The fund is one of Calgary’s most effective tools to build a diversified and resilient economy.
Calgarians are known for our innovative and entrepreneurial spirit. We are resilient, creative thinkers who have come up with some big ideas to address global challenges. But innovative ideas are just that — ideas — until they have the right kind of backing to make them a reality. This is where Opportunity Calgary Investment Fund steps in.
“OCIF was envisioned to help support our community during a challenging economic period that required bold thinking and actions. It was created because something as important as our city’s economy cannot be left to chance,” says Brad Parry, CEO of OCIF. “Our city deserves to have big ambitions for the future, and OCIF is one of the most financially efficient tools to ensure those ambitions are realized.
In total, OCIF has found 28 opportunities — fueling them with $83.9 million in funds committed and $37 million disbursed. For every dollar invested by OCIF, Calgary has experienced a 10x return on funding committed, spurring a total of $878 million in economic activity through a wide range of private, non-profit and public sector investments in the city.
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