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OCIF 2023 ANNUAL REPORT

2023 ANNUAL REPORT

CALGARY

ECONOMIC

CALGARY

ECONOMIC

DEVELOPMENT

DEVELOPMENT






OCIF 2023 ANNUAL REPORT

DOWNLOAD PDF REPORT




LAND ACKNOWLEDGEMENT

In the spirit of respect, reciprocity, and truth, we acknowledge that there have
been Indigenous economies and Indigenous economic development in the Treaty 7
region since time immemorial.

We acknowledge that we gather in the home of the Siksikaitsitapi (Blackfoot
Confederacy) who are comprised of the Siksika, Kainai and Piikani Nations, the
îethka Nakoda (Stoney Nakoda) who are comprised of Bearspaw, Chiniki and
Goodstoney Nations, and the Tsuut'ina Nation. The city of Calgary
is also homeland to the historic Northwest Métis and to the Otipemisiwak Métis
Government, Nose Hill Métis District 5 and Elbow Métis District 6.

We commit to support actions and strategies that create tangible benefits for
Indigenous Peoples towards economic prosperity.

In the spirit of respect, reciprocity, and truth, we acknowledge that there have
been Indigenous economies and Indigenous economic development in the Treaty 7
region since time immemorial.

We acknowledge that we gather in the home of the Siksikaitsitapi (Blackfoot
Confederacy) who are comprised of the Siksika, Kainai and Piikani Nations, the
îethka Nakoda (Stoney Nakoda) who are comprised of Bearspaw, Chiniki and
Goodstoney Nations, and the Tsuut'ina Nation. The city of Calgary is also
homeland to the historic Northwest Métis and to the Otipemisiwak Métis
Government, Nose Hill Métis District 5 and Elbow Métis District 6.

We commit to support actions and strategies that create tangible benefits for
Indigenous Peoples towards economic prosperity.



MESSAGE FROM
THE BOARD CHAIR




On behalf of the Board, I want to extend my deepest gratitude to our partners
and the dedicated team at Calgary Economic Development. Your unwavering
dedication and support have played an instrumental role in what we achieved in
2023.

In particular, I want to extend our appreciation to Mayor Jyoti Gondek, City
Council and City Administration for supporting our work, and to our corporate
Team Calgary partners who enable us to tell Calgary’s story as the place to
build a career and a life.

I would like to acknowledge the remarkable achievements of two team members,
Brad Parry and Luke Azevedo. Both received Queen Elizabeth II’s Platinum Jubilee
Medals in 2023, reflecting their extraordinary contributions and commitment to
our city and province. Their hard work and commitment to excellence reflect the
values we hold at our organization and have set a high bar for all of us.

We look forward to continued partnership and success as we build a strong and
prosperous future for all Calgarians.



Joe Lougheed
Board Chair, Calgary Economic Development

MESSAGE FROM
THE PRESIDENT
& CEO




Our organization’s mandate is to help position our city for long term economic
success through the retention, expansion and attraction of companies, capital
and talent. This, however, is not a mission that can be achieved through one
entity, organization or individual. It requires strategic, consistent and
collaborative efforts with all of our community and corporate partners.

Through this ethos of collaboration, we made a significant and tangible impact
on Calgary’s economy in 2023. I am humbled by the relentless efforts towards our
city’s long-term economic success that all of our teams put toward these
achievements.

We continued to invest our time to help drive our local ecosystem and companies
throughout the year with support for their global expansion plans, through our
Trade Team and award-winning Trade Accelerator Program. We also worked with our
local companies with their talent needs through a number of attraction
initiatives that saw us look strategically for talent in key markets and we made
it easier for our local students to get the hands-on training they need through
the TalentEDYYC program that looks to match companies with students for co-op
and internship opportunities.

We supported the assimilation of a multitude of companies into our community
which included companies like Applexus, Event Combo, Vantage Circle, and
Terrestrial Energy who made Calgary their home this past year and continue to
invest in our city through the creation of incremental job opportunities.

We continued to see the momentum in venture capital investment in our city where
the lion’s share of investment deals and capital continue to flow. The
Opportunity Calgary Investment Fund, which just celebrated its 5th anniversary,
continues to be a most effective tool in helping shape innovation in our city by
delivering investment return levels of more than eleven times on the funds
committed and has been instrumental in helping our startup ecosystem reach a
value of over $5.2 billion.

Calgary is still a top choice for workers considering relocation. Our annual
perceptions research showed 70 per cent of workers viewed Calgary favourably,
and we received high scores in the top three factors respondents consider when
evaluating a move: affordability, a clean and comfortable city, and income
growth opportunities.

All of the above was achieved while navigating broader economic and political
headwinds such as historic strikes in the U.S. entertainment industry, pandemic
rightsizing in the technology sector, inflationary environment, and high
interest rates, to name just a few.

Helping shape the future of our economy and perceptions of our city is a long
game, but one thing is clear from the achievements of the past year: we cannot
underestimate the power of coming together to own our story. As we head into
2024, we look forward to working together with our partners and the community to
bring our story to life in new ways.






Brad Parry
President & CEO, Calgary
Economic Development
CEO, Opportunity Calgary
Investment Fund

WHAT WE DO

As the economic development agency for the City of Calgary, we attract, expand
and retain companies, capital and talent for the city.

We steward Calgary’s economic strategy which sets forth an ambitious vision: for
the city to be the place where bright minds and big ideas come together with an
unmatched spirit
to help solve global challenges.

Keep scrolling to reveal areas of focus, then click on them to learn more about
each area of what we do.

READ MORE




TALENT
DEVELOPMENT & ATTRACTION

CALGARY
PROMOTION




TRADE &
EXPORT
DEVELOPMENT

ECONOMIC
INTELLIGENCE
& RESEARCH




LOCAL
BUSINESS
DEVELOPMENT

HEADQUARTER
& REAL ESTATE
SUPPORT




BUSINESS
INVESTMENT
& ATTRACTION

WORKFORCE
INITIATIVES




CALGARY'S
ECONOMIC
STRATEGY
STEWARDSHIP

B2B & BUSINESS-
TO GOVERNMENT
CONNECTION



OCIF
ADMINISTRATION