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Calgary in the New Economy
Grow your Career conference
Calgary Economic Development
Business attraction, expansion & retention
Tell Calgary’s story Talent attraction &
workforce development
Startup Calgary & support for the
innovation ecosystem
4
-5.0%
6.8%
-3.8%
5.0%
2.9%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Annual Real G
DP G
row
th R
ate
Annual Real GDP Growth Rates Across Canada
Vancouver Edmonton Calgary Toronto Ottawa Montreal Canada
Source: Millions $ 2012, Conference Board of Canada, October 2019
5
-0.4%
2.0%
2.8%
2.5%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
2019F 2020F 2021F 2022F
Annual Fore
caste
d R
eal G
DP G
row
th R
ate
Annual Forecasted Real GDP Growth Rates Across Canada
Vancouver Edmonton Calgary Saskatoon Toronto Ottawa Montreal Canada
Source: Millions $ 2012, Conference Board of Canada, October 2019
6
7.1%
870.10
936.60
200.0
300.0
400.0
500.0
600.0
700.0
800.0
900.0
1,000.0
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
Jul
Sep
Nov
Jan
Mar
May
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Jan
Mar
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Jul
Sep
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2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
La
bo
ur
Fo
rce
& E
mp
loy
me
nt
(th
ou
sa
nd
s)
Un
em
plo
ym
en
t R
ate
Calgary CMA Historical Unemployment
Rate, Labour Force & Employment
Unemployment Rate Employment Labour Force
Cycle highs and lows
Source: Statistics Canada, December 2019
7
4.5%
6.3%
7.5%
6.0%
5.0%
6.0%5.8% 5.7% 5.6% 5.6%
4.8%
8.0%
7.1%
4.4% 4.4%
6.0%
5.3%
6.0%5.7% 5.6%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
Vancouver Edmonton Calgary Toronto Ottawa Montreal Winnipeg Regina Saskatoon Canada
Unemployment Rate Across Canada
December 2018 December 2019Source: Statistics Canada
8
7.3%
10.4%
13.6%
12.1%
10.8%
12.3%
13.5%
6.9%
9.0%
10.9%
8.2%
17.1%
13.4%
12.0%11.5%
11.8%11.7%
10.8%
9.4%
11.5%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
Vancouver Edmonton Calgary Regina Saskatoon Winnipeg Toronto Ottawa Montreal Canada
Youth Unemployment Rate Across Canada(Ages: 15 to 24 Years)
November 2018 November 2019Source: Statistics Canada
9
1.3%
-1.4%
3.3%
0.1%
0.9%
0.7%
4.5%
8.5%
0.0%
2.4%
15.2%
5.7%
7.3%
1.6%
6.3%
7.4%
14.6%
12.6%
8.9%
7.5%
24.2%23.3%
22.5% 22.4% 22.5%
13.4%
25.0%
17.7%
15.0% 14.7%
-5%
0%
5%
10%
15%
20%
25%
30%
Vancouver Edmonton Calgary Regina Saskatoon Winnipeg Toronto Ottawa Montreal Canada
Gro
wth
Rate
Employment Growth Across Canada
12-Month Employment Growth 5-Year Employment Growth 10-Year Employment Growth
Source: Statistics Canada, December 2019
10
2.8%, Information
& Cultural
1.5%, Information
& Cultural
2.1%, Arts,
Entertainment, Recreation
2.9%, Arts,
Entertainment, Recreation
5.4%, Public Administration3.3%, Public Administration
4.3%, Wholesale Trade
3.7%, Wholesale Trade
4.6%, Other Services
4.7%, Other Services
7.9%, Manufacturing
5.3%, Manufacturing
6.1%, Educational Services
5.9%, Educational Services
5.7%, Transportation &
Warehousing
6.7%, Transportation &
Warehousing
5.3%, Accommodation &
Food Services7.0%, Accommodation &
Food Services
11.3%, Primary & Utilities
7.3%, Primary & Utilities
9.9%, Finance & Insurance, Real Estate
8.8%, Finance & Insurance, Real Estate
5.6%, Construction
9.5%, Construction
13.0%, Retail Trade
10.7%, Retail Trade
7.1%, Professional,
Scientific & Technical11.1%, Professional,
Scientific & Technical
8.8%, Health Care & Social Assistance
11.6%, Health Care & Social Assistance
1987 2018
Calgary Historical Employment by Industry
Source: Conference Board of Canada, October 2019
Total
Employment: 367,775
Total
Employment: 837,050
11
$56,121
$68,259
$84,630
$67,297
$70,724
$51,655
$59,403
$54,927
$45,704
$52,266
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
$100,000
VancouverEdmonton Calgary Regina Saskatoon Winnipeg Toronto Ottawa Montreal Canada
20
18
Annual GDP per Capita Across Canada
Source: The Conference Board of Canada, October 2019, Statistics Canada, March 2019; Population updated annually in March
A leader ineconomic power, with the highest annual GDP per capita of major
cities in Canada
12
11,296 11,297 10,994 11,191 11,345 11,969 12,031 12,314 11,552 11,388
9 6692,952 2,446 1,926 1,477 1,511 742 2,559 2,3384,668
-2,102
1,167
9,41513,680 12,160
7,239
-4,424 -5,620
100
18,033
10,6449,104
15,992
19,92919,004
8,494
17,77512,585 12,866
-782-687
-842 -2,588 -2,571 -2,538 -2,408
-1,725
-10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
2008-2
009
2009-2
010
2010-2
011
2011-2
012
2012-2
013
2013-2
014
2014-2
015
2015-2
016
2016-2
017
2017-2
018
Popula
tion G
row
th
Calgary CMA Components of
Population Growth
Natural Increase Net Intraprovincial Migration Net Interprovincial Migration
Net International Migration Residual Deviation
24,68226,867
42,072
24,30223,375
19,821
33,224
In 2017/18, 48.2% of migrants to Calgary were from international origins. Over the last 5 years, 43%
of people moving to Calgary were of international origin
Source:Calgary Census Metropolitan Area (CMA), Statistics Canada, July 1, 2018 (Updated April 2019)
44,309
40,25136,45640,251
21,076 26,692
International migration
accounted for59.7 percent of 2016 population
growth
13
MANUFACTURING
Material optimization
Asset tracking
Next-generation
customer care
Autonomic operations
Channel management
Connected service
DIGITAL TRANSFORMATION
ACROSS INDUSTRIES
14
ENERGY
Digital twin
Remote monitoring
Clean energy tech
Autonomous
vehicles
Energy storage
solutions
Electrification
AGRIBUSINESS
Ag tech
Precision agriculture
Crop science
Animal genetics
Livestock monitoring
LOGISTICS
Intelligent
transportation
Fleet optimization
Digital supply chain
and logistics
automation
Robotics and
manufacturing
Aerospace, defense
and autonomous
systems
LIFE
SCIENCES
Biotechnology
Genomics
Medical devices
Imaging
Health tech
Wearable
technology
CREATIVE
INDUSTRIES
Film & TV
Digital animation
Music
Calgary Film Centre
Digital media
Gaming
FINANCIAL
SERVICES
Fintech
Cyber security
Digital banking
Identity
management
Process
optimization
Artificial Intelligence | Internet of Things | Machine Learning | Blockchain | AR/VR
15
$18.4B in Digital Spend
MANUFACTURING
GROWING AT
24%
$1.5 billion on digital
transformation by 2022, and
growing at an annual rate of
over 24% per year
FORECASTED DIGITAL TRANSFORMATION SPEND
$18.4B IN ALBERTA BY 2022
16
ENERGY
$4.2
BILLION
Investment in
digitization
across energy
(Power & Utilities,
Oil & Gas, etc.) in
Canada is forecast
to more than $12
billion through
2022; with $4.2
billion in Alberta
AGRIBUSINESS
FASTEST GROWING
Agribusiness is
forecast to be the
fastest adopter
of digital, growing by
approximately 25%
through to 2022
LOGISTICS
$1.1
BILLION
Forecast to reach
$1.1 billion and
growing at a rate of
19% by 2022
LIFE
SCIENCES
GROWING
AT 21%
Projected to be $1.3
billion, growing at
an annual rate of
over 21% per year
CREATIVE
INDUSTRIES
19% OF
CANADA
$2.4 billion will be
spent by
2022, approx. 19%
of Canada’s spend
in this sector
FINANCIAL
SERVICES
$1.1
BILLION
Forecast to reach
$1.1 billion and
growing at a rate
of 17% by 2022
Source: IDC Canada,2019; All percentages are compound annual growth rate (CAGR)Digital Transformation Spending forecasts were developed in partnership with IDC Canada. They are based on industry classific ations provided by Calgary Economic Development and IDC’s Digital Transformation Spending Guide (Release Version 1H18).
17
ECONOMIC STRATEGY
VISION
Calgary is the city of choice in Canada for the world’s best entrepreneurs.
We are embracing technology to solve the world’s greatest challenges.
17
1818
CLEANERENERGY
SAFER & SECURE
EFFICIENTTRANSPORT
BETTER
FOOD
HEALTH SOLUTIONS
CALGARY HAS
DIVERSE EMPLOYERSAGRIBUSINESS
19
LIFE SCIENCES/HEALTH FINANCIAL SERVICES OTHER & GENERAL
TECH
DEAL FLOW STUDY
TRENDS IN CALGARY
OVERVIEW
• 1,238 Alberta tech companies
were identified in the 2018
study
• 62% of all Alberta tech
companies and startups are in
Calgary
• 52% are scaling
CAPITAL
• 26% of Calgary companies have
$1M+ in annual revenue
• 73% are currently seeking
funding
• 76% of the funding has been
raised locally (from Calgary
based sources); 30% from other
parts of Canada; 26% from the
US
SECTORS
• 92% of Calgary companies sell
to private industry and 36% to
individual consumers
• 54% have a SaaS offering
• 36% incorporate AI/machine
learning in their product
• 30% have participated in an
accelerator program
20
Source: Start Alberta, 2018 Alberta Tech Deal Flow Study
RECENT NOTABLE
ENERGY TECH INVESTMENTS
21
Blackline Safety (TSXV:
BLN) provides
comprehensive live-
monitoring and wireless
gas detection and
received a $1 million
purchase order for G7x
wearables featuring
satellite communication
and service plans
Interface Fluidics
developed a
nanotechnology platform
that optimizes oil
production company and
recently raised a Series A
round of $6 million
Eavor Technologies has
invented a new
geothermal power
generation technology
that overcomes all the
traditional roadblocks of
geothermal and has
raised $15 million in
Series A
Ingu Solutions’
technology disrupts the
pipeline inspection
industry and recently
raised capital from Energy
Innovation Capital and
Chevron Technology
Ventures
RECENT
AGRIBUSINESS EXPANSIONS
22
Following the merger with
Monsanto, Bayer CropScience has
chosen Calgary, AB as its new
Canadian headquarters
Sleeman Breweries, Canada’s third-
largest brewery and a subsidiary of
the Japanese multinational beer
giant Sapporo Breweries, acquires
Calgary-based Wild Rose Brewery
Chemical giant BASF Corporation
has relocated its Agricultural
Solutions headquarters operations
from its existing Mississauga office
to Calgary
RECENT NOTABLE
FINTECH INVESTMENTS
23
Clio, a cloud-based legal
technology company
raises $330 million in
Series D and has offices
in Dublin, Calgary,
Toronto, and Los Angeles
US bank Morgan Stanley’s
acquired Calgary-based
Solium Capital for $1.1
billion, and rebranded to
Shareworks
Benevity, a global
software social enterprise
that develops workplace
giving and volunteer
management software
solutions, has raised $40
million in a Series C
round of funding
ZayZoon, a leading
provider of Wages On-
Demand and employee
financial payroll features,
raises $15 million in
financing
RECENT
HEALTH INVESTMENTS
24
HATCH-YYC is Calgary’s first health
technology accelerator to provide
companies a platform to accelerate
market access and improve patient
care. With $1 million in funding over
three years, HATCH-YYC expects to
graduate 20 companies by Sept 2022
Calgary-born Parvus Therapeutics
partners with Genentech, a San
Francisco-based biotechnology
company in a deal with $1 billion to
develop and commercialize drugs for
the treatment of inflammatory bowel
disease, autoimmune liver diseases,
and celiac disease
Life Sciences Innovation Hub
receives $8.5 million for
programming that will support
turning advanced research into
commercial ventures and is forecast
to incubate 20 to 40 life sciences
companies per year
RECENT
OFFICE OPENINGS IN TECH
25
Cisco Canada is investing
$15 million in Western
Canada's secure digital
transformation
WeWork has expanded
into Calgary with two
coworking locations—The
Edison and Stephen
Avenue Place
Finger Food Advanced
Technology Group will
open a centre in Calgary,
providing 200 full-time
jobs by 2023 for highly-
skilled design, software
development and
management
professionals
AMD, an American
multinational
semiconductor company
based in Santa Clara
expands to Calgary
focusing on the
development of its GPU
software engineering
talent
26
Labour Demand
Oil and Gas employment in Canada is expect to shrink by 7%, or 12,500 positions, to 173,300 workers in 2019 from 185,800 workers in 2018.- 2019 Oil and Gas Labour Market Update, PetroLMI, April 2019
ICTC forecasts Alberta will see demand for nearly 9,000 digital jobs by 2023.- ICTC, A Digital Future for Alberta, June 2019
The Logistics sector in Alberta will grow by about 7,470 workers from 2016 to 2025.- APGC, 2016
Finance, Insurance & Real Estate will grow by 1.6% annually, reaching 4.8% of total employment in 2019 and gain 68,100 jobs by 2024.- Government of Alberta, 2016; Statistics Canada, 2016
Clean Tech and Clean Resources in Canada will see a demand for approximately 25,500 and 10,500 workers respectively, by 2023.- Canada’s Growth Currency: Digital Talent Outlook 2023, ICTC, 2019
Manufacturing accounts for 5.2% of total employment in Alberta and is expected to grow at an average rate of 1.0% from 2017 to 2021.- industry Profiles 2018, Manufacturing, Government of Alberta, 2018
Agriculture will need to fill 23,300 potential jobs in Alberta by 2025.- AgriLMI CAHRC, 2016
Energy Efficiency employed 436,000 permanent workers in Canada in 2018, with expected growth of 8.3% in 2019, creating over 36,000 jobs.- Energy Efficiency Employment in Canada, ECO Canada, April 2019
Market Demand
• “Canada’s digital economy is predicted to
continue to grow significantly over the next
five years.”
• “By 2021, employment in Canada’s digital
economy will reach 1.63 million jobs, creating
approximately 216,000 new vacancies which
will need to be filled with qualified talent.
• If AB’s share of the Canadian ICT sector stays
constant (or grows), that equates to at least
35,000 new jobs by 2021
The Digital Talent Dividend: Shifting Gears in a Changing Economy. Information and Communications Technology Council (ICTC), Ottawa, Canada. Cutean, A., Ivus, M. (2017).
28
Calgary Companies Hiring Tech
Glassdoor Indeed
Glassdoor Indeed Glassdoor
Cisco Systems Attabotics Arcane
Clio Boast Capital Autodata Solutions
Decisive Farming Circle Cardiovascular ImagingBrightsquid Secure Communications
Corp
Hexagon Collage.com Evans Hunt
Nasdaq H.B. Studios Multimedia Limited Languages in Motion (LIM)
P2 Energy Solutions Localintel Pason Systems Corp
RS Energy Group LodgeLinkThe Professional Petroleum Data
Management Association
Sercel Pangea Global, LLC Routeique Inc.
Suncor Energy Inc. Streamsim Technologies, Inc. Vantix Systems
Sunnyfuture Group Trimac Vista Projects Limited
Software Engineer / Developer Computer Programmer / Web Developer
January 2020 January 2020
From and (as of Sept. 15, 2019)
Software Developer jobs
• Indeed –302
• LinkedIn –432
Data Analyst jobs
• Indeed – 244
• LinkedIn – 102
IT Project Manager
• LinkedIn – 548 9though
Information Technology jobs
• Indeed – 858
• LinkedIn - 427
Market Demand
Summer 2019 career portal snapshot supports this trend (125 company websites)
Market Demand
Uptick in New Tech Training
+
+
+
+
Technical Workforce is Growing
+
+
+
+
+
+
+
Employment Outcomes
0 1 2 3 4 5 6 7 8 9
<50%
50% - 74%
75% - 89%
90% - 100%
# of Programs
Gra
duate
s F
indin
g J
obs in 6
month
s (
%)
# of Programs Resulting in Graduates Finding Jobs within 6
months of Program Completion
34
1-4 Employees,
36,478, 62.3%
5-9 Employees, 8,936,
15.3%
10-19 Employees,
6,109,10.4%
20-49 Employees, 4,258, 7.3%
50-99 Employees, 1,549, 2.6%
100-199 Employees, 730,
1.2%
200-499 Employees,
356, 0.6%
500+ Employees,
136, 0.2%
Calgary CMA Business Establishments by Number of Employees
Source: Statistics Canada, June 2019
Total58,552
All Industries
58,552
Small Business (1-49)
55,781
35
97.8
74.8
94.993.3
65.1 66.1
77.2
8.6%
2.2%3.4%
4.4%
-1.5%
-0.1% 1.9%
13.4%
21.07%
18.17%
26.9%
-0.5%
-0.8%
6.2%
-5%
0%
5%
10%
15%
20%
25%
30%
0
10
20
30
40
50
60
70
80
90
100
110
Vancouver Edmonton Calgary Toronto Ottawa Montreal Canada
10-Y
ear G
row
th in
Tota
l Num
ber o
f Self-E
mplo
yed
Num
ber
of Self-E
mplo
yed p
er
Capit
a (per
1,0
00 p
opula
tion)
Self-Employed per Capita and 10-Year Growth
Self-Employed per Capita (per 1,000 population) 2018 Growth Rate 10-Year Total Growth (2009-2018)
Source: Statistics Canada, 2018, per 1,000 Population
37
TALENT
CALGARY IN THE NEW ECONOMY
INNOVATI
ONPLACE
BUSINESS
FRIENDLY
39
Court Ellingson
cellingson@calgaryeconomicdevelopment.com
calgaryeconomicdevelopment.com
3200, 500 Centre St SE, Calgary, AB T2G 0E3
Facebook.com/calgaryeconomic
Twitter.com/calgaryeconomic
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LinkedIn.com/calgaryeconomic
Keep in Touch
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