protected":false},"author":2,"featured_media":169207,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-169206","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/169206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=169206"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/169206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/169207"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=169206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=169206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=169206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}