Calgary’s mayor talks tech in Toronto in effort to continue growth yyc
“It’s well known around the world Calgary has been the Canadian capital of oil and gas,” Alberta Central chief economist Charles St Arnaud told Global News. “I think it’s showcasing that we have something else.Although the local energy sector remains critical for the city’s economic success, Gondek said it is also playing a role in tech innovation and economic growth in Calgary.
According to Calgary Economic Development, Calgary’s tech startup ecosystem is valued at $5.2 billion, and the city is on track to grow by 1,000 new tech companies by 2030.But to get to the next stage in becoming a global tech hub, more work needs to be done, according to some experts. “We know we have access to venture capital that companies are starting up,” Calgary Chamber of Commerce president Deborah Yedlin said. “We did have an investment tax credit that supported startups, is that something that needs to happen? It’s a good question.”The video game developer, which made a splash with new content on Minecraft servers, made the move to Nova Scotia a few months ago.
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