canadian economic development

2

BUILDING

MOMENTUM

A N N U A L R E P O R T

10

03 05 08 12 2806

Message From CEO & Board Chair

Message from the Mayor

About CED

2010 Overview

Financial Overview

Economic Highlights

30

TABLE OF CONTENTS

Calgary’s Story

Action Calgary Partners

36 38

BusinessCommittees & Community Partners

Calgary EConomiC DEvElopmEntannual rEport 12010

Calgary EConomiC DEvElopmEnt annual rEport2 2010

F. Bruce GrahamPresident & ceO

WilFred a. GOBertchairman OF the BOard

alderman Brian Pincott Wilf Gobert Bill chomik Brett ironside Patricia mcleod

monica Kohlhammer murray sigler Gabriel Franco Jim Barker duncan au

BOard OF directOrs l-rabsent: doug armitage don campbell Gerry Protti lew turnquist david Watson


throughout 2010, Calgarians continued to demonstrate their unwavering can-do attitude and entrepreneurial spirit. While the rest of the world, and to a great

extent Canada, remained engulfed in complex economic challenges,

Calgary successfully emerged as a resilient global economic leader.

that’s not to say Calgary’s road to recovery has been easy; 2010 started out with very moderate improvements and, in some months, witnessed

slight retraction. as the year advanced, Calgary’s economic growth started to show marked

improvement, finishing the year on solid footing. Based on stronger oil prices, by the end of 2010 Calgary reported impressive annual gDp growth,

a downward trend in unemployment and lower than expected office vacancy.

Calgary continued to build on its reputation as an emerging international city with a number of high

rankings. most notably, Forbes magazine ranked Calgary as one of north america’s fastest growing

cities, attributable to its strong energy industry; lower taxes; ease of doing business; geographical footprint; and attractive housing price-to-income

ratio. a stronger economic environment and improved rankings, combined with the election

of our new mayor, naheed nenshi, propelled Calgary into the global spotlight.

For Calgary Economic Development, the past year was a time of building momentum. adapting to the realities of a shifting global economic environment,

we remained committed to delivering initiatives that support the three key goals set out in the city’s

10-year Calgary Economic Development Strategy. our organization focused on strengthening

relationships in the Calgary business community. action Calgary, Calgary Economic Development’s partnership program, had a 96 per cent renewal

rate while, at the same time, attracting many new partners. thanks to the support of the business

leaders who participate in action Calgary and our strategic business committees, we were able

to deliver on a number of key growth initiatives including opening the global Business Centre;

developing a business plan for the alberta Creative Hub; and completing the global Energy Centre study.

our business development team identified high-potential international and domestic opportunities,

with a particular focus on China and South america. With over 800 trade and investment leads, 400

outreach efforts and close to 250 client engagement consultations, Calgary Economic Development reported 18 client success stories for the year.

We expect more positive results throughout 2011 and 2012 due to the efforts put forward in 2010.

learning from the last economic boom, labour issues remained top of mind at Calgary Economic

Development. many of our key activities were dedicated to making Calgary a great place to live

and work, including the launch of liveinCalgary.com; the signing of Calgary‘s telework Charter; and the

implementation of the inaugural telework Week.

Calgary Economic Development’s commitment to growing, retaining and attracting people, business and investment to Calgary continues to be supported by our award–winning marketing initiatives. in 2010,

our organization was presented with 14 industry marketing awards including “best in class” for

economic development initiatives in Canada.

on behalf of our Board and staff, we would like to extend our thanks to mayor nenshi, members of the

Calgary City Council, our action Calgary partners and members of the Calgary business community for supporting our effort to be the key influencer of the

economic vitality and well-being of Calgary.

With the uncertainty of 2010 behind us and the promise of Calgary being a leader for economic growth in Canada, we expect continued improvement for the

region in 2011.

at Calgary Economic Development, we will continue

to foster a strong and vibrant economic environment for

2011 and beyond.

messaGe FrOm ceO & BOard chair

Wilfred a. Gobert chairman of the boardF. Bruce Graham President & ceO


naheed K. nenshimayOr city OF calGary


“Calgary is at a key moment in its history.

We have the people, the energy and the

vision to make calgary the key

economic and cultural centre

of canada.through its stewardship

of the 10-year Calgary Economic

Development Strategy, Calgary

Economic Development has a

leading role in laying the groundwork for

our future prosperity.

While 2010 was a period of challenge,

Calgary Economic Development helped bring high-potential

business opportunities to Calgary that were

focused on both short-term recovery

and long-term sustainable economic

development.

the coming year will build on that

momentum, as the city of calgary,

calgary economic development

and citizens work together to make

calgary the best place to live and build

a business.”

messaGe FrOm the mayOr

6 2010Calgary EConomiC DEvElopmEnt annual rEport

calGary has a Great stOry

calGary #1 (in WOrld)

FOr Quality OF livinGecO-city ranKinG mercer2010

canada’s

mOst Wired citymaclean’s / canadian cOuncil On learninG 2010

calGary

receives “a” Grade in canada cOnFerence BOard OF canada 2010

WOrld’s

third Fastest GrOWinG cityFOrBes 2010


canada’s

thirdsmartest

city maclean’s / canadian cOuncil On learninG

2010

canada’s

FOurth mOst cultured

city maclean’s / canadian cOuncil On learninG

2010

calGary #1

tOP 10 canadian

cities in Which tO invest

real estate investment netWOrK2010

WOrld’s

FiFth mOst livaBle

citythe ecOnOmist maGazine

2010


it’s all aBOut

PeOPle

Our team

The qualiTy of our people is our

greaTesT asseT. They give our

organizaTion The energy To achieve

our goals.

robyn Bewsdusko Galic

ramzieh Khalilmegan zimmerman

Karen Garricksusan thompson

deana haleyteresa Kaban

elisha chinlissa craigrachel yin

maryn edwards

Kristy Frandletom dixon

carol thiessenKaren chown

Gary slippmonica rovers

Katie FindlayBruce Grahamchelsea siler

rick tovellmarek drywa

elsbeth mehrer

Krista lauridsenmichael Fotheringham

Fern lockwoodluke azevedoJohn hankinsannie Korvermary moran

aBsent:adelina Banks

June reidBrian mcclure

Paul Paynter

FrOm FrOnt tO BacK, l-r


calGary ecOnOmic develOPment is a corporation funded by the City of Calgary, private industry and other levels of government, and managed by an independent Board of Directors.

in support of the three key goals set out in the 10-year Calgary Economic Development Strategy, Calgary Economic Development acts as a connector to bring businesses, organizations, government and the community together for projects and initiatives that benefit Calgary’s vitality and economic well-being.

Focus on PeOPle & cOmmunity

Focus on Business & enterPrise

aBOut calGary ecOnOmic develOPment

Focus on InternatIonal reach

Our missiOntO strateGically inFluence the ecOnOmic vitality & Well-BeinG OF calGary

CALGARY ECONOMIC DEVELOPMENTANNUAL REPORT 112010

TO FULLFILL OUR MISSION

WE FOCUS ON THE FOLLOWING PRIORITY

SECTORSENERGY

SUSTAINABLE & RENEWABLE ENERGY

REAL ESTATETRANSPORTATION & LOGISTICS

FINANCIAL SERVICESMANUFACTURING

FILM, TELEVISION & CREATIVE INDUSTRIES

WE WORK ON THESE KEY INITIATIVES

ACTION CALGARYALBERTA CREATIVE HUB

GLOBAL BUSINESS CENTREGLOBAL ENERGY CENTRE PRODUCTIVITY ALBERTA

WORKshift

Promoting Calgary as the location of choice for

PEOPLE, INVESTMENT & BUSINESS,

Calgary Economic Development delivers services and initiatives

focused on growing and developing a number

of key industry sectors. Our efforts support businesses and the community to achieve

greater results that benefit organizations, our city

and the region.

WE OFFER THE FOLLOWING SERVICES TO RESPOND

TO CLIENT & COMMUNITY NEEDS BUSINESS INVESTMENT ATTRACTION BUSINESS RETENTION & EXPANSION

MARKETING & PROMOTIONNETWORKING & CONNECTION BUILDINGORIENTATION & RELOCATION SERVICES

RESEARCH & MARKET INTELLIGENCETRADE MISSIONS & DELEGATIONS

WORKFORCE DEVELOPMENT


overviewdevelopment

m c


overviewdevelopment

m c2010

Trade & invesTmenT leads 833OuTreach calls 421clienT engagemenTs 249incOming Trade delegaTiOns 25OuTgOing missiOns 3clienT success sTOries 18research inquiries 810Film, TelevisiOn & cOmmercial prOducTiOns $90 milliOnWOrKshift pilOT cOmpanies 7acTiOn calgary parTners 54TOTal WebsiTe hiTs 112,000media hiTs 464evenTs hOsTed 46marKeTing aWards 14


WOrKFOrce develOPment

calGary ecOnOmic develOPment is seen tO Be a Key vOice in WOrKFOrce develOPment cOnversatiOns FOr Our city.

in 2010, we created tools and programming that provide the human resources community with information and resources to increase the effectiveness of its workforce attraction and retention efforts.

the award-winning liveinCalgary.com website was launched in February, with $250,000 in funding secured from the province of alberta. the liveinCalgary.com website is continually refreshed to support companies in their ongoing efforts to relocate and settle new talent.

another key initiative under workforce development was a succession planning best practices forum for over 100 participants which was held in november. titled “Who’s on Deck”, the session consisted of a keynote address, panel discussion and mentorship presentation focused on preparing companies for staff transition.

renewed optimism in 2010 resulted in late-year hiring and employment recovering to near pre-recessionary levels. the year ended with an overall unemployment rate of 5.9 per cent. With more increases expected in organizational hiring, combined with the pending retirement of baby boomers, workforce development is once again becoming a top priority for Calgary businesses. through effective tools, targeted forums and marketing initiatives, Calgary Economic Development is well poised to further support people attraction in 2011.


WorKshift is a three-year, federally funded initiative designed to create a template for a flexible work (telework) program that can be easily replicated across other jurisdictions in Canada. WorKshift

has received significant national and international recognition as a key strategy to combat gridlock,

differentiate Calgary and attract and retain a talented workforce. With WorKshift, Calgary

Economic Development strives to accelerate the adoption of flexible work practices within the Calgary business community. From the launch in may 2009 to the end of 2010, we have engaged 15 companies

in the WorKshift program.

there was significant progress with WorKshift initiatives in 2010. With unanimous support from City Council, april 19 – 23 was declared Calgary’s

first telework Week. programming for the week included four marketing events, which featured the

signing of a telework Charter by senior business leaders, and a headline event featuring Scott

mcnealy, former CEo of Sun microsystems. nearly 50 organizations participated in telework Week,

yielding a reduction in driving of over 7,000 km.

looking forward, WorKshift programming will continue to focus on engaging more Calgary

companies and enhancing tracking and reporting tools to help companies measure the employee,

economic and environmental impact of adopting the WorKshift program.

WOrKshift

ecOnOmic develOPment

achievement OF the year

aWarded By ecOnOmic develOPers assOciatiOn OF canada and rOyal BanK OF canada

hermes creative aWard

for www.workshiftcalgary.com

videOGraPher aWards

for the WOrKshift video

Pixie aWardfor the WOrKshift video

2010 WOrKshift

aWards


the strengthening of oil prices in 2010 resulted in a notable increase in drilling activity and investment in alberta. along with this increased investment, the environmental impact continued to be top of mind. to support oil sands advocacy, Calgary Economic Development created an oil sands fact sheet and participated on the provincial oil Sands Communication Committee to inform audiences about the economic impact and environmental management of the oil sands. in addition, we continued to grow our relationship with the oil Sands leadership initiative (oSli) and support its goal of improving the oil sands industry’s reputation.

Calgary Economic Development hosted a number of energy-related events throughout the year, including leading 16 Calgary-based companies to Brazil and welcoming nearly 300 guests to the international reception during the global petroleum Show.

“the efforts of Calgary Economic Development eliminated barriers and created access to the top decision makers at petrobras that would have normally taken years to develop on my own. the end result is immediate business opportunities in a growing market, a working partnership and technology discussions that are on-going today. thank you Calgary Economic Development for your efforts to showcase Calgary businesses to the world.” tOdd andersOn vice President - sales & marKetinG, ceda internatiOnal

Based on direction taken from the 10-year Calgary Economic Development Strategy, we also directed efforts to position Calgary as the “centre for all things energy”. Working in collaboration with the Canadian Centre for Energy information and representatives from industry and academia, Calgary Economic Development put forward the global Energy Centre Study in august. this study outlined strategies aimed at positioning Calgary as a leading international energy centre. the following three key priorities were identified:

1. Develop a community demonstration project;

2. position Calgary as a global thought leader with a global energy event; and

3. Create a global competition that connects the world to Calgary.

in support of the recommendations arising from the study, Calgary Economic Development furthered our relationship with the virgin group and received commitment to host a global energy event in Calgary in 2011. We also maintained a leadership position at the World Energy Cities partnership through demonstration projects and sharing best practices in support of the Calgary Climate Change accord.

one of the key attributes to becoming the global Energy Centre is the need to support a thriving Sustainable & renewable Energy (SurE) sector in the city and province. Calgary Economic Development continued to focus on this area and in 2010 developed a SurE sector profile.

this report provides a comprehensive overview of the infrastructure and opportunities in Calgary’s growing SurE sector. the profile was launched in conjunction with the announcement of the global Clean Energy Congress, which will take place in Calgary in november 2011.

Furthering our efforts within the SurE sector, several workshops were held with SurE companies to promote business opportunities with the City of Calgary and EnmaX.

enerGy

enerGy success stOriescOmPany/PrOGram initiativeEngineering technology inc tradevoucher program Business DevelopmentSustainability north america attraction north West international ltd trademotive industries ExpansionChrysalix attraction


inteGrated sustainaBle

technOlOGy and envirOnment

reneWaBle enerGy

cleaner hydrOcarBOns

enerGy eFFiciency & cOnservatiOn

inteGratiOn & distriButed

enerGy

additionally, a venture capital workshop was held in conjunction with innovate Calgary (formerly Calgary technologies inc.) and CEtaC WESt involving nine

venture capital companies, which enabled SurE companies to network and gather information on the

criteria for investment. Calgary Economic Development also led a trade mission with six alberta companies

to iFat, the world’s leading trade fair for environmental technology in germany. in march 2010, Calgary

Economic Development supported a thought-leaders forum on the subject of wind and co-generation in

alberta that delivered a set of policy recommendations to the alberta government.

in the upcoming year, our efforts in the energy sector will address the key priorities identified in the global Energy Centre study and engage global and Calgary-

based organizations in advancing SurE developments. Forecasted strong growth in the oil sector will continue

to direct Calgary Economic Development’s energy investment attraction efforts towards opportunities in China and latin america while we remain focused on supporting oil sands advocacy throughout Canada and

international markets.

“through Calgary Economic Development’s collaboration with

innovate Calgary (formerly Calgary technologies), alberta Enterprise,

and CEtaC WESt, we were able to identify innovative clean tech-related

businesses in alberta. the forums, introductions, and market information they provided were a key factor in our final decision to establish an official

presence in Calgary.” miKe WalKinshaW

manaGinG directOr & cFO, chrysalix enerGy venture caPital

sustainaBle & reneWaBle enerGy

Calgary HaS a Strong traCK rECorD in tHE SurE SECtor, in partiCular, in tHE arEaS oF ClEan

tECHnology, CommErCialization, invEStmEnt in rEnEWaBlE EnErgy, poliCiES to Support

rEDuCtionS in gHg, SuStainaBlE urBan DESign anD invEStmEnt in EnErgy EFFiCiEnCy. aSSEtS uniquE

to Calgary anD alBErta HavE HElpED SurE SECtor FirmS DEvElop nEW tECHniquES anD EXpanD in nEW

marKEtS. tHESE aSSEtS givE Calgary-BaSED FirmS a CompEtitivE aDvantagE in tHiS EmErging FiElD.

sure technOlOGy

cOmmercializatiOn & Business

GrOWth

entrePre-neurial sPirit

Quality OF liFe

natural resOurces

access tO caPital

canada’s enerGy centre

hiGhly educated laBOur FOrce

POlicy FrameWOrK

KnOWledGe & netWOrKs

calGary sure sectOr assets

calGary sure sectOr leadershiP


“the dynamic PrOFessiOnals at calGary ecOnOmic develOPment that assisted hôtel le Germain’s successFul inteGratiOn intO calGary’s Business and cultural cOmmunity shOuld Be recOGnized FOr their WOrK BeyOnd traditiOnal Business BOundaries. their visiOn and enerGy has made a tanGiBle diFFerence FOr Our cOmPany as it emBarKed On a natiOnal exPansiOn. thanK yOu!”christiane Germain co-president, Groupe Germain

.


real estate cOmmercial

as noted in Home Base: What drives head office growth and Calgary’s place as a global business

hub, released by Calgary Economic Development in august 2010, Calgary is Western Canada’s head

office capital. Calgary has the highest concentration of head offices per capita in the country with

114 of the Financial post 500 companies headquartered in the city.

Calgary’s cityscape witnessed dramatic changes during 2010, particularly with the architectural features of the Bow and Eighth avenue place. Following three straight years of office vacancy

increases, Calgary experienced increased office space absorption, particularly in the last half

of the year. Consequently, the negative absorption experienced the previous year was more than offset

with positive absorption in 2010. a flight to quality, particularly in the downtown core, resulted in lower than expected vacancy in aa and a class buildings.

in the industrial space category, the improved economy resulted in companies showing a desire

to grow and expand operations, leading to downward pressure on vacancy.

With office and industrial vacancy still higher than pre-recession levels and more inventory expected

over the next several years, there is an ongoing need to attract and grow business in Calgary.

Calgary Economic Development works closely with companies to provide insight into the benefits

of building or strengthening a western presence in Calgary. throughout 2010 we were instrumental in helping retain, attract and grow 18 organizations

across a number of sectors that occupied nearly 900,000 square feet of industrial and

office space in the region.

Calgary Economic Development worked closely with a number of companies in 2010, providing

location and economic analyses on Calgary’s competitiveness. Based on this work, it is

anticipated that Calgary will experience further company relocations and expansions as the economy

continues to strengthen throughout 2011.

dOWntOWn vacancy rateq4 2009 actual 15.5%q4 2010 Forecast ** 18.8%Q4 2010 actual 13.0%

suBurBan vacancy rateq4 2009 actual 15.7%q4 2010 Forecast ** 17.0%Q4 2010 actual 13.6%

industrial vacancy rateq4 2009 actual 6.2%q4 2010 Forecast ** 6.7%Q4 2010 actual 4.9%**Forecast made in q4 2009Source: CB richard Ellis

real estate success stOriescOmPany initiativegroupe germain attractiongeneral Electric Canada attractionShanahan’s Building products ExpansionDr. green attraction


POrtscn & cP cOre mainlinenatiOnal hiGhWay systemcalGaryOther cities

calGary

regina

edmonton

Grande Prairie

CranbrookMedicine Hat

Lethbridge

saskatoon

Lloydminster

vancouver

squamish

Prince George

Vernon

West Bank & Kelowna

Kamloops

Kitimat

Prince rupert

churchill

WinnipegBrandon

Bc aB sK

yK nt

mB

12hrs travel time

6hrs travel time

3hrs travel time

Calgary’s transportation and logistics sector is comprised of air, rail and truck transportation, wholesale trade and warehousing, postal and courier activities, and other transit support activities. Calgary is a natural transportation and logistic hub for Western Canada, with its convenient location on both the transCanada and CanamEX highways, and the great rail links from the port of vancouver and the east coast. over the past several years, major retailers have selected Calgary as an integral part of their western distribution strategy. Companies choosing Calgary as a hub have been influenced by the geographic location combined with the growing economy, well-developed and evolving infrastructure and alberta’s low tax regime.

in 2010, Calgary Economic Development identified transportation and logistics as a strategic growth area. With financial support from industry and government, we commissioned a report to identify opportunities to further advance the transportation and logistics sector in Calgary and the region. the report concluded that the Calgary region needed a Calgary Corridor Council comprised of senior transportation and logistics business leaders

to ensure the attraction of a good labour supply and the ability to relay industry concerns with a single voice.

these findings were shared with an industry committee and affected organizations and have formed the basis of our 2011 strategy in this sector, including the recruitment of a dedicated Business Development manager to focus on investment attraction to the Calgary region.

in addition to the study, our organization released a new sector profile on the industry, which provided a comprehensive overview of the infrastructure and opportunities in Calgary’s robust transportation and logistics network. our organization was also a key partner in the van Horne institute’s annual logistics conference.

throughout the year, we were also actively engaged with the Calgary regional partnership to develop a comprehensive regional transportation and logistics strategy. With high-potential economic opportunities in the transportation and logistics industry, this sector will continue to be a strategic focus for Calgary Economic Development in 2011.

transPOrtatiOn & lOGistics


leGend

Financial services

the primary focus of the committee is to increase the representation and profile of the financial

services industry in Calgary. to support future growth in the sector, members of the committee actively

participated in a financial sector roundtable hosted by alberta’s minister of Finance and Enterprise and engaged in a consultation session with the Finance

industry Competitiveness panel for the province.

in addition, with financial support from the province of alberta, pricewaterhouseCoopers completed

an extensive study to identify future growth opportunities in the financial services sector.

this report was used to guide Calgary Economic Development’s approach to target national financial

services companies to expand to Calgary.

For the first time, Calgary Economic Development partnered with the CFa Society to host the Carbon

Financing Forum, a conference designed to explore the financial implications for energy companies

operating in a carbon constrained world. a number of renowned international speakers were involved

in the Forum.

Calgary Economic Development dedicated a significant amount of time in 2010 preparing for

two major finance events scheduled for the first quarter of 2011. these high-profile events include

the asian Financial Forum in Hong Kong and the annual meeting of the inter-american Development

Bank in Calgary.

Calgary Economic Development will direct the majority of the financial sector business

development activities in 2011 towards attracting investment and financial services from China,

Europe and north america.

“i appreciate your efforts and expertise in organizing the

presentation for the incoming delegation from Ji lin province,

China early this year. the high-level government officials and investors were impressed by the information

and data provided in the presentation from Calgary Economic Development.

they told me that they felt more comfortable to do business in Calgary

after what they learned from your culturally-friendly and informative

presentation. as a result, the connection between our firm and

Ji lin province has been strengthened. this brings

us the ease to do business with China in the future.”

dOn li PrOJect cOOrdinatOr, GencaP

last year, calGary ecOnOmic develOPment

cOntinued tO enGaGe With the Financial services advisOry

cOmmittee, cOmPrised OF 25 industry

leaders.

Financial services success stOriescOmPany initiativeroyal Bank of Scotland attractiongen Capital attraction


manuFacturinG

Despite the 9.8 per cent growth in gDp from manufacturing in Calgary over the past decade, the industry is facing: increased external pressures to maintain competitiveness; global competition from low-cost producers; decreased availability of skilled labour; upward pressure on labour costs; economic uncertainty; and constant shifts in demand.

Calgary Economic Development continued to take a lead role in promoting innovation and productivity improvement solutions to Calgary manufacturers to help foster this industry in response to the global marketplace needs. local manufacturers have achieved significant business results through collaboration on the manufacturing action Committee, spearheaded by Calgary Economic Development.

We are committed to supporting the sector by enhancing awareness of manufacturing in the region, helping to attract skilled talent, providing forums for sharing best practices and bringing together government and industry to ensure Calgary’s manufacturing sector is able to compete globally.

“While organizations that serve a component of the need for networking exist, their broad scope did not deliver what i needed. the manufacturing action Committee has filled this need by exposing my organization to the Calgary manufacturing community and specifically exposing me to a group of local manufacturing executives who are facing similar business issues as i do on a daily basis. Calgary Economic Development has taken a proactive role providing assistance in facilitation, access to information and a broad offering of business resources to enable our group to affect the “action” part of our name. Without this support it is unlikely that we, as a group, would have achieved many successes.”miKe Flynn President, aPel extrusiOns ltd.

the manuFacturinG sectOr Plays an inteGral Part in calGary’s ecOnOmy, rePresentinG aPPrOximately

6.6 Per centOF calGary’s emPlOyment Base

it is the sixth hiGhest revenue GeneratinG industry in the reGiOn and rePresents

8.1 Per centOF calGary’s tOtal GdP

manuFacturinG success stOriescOmPany initiativeapel Extrusions Business DevelopmentWestbridge Containers Business DevelopmentKudu industries Business Developmentplains Fabrication Expansion


PrOductivity

in partnership with productivity alberta, Calgary Economic Development delivers productivity

programming to the manufacturing industry to help drive awareness of the need for global

competitiveness and provide tools and resources to accelerate productivity. Canada’s productivity

growth lags behind that of other industrialized nations; more critically, alberta’s

is lower than that of any other province.

one of the highlight events for the year was “Exploiting Chaos”, a unique leadership

development opportunity with award-winning author Jeremy gutsche. the event was co-hosted

by Calgary Economic Development, Edmonton Economic Development Corporation and alberta

Employment & immigration. approximately 150 participants attended the event that focused on unleashing innovation during times of change.

as part of the commitment to improve the province’s productivity, an industrial energy efficiency study, metal fabrication supply chain study and regional

productivity study were completed and released with related events. in addition, workshops on

innovation, energy efficiency, lean manufacturing and research and development opportunities were

successfully implemented.

in the coming year we will be providing workshops, tools and resources to assist Calgary area

businesses in improving productivity in areas such as accelerating innovation, energy efficiency

enhancement, lean manufacturing techniques and global best practice sharing. manufacturing sector

programming will continue, with a further focus on increasing productivity in other sectors

in the goods producing supply chain.

“the introduction of plains Fabrication to productivity alberta

and the manufacturing action Committee was a major influence

in the decision to remain in Calgary and expand our business.

it is through initiatives such as these provided by the Calgary Economic

Development team that clearly demonstrates Calgary Economic

Development’s commitment and progressive thinking. assisting manufacturing

companies helps to ensure alberta based companies are

on the forefront of the world market.”

chester naGy President, Plains FaBricatiOn


“thanKs tO the GlOBal Business centre and calGary ecOnOmic develOPment, my First FeW mOnths in calGary as cOnsul OF France in charGe OF OPeninG a neW cOnsulate in calGary has Been a very smOOth transitiOn. thanK yOu FOr yOur intrOductiOn tO the city and yOur Warm WelcOme.”Jean-charles BOuconsul de France à calgary


GlOBal Business centre

Shale gas and oil sands development projects managed from Calgary attracted significant

international investment attention over the past 18 months – to the value of approximately

$20 billion, primarily from the asia-pacific region. the international recognition being received by

Canada’s natural resource sector reinforces Calgary’s role as an emerging global city and the need

for a facility and programs such as those provided by the global Business Centre.

this world-class, fully equipped, 7,500 sq. ft. facility is ideally located in the centre of Calgary’s

business and convention district on Stephen avenue. the global Business Centre is purposefully designed to be a launching pad to increase international trade

and business activity in Southern alberta and a landing pad to attract new investment and

business growth to the region.

Since opening, the global Business Centre has been successful in building a presence in the

Calgary community through the gBC a.m. breakfast series and country-in-focus events. through the

global Business Centre, we welcomed 25 foreign

delegations resulting in many development activities, including the attraction of Scottish

Development international and the Consul of France, which established

a local presence in 2010.

through the leadership of the global Business Centre team, Calgary Economic Development served as the delegation leader for Southern alberta to Centrallia,

an international business development forum designed for small and medium-sized companies.

We were successful in recruiting six companies from Southern alberta to participate in the well-attended

forum held in Winnipeg in october. Centrallia sparked interest in pursuing the opportunity for Calgary

to become the host city for this forum in the future.

in 2011, Calgary Economic Development looks to increase the

suite of programming, host more networking events and attract

additional tenants to the global Business Centre.

the GlOBal Business centre, One OF calGary

ecOnOmic develOPment’s Key initiatives FOr 2010,

OFFicially OPened its dOOrs in June 2010.

internatiOnal success stOriescOmPany initiativeFrench Consulate attractionScottish Dev’t international attraction


3 Wins

24 nOminatiOns

20 Wins

83 nOminatiOns

43 nOminatiOns

12 Wins

in an effort to increase the film and television industry’s presence and promote Calgary as a location of choice, Calgary Economic Development is mandated as the one-stop location for facilitating all film, television, digital and commercial productions in Calgary. We help facilitate the scouting and permitting process with the City of Calgary, provide information about the city and prepare photo packages for foreign and local producers.

the Calgary region is the fourth largest film and television location in Canada and has the most oscar, golden globe and Emmy nominations of any jurisdiction in Canada. this past year, the film Inception highlighted the incredible scenery available to filmmakers when the climax of the film was shot at Fortress mountain. the scouting and logistics were supported by Calgary Economic Development’s Film Commissioner and staff, and the film was nominated for eight oscars and four golden globes.

in 2010, calGary ecOnOmic develOPment Facilitated Over 260 Film, tv and cOmmercial PrOJects, Which eQuals aPPrOximately $90 milliOn in Business FOr the reGiOn.

this sectOr sees an averaGe return On investment ratiO OF 5:1. the FOllOWinG taBle hiGhliGhts sOme OF the siGniFicant PrOJects that tOOK Place in the reGiOn thrOuGhOut the year.

“heartland the mOvie” tv mOvie-cBc

heartland (FOurth seasOn) tv series-cBc

truth BelOW tv mOvie-mtv

19th WiFe tv mOvie liFetime netWOrK

hell On Wheels tv PilOt-amc

aWard WinninG calGary(inclusive OF 2010)

Film, televisiOn & creative industries


in June 2010, Calgary Economic Development provided further support to the creative industries

by releasing our first paper-free sector profile, which provides essential industry data, company listings

and competitive information.

one of Calgary Economic Development’s key initiatives last year was championing the

development of a facility to support film, television and digital media industries with purpose-built

sound stages and production office space. With the aptly named alberta Creative Hub being incorporated

as a subsidiary company in 2009, in 2010 $1.2 million of funding was secured from the province of alberta for development

of a detailed business plan and building, location and development program for the proposed facility.

a consulting team led by lawson projects was retained to complete this process. the business plan

was developed under the guidance of the alberta Creative Hub management and Board of Directors

in support of a $32 million capital project to be conveniently located at Canada olympic park.

in June, the alberta Creative Hub offered “alberta: 3D ready”, a conference held at the Banff Centre.

in collaboration with industry, unions, guilds and post-secondary institutions, the alberta Creative Hub

brought in 3D experts from across north america to inform and educate participants about the

increasing role of 3D in all mediums, the economic benefits and current industry trends. participants

were also given a unique hands-on opportunity to learn and test the latest 3D technology, from

cameras to editing software.

Currently in its fourth year, the Behind the Scenes program continued to inform and connect

Calgarians with the local film, television and digital media industry. the Behind the Scenes tv show, in partnership with Shaw tv, produced five

episodes in 2010 and will continue to produce new content in 2011. these tv segments featured local

organizations and projects, and highlighted the role of the film, television and digital media sector

in Calgary. Calgary Economic Development also produced a new 15-second advertisement that was

broadcast in Calgary Cineplex odeon theatres in august 2010. the advertisement starred

Calgary-based wrangler and stunt coordinator John Scott, and acknowledged the economic impact

of the industry in the Calgary region.

hermes creative aWard

alberta creative hub video

videOGraPher aWards

award of excellence for alberta creative hub video

nominated for

amPia aWard

i believe Calgary Economic Development is an essential

component for the creative industries to do business in Calgary.

From location scouting and logistics to permits, marketing and client

engagement, they have been a critical part of the success we have

had with our projects. as well, with initiatives like the alberta

Creative Hub and Behind the Scenes, i am encouraged and excited

to be a part of this growing and collaborative industry.

matt GillesPie, President and ceO, JOe media

CALGARY ECONOMIC DEVELOPMENT ANNUAL REPORT28 2010

FINAN CIAL OVERV IEWCalgary Economic

Development completed the 2010 year with revenue up 4.8 per cent from 2009 and expenses up 3.8 per cent, which resulted in an income of $294,813, an increase of 32 per cent from 2009. Calgary Economic Development’s cash position remains strong at year-end with $1.1 million in net assets.

For 2010, Calgary Economic Development, and its subsidiary The Alberta Creative Hub, leveraged over $2.36 million in addition to the base operating grant received from The City ($4.75 million). The year-over-year leveraged funds experienced a 27.2 per cent increase and represented approximately 33.1 per cent of the total operating revenue for the two organizations in 2010. Calgary Economic Development continually strives to engage government and business to assist with its programs and initiatives.

The $0.62 million reduction in current assets in 2010 reflects the clearing of accrued revenue for funding claims related to the construction of the Global Business Centre. Calgary Economic Development’s liabilities also declined during 2010 with the completion of the Global Business Centre construction project.

CITY OF CALGARY BASE GRANT 66.8%

$4.75 Million

PRIVATE SECTOR 11.1%

$0.786 MillionAction Calgary (cash) = $460,000 Other private sector = $326,000

GOVERNMENT 22.1%

$1.571 MillionFunding (non-base) = $774,000 CED Subsidiary = $401,000 (Alberta Creative Hub, non-base) Other revenue (deferred)= $396,000

REVENUE SOURCES 2010

OVERALL LEVERAGED REVENUE Measured in $millions

03 04 05 06 07 08 09 10

2.5

2

1.5

1

.5

0

2003-2010


Financial Overv ieW

the financial information for Calgary Economic Development

and the alberta Creative Hub is summarized in the tables

below. the complete audited financial statements for the year

ending December 31, 2010 are available at

www.calgaryeconomicdevelopment.com

Calgary EConomiC DEvElopmEnt’s summary statEmEnt of finanCial positionFor the year ended December 31

Assets 2010 2009

Current assets $ 2,596,356 $ 3,261,817

Property and equipment and holdback receivable $ 1,907,337 $ 1,864,393

Total assets $ 4,503,693 $ 5,126,210

Liabilities

Current liabilities $ 1,960,249 $ 2,411,257

Long term liabilities $ 1,430,487 $ 1,896,809

Total liabilities $ 3,390,736 $ 4,308,066

Net assets

Net assets invested in property and equipment $ 360,535 $ (52,765)

Unrestricted net assets $ 752,422 $ 870,909

$ 1,112,957 $ 818,144

Total liabilities and net assets $ 4,503,693 $ 5,126,210

Calgary EConomiC DEvElopmEnt’s summary statEmEnt of rEvEnuEs anD ExpEnDiturEsFor the year ended December 31

Revenue 2010 2009

City of Calgary $ 5,187,633 $ 5,121,272

Government $ 329,707 $ 491,849

Business $ 728,907 $ 566,409

Other $ 463,148 $ 221,395

$ 6,709,395 $ 6,400,925

Expenditures

Operating and program expenses $ 5,837,733 $ 5,936,759

Amortization $ 576,849 $ 240,797

$ 6,414,582 $ 6,177,556

Excess of revenues over expenditures $ 294,813 $ 223,369Note: For Calgary Economic Development’s complete audited financial statements please visit our website at www.calgaryeconomicdevelopment.com (Auditor: BDO Canada LLP)

Calgary EConomiC DEvElopmEnt’s subsiDiary, albErta CrEativE Hub summary finanCial statEmEntsFor the year ended December 31

Financial Position 2010 2009

Total assets $ 1,310,025 $ –

Total liabilities $ 1,307,193 $ –

Total net assets $ 2,832 $ –

Revenue and Expenditures

Revenues $ 401,076 $ –

Expenditures $ 398,244 $ –

Excess of revenues over expenditures $ 2,832 $ –Note: For Alberta Creative Hub’s complete audited financial statements please visit our website at www.calgaryeconomicdevelopment.com (Auditor: BDO Canada LLP)


2010 ecOnOmic hiGhliGhts While the average annual unemployment rate for

2010 reveals a small increase from 2009 (6.9 per cent from 6.6 per cent), the month-to-month figures show that unemployment peaked in may at 7.7 per cent and steadily decreased through the latter stages of 2010, to 5.9 per cent in december. this contrasts with canada’s 2010 unemployment rate of eight per cent. GdP is also a bright spot on the economic ledger as it grew by 2.7 per cent from 2009, good for fourth best among canadian cities and on par with canada as a whole.

robust commodity prices, especially for oil, led to increased drilling activity and are good news for the energy sector in general. While the balance is shifting as producers’ total oil sales outstrip those from natural gas over the previous two years, natural gas – where average prices remained soft at $3.80/GJ in 2010 – remains a key component of calgary’s employment and corporate revenue mix. the year ended with oil prices at a two-year high of $91.40/barrel and the average price for 2010 was up 29 per cent to $79.43/barrel. even with increased energy prices, inflation was kept in check with a mere 1.1 per cent year-over-year increase compared to a national increase of 2.2 per cent.

retail sales numbers reflect increased consumer confidence with a 5.6 per cent increase from 2009. this was slightly ahead of the canadian growth rate of 5.1 per cent. there was good news in the commercial real estate sector where vacancy was well below the forecasted rate, coming in at 13 per cent in the downtown segment. calgary’s downtown market was able to absorb the one million square feet of space at eighth avenue Place, finishing the year with a net absorption 1.8 million square feet. the main drivers were companies securing space for future growth and new capital projects.

aFter WeatherinG One OF the WOrst recessiOns in recent memOry,

calGary shOWed siGns OF recOvery in the latter halF OF 2010.


mOmentumBuildinG

all OF these indicatOrs

tOGether reveal that the WOrst OF the

ecOnOmic dOWnturn is Behind us

and calGary is

headinG intO 2011.

ecOnOmic indicatOrs2010 Economic performance highlights

calGary ecOnOmic reGiOn indicator unit 2010 2009 % Change

gross Domestic product 2002 $millions 69,250 67,417 2.7%Consumer price index* 2002=100 122.7 121.7 0.8%retail sales* $millions 21,588.74 20,434.74 5.6%population persons 1,338,241 1,313,771 1.9%Working age population persons 1,089,800 1,069,000 1.9%labour force persons 811,000 816,600 -0.7%Employment persons 755,300 762,900 -1.0%Employment rate % 69.3 71.4 -2.9%unemployment rate % 6.9 6.6 0.3%labour force participation rate % 74.4 76.4 -2.6%net migration persons 12,620 24,149 -47.7%Housing starts* House units 9,262 6,318 46.6%mlS median single family house price** $ 389,000 401,000 -3.0%value of building permits $ 3,863,306,000 4,501,269,000 -14.2%industrial space vacancy** % 3.8 5.2 -26.9%Downtown office space vacancy** % 13.0 15.5 -16.1%Suburban office space vacancy** % 13.6 15.7 -13.4%*denotes Census metropolitan area geography **denotes City of Calgary geography; December priceSource: Statistics Canada, the City of Calgary, CB richard Ellis, Calgary real Estate Board


enerGy indicatOrs

Oil Pricesthe world price of oil, benchmarked at the u.S. price per barrel of West texas intermediate, continued its persistent climb throughout 2010, with an annual average for 2010 of $79.43 uSD/barrel up from $61.67 uSD/barrel in 2009, or 28.8 per cent. prices hit the lowest point of the year in may 2010 at $73.83 uSD/barrel, but continued with an upward trend ending the year with the price of $91.40 uSD/barrel. market assessments of a recovery globally, but particularly in China, and a flight away from the u.S. dollar and into oil fueled the strong price growth of oil.

Oil Prices West texas intermediateAverage Annual - US $/BBL

06 07 08 09 10

100

80

60

20

0

06 07 08 09 10

8

6

4

2

0

alBerta natural Gas PricesAverage Annual - CDN $/Gj

natural Gas Pricesalberta natural gas prices averaged $3.80 CDn/gJ in 2010, from the average of $3.78 CDn/gJ in 2009, an increase of 0.5 per cent. gas prices were very volatile in 2010, starting the year with a January average price of $5.30 CDn/gJ with the lowest average price of $3.13 CDn/gJ in october 2010. High inventories, limited demand and increased supply from unconventional american shale gas has brought natural gas to a new reality, one in which prices will remain far more tempered than in years prior.


unemPlOyment rate

2009-2010 % by Year

calGary ecOnOmic reGiOn

unemployment in Calgary peaked in may 2010 before beginning a steady decline

to the end of the year.

laBOur FOrce (thOusands) unemPlOyment rate %

06 07 08 09 10

8

6

4

2

0

laBOur FOrce / unemPlOyment rate

2006-2010


2009 2010

10

8

6

4

2

emPlOyment By industry, 2009-2010Employment by industry, Calgary Economic region (000’s)

Description 2010 2009 Change (persons) % Change

Allindustries 755.3 762.9 -7.6 -1.0% Full-time employment 627.6 633.0 -5.4 -0.9% part-time employment 127.6 129.9 -2.3 -1.8%Goods-producingsector 190.0 190.8 -0.8 -0.4% agriculture 9.1 12.1 -3.0 -24.8% Forestry, fishing, mining, oil and gas 50.1 50.6 -0.5 -1.0% utilities 5.9 8.6 -2.7 -31.4% Construction 75.4 72.9 2.5 3.4% manufacturing 49.5 46.6 2.9 6.2%Service-producingsector 565.2 572.0 -6.8 -1.2% trade 111.2 104.7 6.5 6.2% transportation and warehousing 41.3 43.4 -2.1 -4.8% Finance, insurance, real estate and leasing 47.3 49.5 -2.2 -4.4% professional, scientific and technical services 80.4 83.8 -3.4 -4.1% Business, building and other support services 27.7 30.3 -2.6 -8.6% Educational services 44.6 44.8 -0.2 -0.4% Health care and social assistance 77.1 71.6 5.5 7.7% information, culture and recreation 36.7 36.3 0.4 1.1% accommodation and food services 40.3 43.7 -3.4 -7.8% other services 34.2 37.4 -3.2 -8.6% public administration 24.3 26.3 -2.0 -7.6%totals may not add due to roundingSource: Statistics Canada

total employment in the Calgary Economic region decreased by one per cent to 755,300 in 2010 from

762,900 in 2009. the highest percentage in employment growth occurred in health care and social

assistance, manufacturing and trade. the industries with the

highest percentage of job losses were utilities, agriculture, business, building and other support services,

and other services.

emPlOyment indicatOrs

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

st

Sept

embe

rOc

tobe

rNo

vem

ber

Dece

mbe

r

Janu

ary

Febr

uary

Mar

chAp

rilM

ayJu

ne July

Augu

st

Sept

embe

rOc

tobe

rNo

vem

ber

Dece

mbe

r

840

800

780

740

700

the average annual unemployment rate in the Calgary Economic

region was 6.9 per cent in 2010, up from 6.6 per cent in 2009.


real estate indicatOrsindustrial and OFFice marKet

calGary tOtal industrial marKet 2006 2007 2008 2009 2010 year end year end year end year end yearend

total inventory (sq. ft.) 105,536,978 110,052,173 112,472,504 114,883,823 115,655,135vacancy rate 0.8% 0.6% 3.1% 5.2% 3.8%absorption (y-t-D) (sq. ft.) 6,471,669 3,104,933 1,114,912 567,523 2,005,107Source: CB richard Ellis

calGary tOtal dOWntOWn OFFice marKet 2006 2007 2008 2009 2010 year end year end year end year end yearend

total inventory (sq. ft.) 31,204,062 32,711,265 33,113,608 35,702,958 36,742,958vacancy rate 0.5% 3.4% 5.2% 15.5% 13.0%absorption (y-t-D) (sq. ft.) 478,793 557,583 -188,934 -1,236,784 1,795,590Source: CB richard Ellis

calGary tOtal suBurBan OFFice marKet 2006 2007 2008 2009 2010 year end year end year end year end yearend

total inventory (sq. ft.) 14,365,374 15,598,016 17,781,671 20,072,800 20,076,406vacancy rate 1.9% 3.8% 8.1% 15.7% 13.6%absorption (y-t-D) (sq. ft.) 1,198,834 825,766 1,271,850 240,762 608,402Source: CB richard Ellis

Calgaryindustrialinventory

the increase in the amount of industrial space in Calgary continues the upward trend of the past decade. there was 701,277 square feet of new industrial supply added to the inventory in 2010. By the end of 2010, there was close to 115.7 million square feet of industrial space in Calgary.

Calgaryindustrialvacancy

industrial vacancy decreased to 3.8 per cent in 2010, down from 5.2 per cent in 2009. industrial space availability declined with strong absorption numbers due to a resurgence of leasing activity and lower rental rates.

Calgaryindustrialabsorption

the Calgary industrial market experienced tremendous growth in 2010. For all of 2010, absorption was two million square feet, compared to 567,523 square feet in 2009. absorption is expected to remain positive in 2011.

Calgaryofficeinventory

in 2010, the downtown office space inventory grew by one million square feet with the addition of Eighth avenue place. the suburban market grew slightly, increasing its inventory by 3,606 square feet.

Calgaryofficevacancy

an increased appetite for downtown office space contributed to the downtown vacancy rate decrease to 13.0 per cent in 2010 from 15.5 per cent in 2009. the suburban office market showed a decrease in overall vacancy moving to 13.6 per cent from 15.7 per cent as more space was absorbed in the market.

Calgaryofficeabsorption

Calgary’s downtown market net absorption for 2010 moved into positive territory with year-end absorption at 1.8 mllion square feet. the main drivers were companies securing space for future growth and new capital projects. Suburban office absorption numbers continued to be strong at 608,402 square feet year-to-date, with most of the absorption being from Class a space.


nOn-residential BuildinG Permits ($)


non-residential permits in the Calgary Economic region accounted for approximately

$1.4 billion worth of building permits in 2010, a decrease of 44.1 per cent from 2009.

non-residential permits represented 35.4 per cent of the total building permit value in 2010.

residential BuildinG Permits ($)


residential permits in the Calgary Economic region represented close to $2.5 billion worth

of building permits in 2010, an increase of 21.7 per cent from 2009, representing

approximately 64.6 per cent of total building permit value.

nOn-resdidential BuildinG Permitsresidential BuildinG Permits

06 07 08 09 10

8.0

6.0

4.0

2.0

0

calGary BuildinG Permits

2006-2010 Measured in $billions

hOusinG starts

tOtal calGary cma(units)

• 2006 17,046

• 2007 13,505

• 2008 11,438

• 2009 6,318

• 2010 9,262Source: Statistics Canada

06 07 08 09 10

425

400

375

350

325

mls median sales Price

calGary Measured in $ thousands

hOusinG starts tOtal calGary census

metrOPOlitan area9,262 new housing units were started

in the Calgary Census metropolitan area during 2010, an increase of 46.6 per cent over

the previous year.

mls median hOusinG sales Price

city OF calGarythe median mlS housing

sales price for Calgary decreased by $12,000 or three per cent

from 2009, to $389,000.

Action cAlgAr y PArtners

PlAtinum PArtnertelus Business solutions

gold PArtnerscalgary HeraldPattison outdoor Advertisingteletrips

silver PArtnersAspen Properties ltd.AtB FinancialAthene offices & servicescanadian Association of Petroleum Producers (cAPP)dirttevans Hunt groupHyatt regency calgarynexen inc.oPus corporation resort of the canadian rockies inc. (rcr)Weber shandwick

Action cAlgAry is A cAlgAry economic develoPment led ProgrAm, designed to engAge cAlgAry’s corPorAte community in collABorAtion to deliver results And Build strAtegic PArtnersHiPs tHAt suPPort Business And emPloyment groWtH And diversiFicAtion. cAlgAry economic develoPment Would like to tHAnk tHe visionAry Business leAders WHo Are committed to tHe Action cAlgAry ProgrAm And HelPing Position cAlgAry to comPete on A gloBAl stAge.

201036 AnnuAl RepoRtCAlgARy eConomiC Development

2010 37Calgary EConomiC DEvElopmEntannual rEport

Bronze PartnersaCaD (alberta College of art + Design)

axia netMedia CorporationBennett Jones LLP

Calgary Chamber of CommerceCalgary real estate Board

Calgary teLUs Convention CentreCenovus energy

Data shapers Inc.Devitt & Forand Contractors Inc.

eLeMent Integrated Workplace solutionsencana Corporation

First Calgary FinancialGowlings LLP

HarMonY by Bordeaux DevelopmentsHaworth Inc. / hbi heritage business interiors

Joe Media GroupKPMG

Lawson ProjectsMarathon oil Canada Corporation

Matthews southwestMosaic studios

PwCQuintaro Imaging

rBCrGo office Products Ltd

saIt Polytechnicshaw Contract Group

sizeland evans Interior Design Inc.snC-Lavalin Inc.theatre Calgary

University of CalgaryWestern Management Consultants

White Iron Inc.zoom Web Video Integration

“aCtIon CaLGarY Is an oPPortUnItY For Us to WorK WItH otHer LeaDers to ProMote

CaLGarY as a DestInatIon oF CHoICe For BUsInesses, to ProVIDe InnoVatIVe anD

LeaDInG-eDGe GLoBaL soLUtIons.”aLI JaFrI,

VICe PresIDent oF saLes For tHe sMaLL-MeDIUM BUsIness MarKetPLaCe,

teLUs CoMMUnICatIons InC. aCtIon CaLGar Y Partners


Strate gic BuSineSS committeeS & community partnerS

Donna Banks CRESA PARtnERSRichard Boyer GiEnow windowS & dooRS Ltd.Michael Carten SuStAinAbLE EnERGy tEChnoLoGiESLarry Day PyRAmid PRoduCtionSBirol Fisekci hARmony by boRdEAux dEvELoPmEntSMatt Gillespie JoE mEdiA GRouPBrent Harris SuStAinAbLE EnERGy tEChnoLoGiESBrian Jamieson RonA Hannes Kovac oPuS CoRPoRAtionLaura Lochman unitEd StAtES ConSuLAtE GEnERALJeff Lowe tELuS buSinESS SoLutionSRobert Mansell univERSity of CALGARy, inStitutES & CEntRESBob Mitchell ConoCoPhiLLiPS CAnAdARobin Penfold hSbC bAnk CAnAdAStephan Poirier CALGARy AiRPoRt AuthoRityDan Rodrigue SmARt tEChnoLoGiES inC.Tracy Sletto GovERnmEnt of CAnAdA, wEStERn EConomiC divERSifiCAtion CAnAdAAndrew Stephens SunCoR EnERGy inC.Randy Upright mAnPowER SERviCES (ALbERtA)Peter Watson ALbERtA EnERGyIan Way ConoCoPhiLLiPS CAnAdA

Stu Boland JACobS CAnAdARick Davidson CEnovuS EnERGyPat Firminger ALbERtA EmPLoymEnt & immiGRAtionAngela Girvan ALbERtA hEALth SERviCES – CALGARy REGionCheryl Goldsmith and Cindy Munn City of CALGARyRichard Gotfried tRiCo homESJohn Simpson StAndEnS LimitEdChris Thomas tim hoRtonSKen Vinge bowEn woRkfoRCE SoLutionS

Chris Anderson ARC finAnCiAL CoRPoRAtionRobert Cook ARC finAnCiAL CoRPoRAtionJames Davidson fiRStEnERGy CAPitAL CoRPoRAtionLeo de Bever AimCoPerry Englot hSbC bAnk CAnAdAShane Fildes bmo CAPitAL mARkEtAlexander Fritsche bAnk of CAnAdAMichael Halliwell CAnAdiAn wEStERn bAnkPaul Kelly fiRSt CALGARy SAvinGSTim Kitchen bARCLAyS CAPitALArt Korpach CibC woRLd mARkEtSDrew MacIntyre td SECuRitiES inC.George Marlatte SCotiAbAnkMichael Mezei mAwER invEStmEnt mAnAGEmEntDave Mowat Atb finAnCiALChris Potter PEtERS & Co LimitEdBill Rice ALbERtA SECuRitiES CommiSSionGordon Ritchie RbC dominion SECuRitiESBob Thompson bRownStonE ASSEt mAnAGEmEntLeonard Waverman hASkAynE SChooL of buSinESS

Helen Bremner ENMAX CorporAtioNDavid Day City of CAlgAry, UtilitiEs & ENviroNMENtAl protECtioN

Carmen Dybwad CEriJudy Fairburn CENovUs ENErgy iNC.

Ken Hogg rENEwAblE ENErgy solUtioNs iNC.David Layzell UNivErsity of CAlgAry

Gary Leach sEpAC – sMAll EXportErs ANd prodUCErs AssoCiAtioN of CANAdA

David MacInnis ChEvroNRobert Mansell UNivErsity of CAlgAry, iNstitUtEs & CENtrEs

Kim Spink NAtioNAl pUbliC rElAtioNsGreg Stringham CANAdiAN AssoCiAtioN

of pEtrolEUM prodUCErs (CApp)Doug Sullivan ENMAX CorporAtioN

Peter Tertzakian ArC fiNANCiAl CorporAtioNBill Trefanenko ENbridgE iNC.

Ashley Wedderburn NAtioNAl pUbliC rElAtioNs

Dave Birkby wEstbridgE pEt CoNtAiNErsMike Flynn ApEl EXtrUsioNs liMitEd

Robert Hansen CANAdiAN MANUfACtUrErs & EXportErs Duane Hertzer optiMA MANUfACtUriNg iNC.

Louis Kelemen Jr. siMo CorporAtioNLaura Kennedy vistA-iMv Jv (vistA proJECts liMitEd)

Duane Macauley dyNAMiC soUrCE MANUfACtUriNgBrian McCready CANAdiAN MANUfACtUrErs EXportErs AssoCiAtioN

Garry Mihaichuk lorEM ispUM CoMiNg sooNRay Mills KUdU iNdUstriEs iNC.

Chester Nagy plAiNs fAbriCAtioN & sUpplyMel Svendsen stANdENs liMitEd

Lynn Wyton AlbErtA fiNANCE & ENtErprisE

Calgary Arts Development AuthorityCalgary Chamber of CommerceCalgary Downtown Association

Calgary FoundationCalgary Regional Partnership/Calgary Regional Economic Partnership

Calgary StampedeCalgary TELUS Convention Centre

City of CalgaryEdmonton Economic Development Corporation

Economic Developers of AlbertaInnovate Calgary

Meetings & Conventions CalgaryMomentum

Productivity Alberta Steering CommitteeTourism Calgary

Transformation CalgaryUnited Way of Calgary and Area

City of CalgaryGovernment of AlbertaGovernment of Canada

ThroughouT The year, many communiTy members generously provide calgary economic developmenT wiTh resources, indusTry insighT and sTraTegic guidance. Through The hard work and commiTmenT of The sTraTegic communiTy parTners and members of The sTraTegic business commiTTees, calgary economic developmenT’s key iniTiaTives are realized. we appreciaTe your ongoing leadership and supporT To acTion The iniTiaTives defined in our 2010 business plan.

Financial ServiceS adviSory committee

Workforce Development ADvisory committee

Business Development ADvisory Committee


Strate gic BuSineSS committeeS & community partnerS

Donna Banks CRESA PARtnERSRichard Boyer GiEnow windowS & dooRS Ltd.Michael Carten SuStAinAbLE EnERGy tEChnoLoGiESLarry Day PyRAmid PRoduCtionSBirol Fisekci hARmony by boRdEAux dEvELoPmEntSMatt Gillespie JoE mEdiA GRouPBrent Harris SuStAinAbLE EnERGy tEChnoLoGiESBrian Jamieson RonA Hannes Kovac oPuS CoRPoRAtionLaura Lochman unitEd StAtES ConSuLAtE GEnERALJeff Lowe tELuS buSinESS SoLutionSRobert Mansell univERSity of CALGARy, inStitutES & CEntRESBob Mitchell ConoCoPhiLLiPS CAnAdARobin Penfold hSbC bAnk CAnAdAStephan Poirier CALGARy AiRPoRt AuthoRityDan Rodrigue SmARt tEChnoLoGiES inC.Tracy Sletto GovERnmEnt of CAnAdA, wEStERn EConomiC divERSifiCAtion CAnAdAAndrew Stephens SunCoR EnERGy inC.Randy Upright mAnPowER SERviCES (ALbERtA)Peter Watson ALbERtA EnERGyIan Way ConoCoPhiLLiPS CAnAdA

Stu Boland JACobS CAnAdARick Davidson CEnovuS EnERGyPat Firminger ALbERtA EmPLoymEnt & immiGRAtionAngela Girvan ALbERtA hEALth SERviCES – CALGARy REGionCheryl Goldsmith and Cindy Munn City of CALGARyRichard Gotfried tRiCo homESJohn Simpson StAndEnS LimitEdChris Thomas tim hoRtonSKen Vinge bowEn woRkfoRCE SoLutionS

Chris Anderson ARC finAnCiAL CoRPoRAtionRobert Cook ARC finAnCiAL CoRPoRAtionJames Davidson fiRStEnERGy CAPitAL CoRPoRAtionLeo de Bever AimCoPerry Englot hSbC bAnk CAnAdAShane Fildes bmo CAPitAL mARkEtAlexander Fritsche bAnk of CAnAdAMichael Halliwell CAnAdiAn wEStERn bAnkPaul Kelly fiRSt CALGARy SAvinGSTim Kitchen bARCLAyS CAPitALArt Korpach CibC woRLd mARkEtSDrew MacIntyre td SECuRitiES inC.George Marlatte SCotiAbAnkMichael Mezei mAwER invEStmEnt mAnAGEmEntDave Mowat Atb finAnCiALChris Potter PEtERS & Co LimitEdBill Rice ALbERtA SECuRitiES CommiSSionGordon Ritchie RbC dominion SECuRitiESBob Thompson bRownStonE ASSEt mAnAGEmEntLeonard Waverman hASkAynE SChooL of buSinESS

Helen Bremner ENMAX CorporAtioNDavid Day City of CAlgAry, UtilitiEs & ENviroNMENtAl protECtioN

Carmen Dybwad CEriJudy Fairburn CENovUs ENErgy iNC.

Ken Hogg rENEwAblE ENErgy solUtioNs iNC.David Layzell UNivErsity of CAlgAry

Gary Leach sEpAC – sMAll EXportErs ANd prodUCErs AssoCiAtioN of CANAdA

David MacInnis ChEvroNRobert Mansell UNivErsity of CAlgAry, iNstitUtEs & CENtrEs

Kim Spink NAtioNAl pUbliC rElAtioNsGreg Stringham CANAdiAN AssoCiAtioN

of pEtrolEUM prodUCErs (CApp)Doug Sullivan ENMAX CorporAtioN

Peter Tertzakian ArC fiNANCiAl CorporAtioNBill Trefanenko ENbridgE iNC.

Ashley Wedderburn NAtioNAl pUbliC rElAtioNs

Dave Birkby wEstbridgE pEt CoNtAiNErsMike Flynn ApEl EXtrUsioNs liMitEd

Robert Hansen CANAdiAN MANUfACtUrErs & EXportErs Duane Hertzer optiMA MANUfACtUriNg iNC.

Louis Kelemen Jr. siMo CorporAtioNLaura Kennedy vistA-iMv Jv (vistA proJECts liMitEd)

Duane Macauley dyNAMiC soUrCE MANUfACtUriNgBrian McCready CANAdiAN MANUfACtUrErs EXportErs AssoCiAtioN

Garry Mihaichuk lorEM ispUM CoMiNg sooNRay Mills KUdU iNdUstriEs iNC.

Chester Nagy plAiNs fAbriCAtioN & sUpplyMel Svendsen stANdENs liMitEd

Lynn Wyton AlbErtA fiNANCE & ENtErprisE

Calgary Arts Development AuthorityCalgary Chamber of CommerceCalgary Downtown Association

Calgary FoundationCalgary Regional Partnership/Calgary Regional Economic Partnership

Calgary StampedeCalgary TELUS Convention Centre

City of CalgaryEdmonton Economic Development Corporation

Economic Developers of AlbertaInnovate Calgary

Meetings & Conventions CalgaryMomentum

Productivity Alberta Steering CommitteeTourism Calgary

Transformation CalgaryUnited Way of Calgary and Area

City of CalgaryGovernment of AlbertaGovernment of Canada

EnErgy CEntrE

Advisory CommittEE

Manufacturing action

coMMittee

Strategic community

PartnerS

Government Partners

DesigneD anD proDuceD by Western sky creativeprinteD by Mcara printing

contact inFormation

calgary economic development731 – 1st Street SE Calgary, Alberta

Canada T2G 2G9 t 403.221.7831 or toll-free 1.888.222.5855

F 403.221.7828 e-mail [email protected]

tHis Book Has Been printed on domtar cougar papers.

cougar is Honored to Be tHe premier memBer oF tHe domtar eartHcHoice® Family

oF products. all cougar paper is Fsc-certiFied and endorsed By tHe

rainForest alliance. Featuring 10% post consumer recycled content and certiFied

FiBer, it’s an optimal environmental cHoice. domtar is also pleased to make an annual contriBution oF $350,000 to wwF From tHe

sale oF eartHcHoice® papers as a symBol oF our support to our customers,

to tHe environment and to cougar.

WWW.CALGARYECONOMICDEVELOPMENT.COM

canadian economic development

Documents

calgary business community

propelled calgary

calgarys economic growth

stronger economic environment

complex economic challenges

global business centre

business development

business plan