‘A lot of hard work yet to do’: Mancuso

While some are proclaiming an end to the recession, incoming Red Deer Chamber of Commerce president Dom Mancuso isn’t ready to crack out the champagne just yet.

Dominico (Dom) Mancuso

While some are proclaiming an end to the recession, incoming Red Deer Chamber of Commerce president Dom Mancuso isn’t ready to crack out the champagne just yet.

Technically, the economy may have turned the corner, said Mancuso on Wednesday, but it will likely be some time before many Central Alberta businesses can breathe easy.

“Really as a business owner we could be 12 months away from that yet,” he said. “So there’s a lot of hard work yet to do.

“So with the Chamber we’re hoping to be able to help them as business owners work their way through it.”

Mancuso, who with brother Pino owns Northland Construction Supplies, which has operations in Red Deer and other major centres, is acutely aware of the recession’s impact.

“Being in construction, it’s tough right now. Residential has been down 18 months-plus. Commercial construction was pretty good last year and this year is not doing so well,” he said.

“Indications going forward is it’s going to be a tough winter. But by next spring we should start to see some signs of recovery.

“Really, what it comes down to is if we can get the oil and the price of natural gas up over the winter, then you’re going to start to see some things happening over the winter, especially in Central Alberta, (because) we’re an oilfield services centre.”

Mancuso said the main role of the Chamber, especially when times are tough, is to offer support and provide information.

To that end, TD Bank Financial Group Bank chief economist Don Drummond has been invited back to provide his expert take on the state of the economy.

“By talking to these individuals or listening to these individuals maybe that will help them to understand where the end is. Really, that’s what it comes down to — where is the end? Are we six months out? Are we 12 months out?

“Once people feel good about what’s coming then everything changes. People’s ideas and thoughts and purchasing changes as well.”

Besides offering support, the Chamber has also proven an effective lobbyist, he said. The business group joined efforts to highlight the crisis in the pork industry for the federal and provincial governments, a campaign that led the feds to roll out an economic package to help producers.

The Chamber has also joined forces with Red Deer Regional Economic Development and Central Alberta Economic Partnership to step up efforts to boost foreign direct investment in the area from North America and farther abroad.

pcowley@bprda.wpengine.com

Just Posted

Red Deer’s crisis line workers are busy dealing with multiple emergencies

Callers need everything from mental health counselling to their basic needs met

Restaurant Brands International announces executive changes and raises dividend

TORONTO — Restaurant Brands International Inc. raised its dividend as it announced… Continue reading

Puck and player tracking gets TV test at All-Star Weekend

Twenty-three years after Fox’s glowing puck made its debut, the NHL’s next… Continue reading

Some Alberta minor hockey players getting heat for Indigenous locker room dance

FORT MCMURRAY, Alta. — The Fort McMurray Minor Hockey Association has apologized… Continue reading

Not a fly-over province: Trudeau making frequent stops in Saskatchewan

LA LOCHE, Sask. — Prime Minister Justin Trudeau is set to visit… Continue reading

2-for-1: Total lunar eclipse comes with supermoon bonus

On Sunday night, the moon, Earth and sun lined up to create the eclipse, which was visible throughout North and South America

Backlund scores OT winner for Calgary Flames in 3-2 win over Carolina Hurricanes

Flames 3, Hurricanes 2 (OT) CALGARY — Mikael Backlund scored 15 seconds… Continue reading

Glendening’s two-goal performance leads Red Wings past Oilers 3-2

Red Wings 3, Oilers 2 EDMONTON — Luke Glendening had a pair… Continue reading

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

OTTAWA — The Canada Food Guide’s familiar food rainbow has been replaced… Continue reading

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

B.C. animators land Oscar nominations

‘Animal Behaviour’ by Vancouver’s David Fine and Alison Snowden among several Canadians on the short list

Canadian talent abound on newly revamped Vancouver Whitecaps squad

VANCOUVER — The Vancouver Whitecaps may need to stock up on maple… Continue reading

China demands US drop Huawei extradition request with Canada

China detained two Canadians on Dec. 10 in an apparent attempt to pressure Canada to release Meng

Most Read